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.
LSB Industries, Inc. (symbol: LXU) is a diverse manufacturing, marketing, and engineering enterprise with a global footprint. The company's core operations involve the production and sale of a wide array of products used in both commercial and residential air-conditioning systems, as well as chemical products catering to various industries.
Under its subsidiaries, LSB Industries is a key player in the hydronic fan coils, water source and geothermal heat pumps, and large custom air handlers markets. These products are integral to air-conditioning systems, serving both commercial and residential sectors. The company’s innovative solutions in this area are renowned for their efficiency and reliability.
In addition to its HVAC (Heating, Ventilation, and Air Conditioning) products, LSB Industries is significantly involved in the chemical manufacturing industry within the United States. It produces and sells a variety of chemical products tailored to the agricultural, industrial, and mining sectors. The agricultural product line includes ammonia, fertilizer grade ammonium nitrate (AN and HDAN), and urea ammonia nitrate (UAN), which are vital for crop nutrition and soil management.
The industrial segment features products such as high purity and commercial grade ammonia, sulfuric acids, concentrated, blended, and regular nitric acid, and carbon dioxide. These chemicals are essential for a variety of industrial processes. Additionally, LSB Industries supplies diesel exhaust fluid, a critical component for reducing diesel engine emissions.
In the mining sector, LSB Industries provides industrial grade AN (LDAN) and AN solutions, which are crucial for blasting and other mining operations. The company’s products reach customers throughout the United States and North America via distributors and direct sales channels.
Recently, LSB Industries has been actively expanding its market reach and enhancing its product offerings. Strategic partnerships and ongoing projects highlight the company’s commitment to growth and innovation. The firm's financial health remains robust, backed by consistent performance and a clear focus on operational excellence.
To sum up, LSB Industries, Inc. stands out for its diversified portfolio and strong presence in both the HVAC and chemical manufacturing industries. It continues to drive value for its stakeholders through quality products, strategic initiatives, and exceptional market performance.
LSB Industries (NYSE: LXU) and Lapis Energy have submitted a permit application to the U.S. EPA to construct a Class VI well for carbon dioxide (CO2) sequestration at LSB's El Dorado, Arkansas facility. This project aims to capture and permanently store CO2 in deep rock formations, targeting a reduction of LSB's greenhouse gas emissions by approximately 25% upon operation in 2025. The project is expected to sequester over 450,000 metric tons of CO2 annually, enabling LSB to produce over 375,000 metric tons of low carbon ammonia. The facility could also qualify for federal tax credits of up to $85 per metric ton of captured CO2, beginning in 2026.
LSB Industries, Inc. (NYSE: LXU) has announced an investor day for institutional investors and analysts on March 14, 2023, from 11:30 AM to 3:30 PM ET at the New York Stock Exchange. The event will include a check-in, lunch with management, and presentations starting at 12:30 PM ET. Executives will discuss the company’s strategy for enhancing profitability and shareholder value. A live webcast and replay of the event will be available on their website. Registration is necessary due to limited space, with contact information provided for interested attendees.
LSB Industries, Inc. (NYSE: LXU) will release its financial results for Q4 2022 on February 22, 2023, post market close. A conference call to discuss these results will be held on February 23, 2023, at 10:00 am ET. The call will feature CEO Mark Behrman and CFO Cheryl Maguire. Participants can join via phone or listen to a webcast on LSB's website. The company, based in Oklahoma City, manufactures chemical products for various sectors, including agriculture and mining. It aims to reduce its environmental impact through initiatives like carbon capture and zero carbon ammonia strategies.
LSB Industries, Inc. (NYSE: LXU) announced the phased restart of its Cherokee facility in Alabama on January 14, 2023, after a shutdown caused by extreme cold in December 2022. The company projects its fourth quarter 2022 Adjusted EBITDA to be approximately $100 million to $105 million, accounting for $5 million to $7 million in operating profit loss due to the facility outage and declining ammonia prices. LSB operates multiple chemical manufacturing facilities across the U.S. and is focused on reducing environmental impact through carbon capture strategies.
LSB Industries, Inc. (NYSE: LXU) announced the shutdown of its Cherokee, AL, and El Dorado, AR, facilities due to extreme cold temperatures in December 2022. The El Dorado facility has resumed operations, while repairs at Cherokee are projected to conclude by mid-January 2023. The unplanned outages are expected to decrease fourth-quarter 2022 operating income by approximately $5 million to $7 million, primarily from lost sales and fixed cost absorption issues.
LSB Industries, Inc. (NYSE:LXU) announced a public offering of 14,350,000 shares at $13.50 each, set to close on November 10, 2022. The Selling Stockholder, Eldridge Industries LLC, will receive all net proceeds. Additionally, LSB plans to repurchase 3,500,000 shares from the underwriters at the same price. The offering is made under an automatic shelf registration statement filed with the SEC. UBS Investment Bank and Goldman Sachs are the lead managers for this offering.
LSB Industries, Inc. (NYSE:LXU) announced that an affiliate of Eldridge Industries LLC plans to sell 14,350,000 shares of common stock under an automatic shelf registration with the SEC. The selling stockholder may grant the underwriters a 30-day option for an additional 1,627,500 shares. LSB intends to repurchase 3,500,000 shares from the underwriters at the offering price using cash on hand. Completion of the offering is subject to market conditions. UBS and Goldman Sachs will serve as lead managers.
LSB Industries (NYSE: LXU) reported record third-quarter results for 2022, achieving net sales of $184 million, up 45% from $127 million in 2021. Adjusted EBITDA rose to $50 million compared to $38 million last year, with adjusted EPS of $0.27, up from $0.07. The company repurchased approximately 7 million shares and maintained total liquidity of around $450 million as of September 30, 2022. Despite reduced volumes due to scheduled maintenance, LSB remains optimistic about market conditions and plans for ongoing operational improvements and decarbonization projects.
LSB Industries has increased its stock repurchase program from $100 million to $175 million. Approximately $75 million remains available for repurchases. This decision reflects the company's strong liquidity and operational cash flow, along with a positive outlook for Q4 2022 and full year 2023. The repurchase program allows for flexibility in share repurchases, which can be adjusted based on market conditions and other factors. LSB aims to balance shareholder value with growth investments.
LSB Industries, Inc. (NYSE: LXU) announced that CFO Cheryl Maguire will participate in the Morgan Stanley Global Chemicals, Agriculture, and Packaging Conference on November 9 in Boston, MA. Individual meetings will be held throughout the day, starting at 8:45 AM ET, and require prior appointment. Interested parties can schedule a meeting through their Morgan Stanley representative or contact Fred Buonocore. A presentation will be available on the company's website during the conference. LSB specializes in chemical manufacturing for various markets and aims to reduce its environmental impact.
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