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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.
LSB Industries, Inc. (NYSE: LXU) has successfully completed a private offering of $200 million in 6.250% Senior Secured Notes due 2028. This issuance complements the previous $500 million raised on October 14, 2021. The Notes were sold at face value, with net proceeds allocated for strategic acquisitions, organic growth initiatives including production capacity expansion, and general corporate purposes. The offering complies with SEC regulations and is not available for sale in the U.S. without proper registration.
LSB Industries, Inc. (NYSE: LXU) has announced the pricing of $200 million in 6.250% Senior Secured Notes due 2028, increasing from the previously announced $175 million. The offering is a continuation of the Notes first issued in October 2021. The Notes will accrue interest at 6.250% and mature on October 15, 2028. Proceeds will be used for strategic acquisitions, growth projects, and general corporate purposes. The offering closing is expected on March 8, 2022, subject to customary conditions.
LSB Industries, Inc. (NYSE: LXU) plans to offer $175 million in 6.250% Senior Secured Notes due 2028 in a private offering. This issuance follows a prior $500 million issuance on October 14, 2021, and will be guaranteed by its existing and certain future subsidiaries. The proceeds from the offering will be used for strategic acquisitions, organic growth, and corporate purposes. The notes are being sold to qualified institutional buyers under Rule 144A, and the offering is subject to market conditions.
LSB Industries, Inc. (NYSE: LXU) reported record fourth quarter and full-year 2021 financial results, achieving net sales of $190.2 million and adjusted EBITDA of $90.1 million for Q4. This marks a significant increase from $88.9 million and $10.4 million in the same period in 2020, respectively. Full-year net sales reached $556.2 million, up from $351.3 million in 2020, with adjusted EBITDA of $191.0 million. The company maintains a strong liquidity position of approximately $143 million and plans to invest in growth opportunities, including green energy initiatives.
LSB Industries, Inc. (NYSE: LXU) will announce its financial results for the fourth quarter on February 23, 2022, after market close. A conference call to discuss these results will take place on February 24, 2022, at 10:00 am ET. Key executives, including President & CEO Mark Behrman and CFO Cheryl Maguire, will participate. Interested parties can join the call by dialing (201) 689-8451. A slide presentation will be available on the company's website to coincide with the call.
LSB Industries, Inc. (NYSE: LXU) announced that President & CEO Mark Behrman will participate in a fireside chat at the Sidoti & Company Virtual Micro Cap Conference on December 9, 2021, at 10:00 am ET. Additionally, Behrman and CFO Cheryl Maguire will hold one-on-one meetings throughout the day by appointment. The event will be accessible via a live webcast on the company's website, with a recording available afterward. LSB Industries specializes in manufacturing chemical products across agricultural, mining, and industrial sectors, operating facilities in multiple U.S. locations.
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.