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, Inc. (NYSE: LXU) has signed an Exchange Agreement with LSB Funding LLC to convert approximately $300 million of its preferred stock into common stock at an exchange price of $6.16. Common stockholders will receive a special dividend of 0.30 shares per share owned. This action is expected to improve the company's financial flexibility, reduce cash interest expenses, and preserve $620 million in federal net operating losses. The transaction aims to unlock shareholder value and facilitate organic growth and M&A opportunities.
LSB Industries, Inc. (NYSE: LXU) will release its financial results for Q2 2021 on July 28, 2021, after market close. A conference call will be held on July 29, 2021, at 10:00 am ET to discuss the results, featuring CEO Mark Behrman and CFO Cheryl Maguire. Interested participants can join by calling (201) 493-6739. Additionally, a slide presentation will be available on LSB's website before the call. LSB Industries manufactures chemical products for various markets and operates multiple facilities across the U.S., providing key insights into their business performance.
LSB Industries, Inc. (NYSE: LXU) announced participation in several upcoming conferences. Key executives, including President & CEO Mark Behrman and EVP & CFO Cheryl Maguire, will attend the Goldman Sachs Credit and Leveraged Finance Conference on May 17, Sidoti Microcap Conference on May 20, KeyBanc Capital Markets Industrials & Basic Materials Conference on June 4, and Stifel Cross Sector Insight Conference on June 9. Meetings will be by appointment only, and presentations will be available on the company’s website.
About LSB Industries: LSB manufactures chemical products for agricultural, mining, and industrial markets.
LSB Industries (LXU) reported robust first-quarter results with net sales of $98.1 million, an 18% increase compared to $83.4 million in Q1 2020. Adjusted EBITDA rose to $17.3 million, up from $15.6 million. The company commenced sales under a seven-year nitric acid offtake agreement, enhancing its liquidity to approximately $56.0 million. Despite weather-related shutdowns, the agricultural segment surged by 8% due to improved pricing and volumes. LSB is also pursuing a green ammonia strategy, marking potential future growth.
LSB Industries, Inc. (NYSE:LXU) announced the appointment of Hector Miravete as the Director of Clean Energy, effective May 3, 2021. This role is pivotal in spearheading the Company's Green Ammonia initiative, aimed at reducing carbon emissions. Miravete brings over 20 years of experience in the petrochemical sector, notably from KBR and Dow Chemical. The Green Ammonia project seeks to utilize renewable resources, offering zero CO2 emissions, with applications in agriculture, maritime fuel, energy generation, and more.
LSB Industries, Inc. (NYSE: LXU) will release its financial results for Q1 ended March 31, 2021, on April 28, 2021, after market close. A conference call is scheduled for April 29, 2021, at 10:00 AM ET, featuring CEO Mark Behrman and CFO Cheryl Maguire. Participants can join the call by dialing (201) 493-6739 and accessing a slide presentation at www.lsbindustries.com. The call will be archived for 90 days for those unable to listen live.
LSB Industries reported its fourth quarter and full year 2020 results with net sales of $88.9 million, a 31% increase year-over-year. Adjusted EBITDA stood at $10.4 million, reflecting a record production of ammonia and UAN at 827,000 tons and 501,000 tons, respectively. Despite a 11% pricing decline, the company experienced a 64% increase in fertilizer sales volumes. Total liquidity reached approximately $58 million. The CEO emphasized expectations for improved financial results in 2021, spurred by rising fertilizer prices and recovery in industrial demand.
LSB Industries, Inc. (NYSE: LXU) has begun the phased restart of its Pryor, OK facility after it was temporarily shut down due to extreme cold weather and elevated natural gas prices. With the restoration of natural gas supply, production is expected to return to pre-shutdown levels soon. Additionally, the El Dorado, AR facility is ramping up production after a force majeure claim was lifted. The Cherokee, AL facility operated normally throughout February. LSB manufactures chemical products for various markets across the U.S.
LSB Industries (NYSE: LXU) has temporarily shut down its Pryor, OK facility due to a surge in natural gas prices caused by extreme cold weather. The local pipeline operator has restricted gas supply to commercial customers, impacting LSB's operations. While the company does not foresee a material effect on its Q1 2021 results, prolonged elevated natural gas prices or constrained availability could significantly affect financial outcomes. LSB Industries manufactures chemical products serving agriculture, mining, and industrial sectors.
LSB Industries, Inc. (NYSE: LXU) will release its fourth quarter financial results for 2020 on February 24, 2021, after market close. A conference call is scheduled for February 25, 2021, at 10:00 am ET, featuring President & CEO Mark Behrman and CFO Cheryl Maguire. Participants can join by calling (201) 493-6739. The call will also be available via webcast on the company’s website, with an archived recording accessible for 90 days following the event. LSB specializes in manufacturing chemical products for various markets across the United States.
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