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LSB Industries, Inc. reports developments in its ammonia and ammonia-related chemical business for agricultural, industrial and mining end markets. The company manufactures ammonia, ammonium nitrate, nitric acid and urea ammonium nitrate, with facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma, and an operated facility in Baytown, Texas.
Recurring news covers quarterly operating results, product sales by AN and nitric acid, UAN and ammonia, market conditions for fertilizer and mining explosives, product-volume outlooks, investor conference participation and board governance changes. Company updates also discuss demand drivers such as corn fertilizer application, copper and gold mining activity, industrial nitric acid demand and North American ammonium nitrate supply conditions.
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LSB Industries, Inc. (NYSE: LXU) will announce its financial results for the first quarter ending March 31, 2023, on May 2, 2023, after market close. A conference call hosted by CEO Mark Behrman and CFO Cheryl Maguire will take place on May 3, 2023, at 10:00 am ET to discuss these results. Interested participants can join by calling in 10 minutes prior to the start. LSB Industries operates facilities in Cherokee, Alabama, El Dorado, Arkansas, and Pryor, Oklahoma, and is focused on manufacturing chemical products for agriculture, mining, and industrial markets. The company is committed to reducing its environmental impact and has plans for carbon capture and zero-carbon ammonia strategies.
LSB Industries, Inc. (NYSE: LXU) held an investor day on March 14, 2023, at the New York Stock Exchange, where senior executives outlined strategies to enhance profitability, cash flow, and shareholder value over multiple years. The event featured a webcast replay and a downloadable presentation for stakeholders. LSB, based in Oklahoma City, manufactures chemical products for agricultural, mining, and industrial markets, with facilities located in Alabama, Arkansas, Oklahoma, and Texas. The Company is focused on reducing its environmental impact and is involved in carbon capture, sequestration, and zero carbon ammonia initiatives.
LSB Industries, Inc. (NYSE: LXU) reported Q4 2022 results with net sales of $234 million, up from $190 million in Q4 2021. Adjusted EBITDA reached $105 million compared to $90 million last year, with adjusted EPS increasing to $0.90 from $0.72. For full-year 2022, net sales were $902 million, nearly doubling from $556 million in 2021, and adjusted EBITDA was $415 million vs. $191 million. The company repurchased 5.6 million shares in Q4 and completed a total $175 million stock buyback program. LSB plans further investments and aims for continued profitability amid a favorable nitrogen pricing environment.
LSB Industries (NYSE: LXU) and Lapis Energy have submitted a permit application to the U.S. EPA to construct a Class VI well for carbon dioxide (CO2) sequestration at LSB's El Dorado, Arkansas facility. This project aims to capture and permanently store CO2 in deep rock formations, targeting a reduction of LSB's greenhouse gas emissions by approximately 25% upon operation in 2025. The project is expected to sequester over 450,000 metric tons of CO2 annually, enabling LSB to produce over 375,000 metric tons of low carbon ammonia. The facility could also qualify for federal tax credits of up to $85 per metric ton of captured CO2, beginning in 2026.