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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect LSB INDUSTRIES's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of LSB INDUSTRIES's position in the market.
LSB Industries, Inc. announced the retirement of John Burns as EVP of Manufacturing and the appointment of Scott Bemis as his successor. Mr. Burns, with over 35 years in the chemical industry, will retire after serving since February 2020. Mr. Bemis, known for his leadership in manufacturing and safety, will take over effective May 20, 2024. The company aims to enhance production volumes and become a leader in the energy transition.
LSB Industries, Inc. reported first-quarter results for 2024, with net sales of $138 million compared to $181 million in 2023, net income of $6 million compared to $16 million, and diluted EPS of $0.08 compared to $0.21. Adjusted EBITDA was $33 million compared to $51 million. The company repurchased shares and Senior Secured Notes, holding $265 million in cash and short-term investments as of March 31, 2024. President and CEO Mark Behrman highlighted a solid increase in sales volumes due to strong demand for fertilizers, generating solid cash flow. LSB remains committed to clean ammonia initiatives and aims to become a leader in low-carbon ammonia production. The market outlook for nitrogen fertilizers is favorable, with strong demand and pricing stability. LSB is progressing on its low-carbon ammonia projects and expects to see positive results in the near future.