LSB Industries SEC Filings

LSB Industries, Inc. reported that its Audit Committee completed a competitive process to select the independent registered public accounting firm for the fiscal year ending December 31, 2026. On March 4, 2026, the Committee approved engaging PricewaterhouseCoopers LLP (PwC) as auditor, subject to PwC’s standard client acceptance procedures and an engagement letter.

On the same date, the Committee dismissed Ernst & Young LLP (EY) as auditor, effective immediately. EY’s reports on the company’s 2025 and 2024 consolidated financial statements contained no adverse opinions, disclaimers, or qualifications, and the company states there were no disagreements or reportable events with EY through March 4, 2026.

LSB Industries President and CEO Mark T. Behrman sold 250,000 shares of common stock in an open-market transaction at a weighted average price of $11.75 per share under a Rule 10b5-1 trading plan adopted on October 31, 2025.

These sales were executed in multiple trades at prices ranging from $11.54 to $11.94 per share, and following the transaction he directly owns 1,487,195 shares of LSB Industries common stock.

LSB Industries SVP and Treasurer Kristy Carver reported an open-market sale of common stock. On February 26, 2026, Carver sold 2,091 shares at an average price of $10.99 per share. After this transaction, she directly holds 57,006 shares of LSB Industries common stock.

The filing notes that this sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Carver on March 14, 2025, indicating the trades were pre-arranged under a preset plan rather than discretionary market timing.

Luxfer Holdings plc (LXU) submitted a Form 144 notice reporting the proposed sale of 250,000 common shares on the NYSE through UBS Financial Services Inc. The filing lists an aggregate value of $2,937,725.00 and includes several prior stock awards dated 01/03/2023, 01/20/2023, 01/21/2023, and 01/21/2024 with amounts shown as 137,252, 22,407, 16,136, and 74,205 respectively.

LSB Industries outlines its 2025 annual report, describing a nitrogen chemicals business serving industrial and agricultural markets from plants in Arkansas, Alabama, Oklahoma and Texas. Key products include AN and nitric acid, UAN and ammonia, which together made up all consolidated net sales in 2025.

The company targets growth in low and no carbon ammonia, using its existing ammonia and hydrogen expertise, while balancing more volatile agricultural sales with longer-term industrial contracts that often pass through natural gas costs. It ended 2025 with about $192.8 million in combined cash, short-term investments and borrowing capacity, and had 71,846,842 common shares outstanding as of February 20, 2026.

LSB highlights competitive strengths in plant locations, access to low-cost U.S. natural gas and diversified end markets, but warns of significant risks from natural gas price volatility, plant outages at its four key facilities, regulatory and environmental compliance costs, substantial debt including $438.6 million of 6.25% senior secured notes due 2028, and execution risk around its low carbon ammonia initiatives.

LSB Industries reported a strong 2025, with net sales rising to $615M from $522M and adjusted EBITDA increasing to $162M from $130M. Diluted EPS improved to $0.34 from a loss of $(0.27), reflecting better profitability.

For Q4 2025, net sales grew to $165M from $135M, adjusted EBITDA climbed to $54M from $38M, and EPS turned positive at $0.22 versus a loss of $(0.13). Net debt to trailing adjusted EBITDA improved to 1.8x from 2.3x as the company repurchased $39.9M of debt and 0.3 million shares.

The company issued 2026 guidance that includes planned turnarounds reducing ammonia and UAN production but maintains solid sales-volume targets. It also outlined a low-carbon ammonia and carbon capture project at El Dorado, with key permits expected in 2026 and startup targeted by the end of 2026.

LSB Industries reported a strong turnaround in 2025, returning to profitability with solid growth in sales and margins. Full-year net sales rose to $615.2 million from $522.4 million in 2024, while net income improved to $24.6 million from a net loss of $19.4 million. Diluted EPS moved to $0.34 from a loss of $(0.27), and adjusted EBITDA increased to $161.5 million from $129.5 million.

In the fourth quarter, net sales grew to $165.0 million and net income reached $16.1 million, with adjusted EBITDA of $54.1 million. The company reduced total debt to $441.0 million and held $148.5 million in cash, cash equivalents and short-term investments as of December 31, 2025. It repurchased $39.9 million of Senior Secured Notes and about 0.3 million shares for $2.8 million in 2025. Management also issued a 2026 volume outlook reflecting planned turnaround activity and highlighted progress on a low-carbon ammonia CCS project expected to start operating by the end of 2026.

LSB Industries, Inc. (LXU) received an amended Schedule 13G from CastleKnight Master Fund LP and related entities, including Weitman Capital LLC and Aaron Weitman, reporting a passive ownership position. The group reports beneficial ownership of 3,239,383 shares of common stock, representing 4.5% of the class as of the event date.

Each reporting person discloses no sole voting or dispositive power and shared voting and dispositive power over 3,239,383 shares. They certify the securities are not held to change or influence control of LSB Industries, and that ownership is now at or below the 5% threshold.

LSB Industries director Barry H. Golsen reported indirect sales of the company’s common stock through family entities. On February 9–11, 2026, irrevocable family trusts and BGG Family LLC executed several open‑market sales under pre‑established Rule 10b5‑1 trading plans at weighted average prices around $10.00–$10.12 per share. Following these transactions, the irrevocable family trusts held 46,619 shares and BGG Family LLC no longer held shares, while separate lines show 44,029 shares held by a revocable trust, 693 shares held by his spouse (disclaimed), and 3,568 shares held directly.