Welcome to our dedicated page for LSB Industries news (Ticker: LXU), a resource for investors and traders seeking the latest updates and insights on LSB Industries stock.
LSB Industries (NYSE: LXU) operates at the intersection of climate control technology and specialty chemical manufacturing, serving global commercial and industrial markets. This news hub provides investors and industry professionals with direct access to the company's official announcements, including quarterly earnings, product innovations, and strategic initiatives.
Our curated collection features SEC filings, press releases, and operational updates spanning LXU's dual business segments: energy-efficient HVAC systems for commercial/residential use and high-purity chemicals for agriculture and industrial applications. Track developments in geothermal heat pump engineering, ammonium nitrate production, and distribution network expansions through primary source documentation.
Key updates include manufacturing capacity changes, sustainability initiatives, and market expansion efforts across North American and international operations. The resource is particularly valuable for monitoring the company's responses to construction industry trends, mining sector demands, and evolving environmental regulations affecting chemical production.
Bookmark this page for streamlined access to LXU's corporate communications, including leadership changes, facility upgrades, and R&D investments in next-generation HVAC technologies. Combine these official updates with broader market analysis through Stock Titan's research tools for comprehensive investment evaluation.
LSB Industries (NYSE:LXU) announced the pricing of a public offering of 13,500,000 shares at $13.00 each, expected to close on August 15, 2022. Proceeds will go to selling stockholders, while LSB intends to repurchase 5,500,000 shares from underwriters using cash on hand. The offering follows an automatic shelf registration statement filed with the SEC. Goldman Sachs and UBS are leading the offering.
The offering will not involve any shares sold by LSB, and the completion is subject to customary closing conditions.
LSB Industries, Inc. (NYSE:LXU) announced an offering of 13,500,000 shares of common stock by affiliates of Eldridge Industries, with an option for underwriters to purchase an additional 1,200,000 shares. The selling stockholders will receive all proceeds, while LSB plans to repurchase 5,500,000 shares from underwriters at the offering price. The transaction is subject to market conditions and completion timing is uncertain. Goldman Sachs and UBS are leading the offering, which follows an effective registration statement from March 28, 2022.
LSB Industries (NYSE: LXU) has expanded its stock repurchase program from $50 million to $100 million. Approximately $85 million is still available for repurchases. This increase reflects the company's strong balance sheet, profitability, and robust free cash flow generated in Q2 2022. CEO Mark Behrman stated that the repurchase program aims to enhance shareholder value while maintaining operational improvements and exploring growth opportunities. The timing of repurchases will depend on market conditions and the company's financial performance.
LSB Industries reported a record second quarter for 2022, achieving net sales of $284.8 million, up from $140.7 million in Q2 2021. Adjusted EBITDA reached an all-time high of $158.1 million, with a margin of 55.5%. Adjusted EPS stood at $1.22. The company maintains total liquidity over $500 million and has initiated a $50 million share repurchase program. Despite some declines in nitrogen pricing due to market conditions, LSB anticipates continued robust demand and pricing for fertilizers through 2023, influenced by geopolitical factors and U.S. corn prices.
LSB Industries, Inc. (NYSE: LXU) announced the release of its financial results for Q2 ending June 30, 2022, on July 27, 2022, after market close. A conference call will be held on July 28, 2022, at 10:00 am ET to discuss the results, featuring President & CEO Mark Behrman and CFO Cheryl Maguire. Interested parties can participate by calling (866) 682-6100. The company operates facilities in Alabama, Arkansas, and Oklahoma, providing chemical products for various markets and aims to reduce carbon emissions through innovative strategies.
LSB Industries, Inc. (NYSE: LXU) will join the Russell 3000 Index effective June 27, following the 2022 annual reconstitution. This inclusion reflects the company’s successful operational and capital transformation and is expected to enhance its visibility among institutional investors. FTSE Russell's US indexes are benchmarks for $12 trillion in assets, and membership signifies automatic inclusion in either the Russell 1000 or 2000 Indexes. LSB Industries manufactures chemical products for various sectors and aims for reduced environmental impact through advanced strategies.
LSB Industries (NYSE:LXU) announced the appointment of Brian Jensen as the new Director of Corporate Development, effective June 14, 2022. Brian brings over 15 years of experience in corporate development and investment banking, having previously served as Director of Corporate Development for China Road and Bridge Corporation. His role includes evaluating project investments, developing partnerships, and pursuing M&A opportunities. The company aims to leverage its strong operational and financial performance to enhance growth and shareholder value.
LSB Industries, Inc. (NYSE: LXU) announced participation by CFO Cheryl Maguire in a fireside chat at the Sidoti & Company Summer Small Cap Virtual Conference on June 15, 2022, at 12:15 PM ET. She will also be available for one-on-one meetings by appointment on June 15 and 16. Investors can access a live webcast of the presentation on the company's website. LSB Industries, headquartered in Oklahoma City, manufactures chemical products primarily for agricultural and industrial markets, with a commitment to reducing environmental impact through carbon capture and zero carbon ammonia initiatives.
LSB Industries has partnered with Bloom Energy and thyssenkrupp Uhde to develop a project for producing approximately 30,000 metric tons of zero-carbon ammonia annually at its Pryor, Oklahoma facility. This green ammonia will be generated using hydrogen extracted from water via electrolyzers powered by renewable energy, ensuring no carbon emissions are involved. The project involves a phased approach, starting with a 10 MW electrolyzer from Bloom followed by a 20 MW unit, making Pryor the largest green ammonia production site in North America.
Bloom Energy (NYSE: BE) and LSB Industries (NYSE: LXU) announced a collaboration to install a 10 MW solid oxide electrolyzer at LSB's Pryor, Oklahoma facility. This project aims to produce approximately 13,000 metric tons of zero-carbon ammonia annually. Utilizing Bloom's efficient electrolyzer technology, the installation is projected to commence hydrogen production in 2023. The partnership emphasizes the importance of clean hydrogen in achieving net-zero emissions and supports federal incentive programs for clean energy.
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