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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, 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.
LSB Industries, Inc. (NYSE: LXU) will release its third-quarter financial results for the period ending
LSB Industries, Inc. (NYSE: LXU) announced that Cheryl Maguire, Executive Vice President & CFO, will participate in the Credit Suisse 35th Annual Specialties & Basics Conference on September 14, starting at 9:30 am ET. Ms. Maguire will be available for one-on-one meetings throughout the day, which are available by appointment only. Interested parties can schedule meetings through their Credit Suisse institutional sales representatives or by contacting Fred Buonocore. The presentation will be accessible on LSB's Investors webpage.
LSB Industries, Inc. (NYSE: LXU) announced that President & CEO, Mark Behrman, will speak at the Seaport Research Partners Annual Summer Investor Virtual Conference on August 23 at 9:30 am ET. He will also hold one-on-one meetings during the day, available by appointment through Seaport Research Partners. LSB will provide a presentation accessible on their website. The company operates in the chemical manufacturing sector, focusing on agricultural and industrial markets, with a commitment to reducing environmental impact.
LSB Industries (NYSE:LXU) announced the pricing of a public offering of 13,500,000 shares at $13.00 each, expected to close on August 15, 2022. Proceeds will go to selling stockholders, while LSB intends to repurchase 5,500,000 shares from underwriters using cash on hand. The offering follows an automatic shelf registration statement filed with the SEC. Goldman Sachs and UBS are leading the offering.
The offering will not involve any shares sold by LSB, and the completion is subject to customary closing conditions.
LSB Industries, Inc. (NYSE:LXU) announced an offering of 13,500,000 shares of common stock by affiliates of Eldridge Industries, with an option for underwriters to purchase an additional 1,200,000 shares. The selling stockholders will receive all proceeds, while LSB plans to repurchase 5,500,000 shares from underwriters at the offering price. The transaction is subject to market conditions and completion timing is uncertain. Goldman Sachs and UBS are leading the offering, which follows an effective registration statement from March 28, 2022.
LSB Industries (NYSE: LXU) has expanded its stock repurchase program from $50 million to $100 million. Approximately $85 million is still available for repurchases. This increase reflects the company's strong balance sheet, profitability, and robust free cash flow generated in Q2 2022. CEO Mark Behrman stated that the repurchase program aims to enhance shareholder value while maintaining operational improvements and exploring growth opportunities. The timing of repurchases will depend on market conditions and the company's financial performance.
LSB Industries reported a record second quarter for 2022, achieving net sales of $284.8 million, up from $140.7 million in Q2 2021. Adjusted EBITDA reached an all-time high of $158.1 million, with a margin of 55.5%. Adjusted EPS stood at $1.22. The company maintains total liquidity over $500 million and has initiated a $50 million share repurchase program. Despite some declines in nitrogen pricing due to market conditions, LSB anticipates continued robust demand and pricing for fertilizers through 2023, influenced by geopolitical factors and U.S. corn prices.
LSB Industries, Inc. (NYSE: LXU) announced the release of its financial results for Q2 ending June 30, 2022, on July 27, 2022, after market close. A conference call will be held on July 28, 2022, at 10:00 am ET to discuss the results, featuring President & CEO Mark Behrman and CFO Cheryl Maguire. Interested parties can participate by calling (866) 682-6100. The company operates facilities in Alabama, Arkansas, and Oklahoma, providing chemical products for various markets and aims to reduce carbon emissions through innovative strategies.
LSB Industries, Inc. (NYSE: LXU) will join the Russell 3000 Index effective June 27, following the 2022 annual reconstitution. This inclusion reflects the company’s successful operational and capital transformation and is expected to enhance its visibility among institutional investors. FTSE Russell's US indexes are benchmarks for $12 trillion in assets, and membership signifies automatic inclusion in either the Russell 1000 or 2000 Indexes. LSB Industries manufactures chemical products for various sectors and aims for reduced environmental impact through advanced strategies.
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