LSB INDUSTRIES INC - LXU STOCK NEWS

LSB Industries (NYSE: LXU) announced its EVP & CFO, Cheryl Maguire, will participate in two upcoming investor conferences in New York City:

• Jefferies Industrials Conference on September 4th
• UBS Global Materials Conference on September 5th

Maguire will engage in 'fireside chat' discussions with analysts at both events, which will be webcast and available for replay on LSB's website. She will also be available for one-on-one meetings throughout the day at these conferences. Interested parties can schedule meetings through their sales representatives at the host firms or by contacting LSB's VP of Investor Relations, Fred Buonocore.

LSB Industries (NYSE: LXU) announced the retirement of Richard Roedel as Chairman of the Board due to health reasons. Mark Behrman, the company's President and CEO, has been elected as the new Board Chairman, while Lynn White has been appointed Lead Independent Director. Mr. Roedel will remain on the Board until a successor is identified to ensure a smooth transition.

Mr. Behrman, who joined LSB in 2014 and became President and CEO in 2018, has led the company through operational and balance sheet transformation. He has also established LSB's low carbon ammonia strategy. With 30 years of experience in finance and investment banking, Mr. Behrman has been instrumental in positioning LSB for future growth in the global energy transition.

LSB Industries (NYSE: LXU) reported Q2 2024 results with net sales of $140 million, down from $166 million in Q2 2023. Net income decreased to $10 million from $25 million, and diluted EPS fell to $0.13 from $0.33 year-over-year. Adjusted EBITDA was $41 million, compared to $47 million in Q2 2023.

The company highlighted a five-year agreement to supply low carbon ammonium nitrate solution to Freeport Minerals LSB Industries continued its share repurchase program, buying back 0.8 million shares in Q2 and 1.5 million year-to-date. The company also repurchased $64 million in principal amount of Senior Secured Notes during Q2, reducing total debt to approximately $486 million.

LSB Industries is progressing on two clean ammonia projects, with the EPA expected to make a final decision on the El Dorado carbon capture and sequestration project by Spring 2025. The company remains focused on becoming a leader in low carbon ammonia production.

LSB Industries (NYSE: LXU) has announced the schedule for its 2024 second quarter financial results release and conference call. The company will release its financial results for the quarter ended June 30, 2024, on Wednesday, July 31, 2024, after the stock market closes. A conference call to discuss these results will be held on Thursday, August 1, 2024, at 10:00 am ET / 9:00 am CT.

The call will feature President & CEO Mark Behrman, EVP & CFO Cheryl Maguire, and EVP & CCO Damien Renwick. Interested parties can participate by dialing (877) 407-6176 / (201) 689-8451. A webcast of the call and accompanying slide presentation will be available on LSB's website in the Investors section under Events & Presentations.

LSB Industries (NYSE: LXU) has announced a significant 5-year agreement to supply up to 150,000 short tons annually of low carbon ammonium nitrate solution (ANS) to Freeport Minerals , beginning January 1, 2025. This supply will come from LSB's El Dorado, Arkansas facility and is part of their ongoing carbon capture and sequestration project with Lapis Energy. The project aims to capture and sequester over 450,000 metric tons of CO2 annually, producing more than 375,000 tons of low carbon ammonia. The EPA approval for the project is expected by the second half of 2025, with operations starting in 2026. LSB's President and CEO, Mark Behrman, highlighted the importance of this agreement in supporting industrial and mining customers' decarbonization efforts and positioning LSB as a leader in the global energy transition. Freeport will use the low carbon ANS for its U.S. copper mining operations.

LSB Industries (NYSE: LXU) announced that its CEO Mark Behrman and CFO Cheryl Maguire will participate in several upcoming investor conferences. Behrman will attend the Stifel Cross Sector Insight Conference on June 5th in Boston and the Deutsche Bank Global Industrials, Materials & Building Products Conference on June 6th in New York City. Maguire will participate in the Wells Fargo Industrials Conference on June 11th in Chicago. Both executives will be available for one-on-one meetings throughout these events, which can be scheduled through the host firm's sales representative or LSB's VP of Investor Relations, Fred Buonocore.

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.