LSB Industries Stock Price, News & Analysis

LSB Industries, Inc. (NYSE: LXU) announced that President & CEO Mark Behrman will participate in a fireside chat at the Bank of America Securities Leveraged Finance Conference on November 30, 2021, at 2:15 PM ET. He will also hold one-on-one meetings throughout the day by appointment. A live webcast of the presentation will be accessible on the Company’s website. LSB Industries, headquartered in Oklahoma City, manufactures chemical products for various markets.

LSB Industries, Inc. (NYSE: LXU) announced that Cheryl Maguire, Executive Vice President & CFO, will participate in a fireside chat at the Morgan Stanley Virtual Chemicals, Agriculture, and Packaging Conference on November 10, 2021, at 3:30 pm ET.

Ms. Maguire will also hold one-on-one meetings throughout the day, available by appointment. A live webcast of her presentation can be accessed in the Investors section of the Company's website. An archived recording will also be available post-event.

LSB Industries, Inc. (NYSE: LXU) reported significant financial improvements for Q3 2021, with net sales reaching $127.2 million, up from $74.0 million in Q3 2020. Adjusted EBITDA soared to $37.7 million, a 270% increase year-over-year, matching a record margin of 29.6%. Key transformations included a successful exchange of $310 million of preferred stock for common stock, leading to credit upgrades and reduced capital costs. The company’s liquidity stood at $81.1 million as of September 30, 2021, setting the stage for future growth amidst strong demand for agricultural and industrial products.

LSB Industries, Inc. (NYSE: LXU) will announce its financial results for Q3 2021 on November 1, 2021, after market close. A conference call to discuss these results will be held on November 2, 2021, at 10:00 am ET, featuring the CEO Mark Behrman and CFO Cheryl Maguire. Interested participants can join the call by dialing (201) 689-8451. A slide presentation will accompany the call and will be available on the company’s website.

LSB operates facilities in Oklahoma, Alabama, and Arkansas, manufacturing chemical products for various markets in the US, Mexico, and Canada.

LSB Industries (NYSE: LXU) has successfully completed its private offering of $500 million in 6.250% Senior Secured Notes due 2028. The net proceeds will be utilized to fully redeem $435 million of existing 9.625% Senior Secured Notes due 2023 and cover associated fees. The redemption is set for October 29, 2021. This offering strengthens LSB's financial position by lowering interest obligations. The notes were sold under Rule 144A and Regulation S, ensuring compliance with securities laws.

LSB Industries, Inc. (NYSE: LXU) faced a halt in trading on October 12, 2021, due to inaccurate information about a stock dividend paid on October 8, 2021. The NYSE initially stated that all 79.4 million shares would receive a 0.30 share dividend, but only 30.4 million shares were eligible. This misinformation caused a 30% drop in stock price on October 11, 2021. The NYSE later corrected its notice, reducing the impact of the stock dividend on prices to an approximate 11.5% increase in shares outstanding. LSB currently has around 88.6 million shares outstanding.

LSB Industries, Inc. (NYSE: LXU) announced a trading halt on its common stock due to a stock price adjustment related to 49,066,005 shares issued to LSB Funding LLC. These shares did not qualify for a dividend because they were not outstanding on the record date of September 24, 2021. The company is currently collaborating with the NYSE to resolve this situation and facilitate the resumption of trading.

LSB Industries, Inc. (NYSE: LXU) priced its offering of $500 million in senior secured notes due 2028 at an interest rate of 6.250%. The notes will be guaranteed by LSB’s subsidiaries and secured by a substantial portion of its assets. The proceeds will primarily be used to redeem $435 million of existing 9.625% senior secured notes due 2023 and cover related expenses. The redemption is scheduled for October 29, 2021. This offering aims to improve LSB's financial position amidst market uncertainties.

LSB Industries (NYSE: LXU) announced the closing of an Exchange Transaction with Eldridge Industries to convert $310 million in preferred stock into common stock. The transaction was approved on September 22, 2021, and involved an exchange price of $6.16 per share. A special dividend of 0.30 shares of common stock per existing share will be distributed to stockholders on October 8, 2021. Following the transaction, approximately 88.9 million shares will be outstanding, with Eldridge holding 61%.