Financial Data and Key Metrics Changes - The company generated adjusted EBITDA of $33 million for Q1 2024, down from $51 million in Q1 2023, primarily due to weaker selling prices, although this was partially offset by stronger sales volumes and lower natural gas costs [79][98] - The company repurchased approximately 700,000 shares during Q1 and 1.5 million shares year-to-date, indicating a commitment to returning capital to shareholders [80][71] - The company expects a sequential increase in adjusted EBITDA over Q1 2024 due to higher sales volumes and lower natural gas costs, despite anticipating lower realized fertilizer selling prices compared to the previous year [83][81] Business Line Data and Key Metrics Changes - The company expects to see further increases in downstream production volumes for UAN, AN, and nitric acid, while anticipating a decrease in ammonia sales as they upgrade production capabilities [26][100] - The pricing for Tampa ammonia is currently at $450 per metric ton, while NOLA UAN is around $270 per ton, with expectations of some weakening in pricing as the spring planting season closes [81][92] - The company is focusing on improving plant reliability and efficiency through scheduled turnarounds at its Pryor and Cherokee facilities, which are expected to enhance production capabilities [80][44] Market Data and Key Metrics Changes - Corn prices remain strong, with December 2024 corn futures exceeding $4.60 per bushel, supporting demand for nitrogen fertilizers [73] - European gas prices have increased due to geopolitical instability, but U.S. gas prices remain significantly lower, providing a competitive advantage for U.S. producers [76][92] - The demand for ammonium nitrate has been driven by healthy metals mining activity, particularly in support of electric vehicle production [78][96] Company Strategy and Development Direction - The company is actively pursuing markets for low-carbon products and expects to secure long-term off-take agreements for ammonia production from potential customers in Asia, Europe, and the U.S. [86][88] - The company is involved in low-carbon ammonia initiatives, with projects on track and expected to benefit from growing demand in various industries, including marine fuel applications [102][104] - The company aims to enhance profitability through operational improvements and low-carbon activities, positioning itself as a leading supplier in the energy transition [118] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving improved production reliability and efficiency, with a roadmap established to reach 95% operational capacity [11][44] - The company anticipates a normalization of pricing in the second half of the year after six consecutive quarters of year-over-year declines [114] - Management highlighted the importance of maintaining a strong balance sheet and liquidity to weather market volatility while pursuing growth opportunities [23][65] Other Important Information - The company has allocated approximately $125 million for stock and debt repurchases, indicating a strategic approach to capital deployment [12][99] - The company is preparing for turnarounds at its facilities, which are expected to incur expenses of $2 million to $3 million during the second quarter [101][80] - The company is monitoring the impact of global urea pricing dynamics on its products, as these can influence pricing strategies [94][106] Q&A Session Summary Question: Can you compare UAN pricing dynamics and future expectations? - Management noted that UAN prices have been stable, with lower imports creating opportunities for better pricing [121][122] Question: What is the outlook for ammonia pricing and sales volumes? - Management expects a decline in ammonia sales volumes but anticipates higher UAN sales volumes as the season progresses [100][81] Question: How is the company addressing natural gas price volatility? - The company is locking in gas needs at the beginning of each month to manage costs effectively [141][142] Question: What is the company's strategy regarding low-carbon ammonia? - The company is working with partners to develop the inland marine marketplace for low-carbon ammonia, emphasizing the need for regulatory support [135][136] Question: Are there any updates on the low-carbon ammonia projects? - The company is in regular contact with the EPA regarding permit applications and is optimistic about the timeline for approvals [103][102]

Q1 2024 EARNINGS PRESENTATION April 30, 2024 Forward-Looking Statements Statements in this presentation that are not historical are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance including the effects of the COVID-19 pandemic and anticipated performance based on our grow ...

Wall Street expects a year-over-year decline in earnings on lower revenues when LSB (LXU) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 29. On the other h ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the transition period from __________ to __________ Commission File Number: 1-7677 WASHINGTON, D.C. 20549 LSB INDUSTRIES, INC. FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact Name of Registrant as Specified in its Charter) Delaware 73-1015226 (State of o ...

LSB Industries, Inc. (NYSE:LXU) Q4 2023 Earnings Conference Call March 6, 2024 10:00 AM ET Company Participants Fred Buonocore - Vice President of Investor Relations Mark Behrman - Chief Executive Officer Cheryl Maguire - Chief Financial Officer Conference Call Participants Josh Spector - UBS Anthony Mercandetti - Deutsche Bank Adam Samuelson - Goldman Sachs Dan Rizzo - Jefferies Andrew Rong - RBC Capital Markets Rob McGuire - Granite Research Operator Greetings and welcome to the LSB Industries' Fourth Qua ...

Q4 2023 EARNINGS PRESENTATION March 6, 2024 Statements in this presentation that are not historical are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance including the effects of the COVID-19 pandemic and anticipated performance based on our growth and other strategies and ...

LSB Industries, Inc. (NYSE:LXU) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Fred Buonocore - VP, IR Mark Behrman - CEO Cheryl Maguire - CFO Conference Call Participants Chris Perrella - UBS Harrison Reynolds - RBC Capital Markets Laurence Alexander - Jefferies Charles Neivert - Piper Sandler Rob McGuire - Granite Research Anthony Mercandetti - Deutsche Bank Operator Greetings. Welcome to the LSB Industries' Third Quarter 2023 Earnings Conference Call. At this time, all ...

Forward-looking statements Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for our management to predict all risks and uncertainties, nor can management assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward- looking statements. Although we believe the expectations re ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-7677 LSB Industries, Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organiz ...

July 27, 2023 Q2'23 Overview – Healthy Volume Increase Offset by Lower Prices Return of capital to shareholders through the repurchase of $125 million of debt and 1.8 million shares of common stock | --- | --- | |--------------------------------------------|------------------------------------------------------------------------------------| | | | | have recently begun to increase | Nitrogen price trends have hit an inflection point and | | Tampa ammonia price settled at $295/MT for | August, up $10/MT; fir ...