Company Performance - LSB (LXU) reported a quarterly loss of $0.11 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.09, and compared to a loss of $0.07 per share a year ago, indicating an earnings surprise of -22.22% [1] - The company posted revenues of $109.22 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 25.27%, although this was a decrease from year-ago revenues of $114.29 million [2] - Over the last four quarters, LSB has surpassed consensus EPS estimates just once, but has topped consensus revenue estimates three times [2] Stock Outlook - LSB shares have underperformed the market, losing about 5.7% since the beginning of the year, while the S&P 500 has gained 22.1% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.11 on revenues of $123.72 million, and $0.22 on revenues of $509.7 million for the current fiscal year [7] Industry Context - The Zacks Industry Rank indicates that the Diversified Operations industry is currently in the top 26% of over 250 Zacks industries, suggesting a favorable environment for stocks in this sector [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]

Financial Performance - Net sales for Q3 2024 were $109.2 million, a decrease from $114.3 million in Q3 2023, reflecting a decline of approximately 3%[1] - The net loss for Q3 2024 was $25.4 million, compared to a net loss of $7.7 million in Q3 2023, with turnaround costs of approximately $16.3 million and one-time non-cash charges of about $5.6 million included[1] - Gross loss for the three months ended September 30, 2024, was $(3,386) thousand, compared to a gross profit of $74,251 thousand for the same period in 2023[20] - Operating loss for the three months ended September 30, 2024, was $(9,499) thousand, down from an operating income of $48,532 thousand in the prior year[20] - Net loss for the three months ended September 30, 2024, was $(7,726) thousand, compared to a net income of $33,270 thousand for the same period in 2023[20] Adjusted EBITDA - Adjusted EBITDA increased to $17.5 million in Q3 2024, up from $9.2 million in Q3 2023, driven by higher ammonia prices and lower natural gas costs[1] - Adjusted EBITDA for the three months ended September 30, 2024, was $17,464 thousand, up from $9,199 thousand in the same period of 2023[28] Sales and Production - Average selling prices for ammonia rose to $387 per short ton in Q3 2024, a 44% increase from $269 per short ton in Q3 2023[10] - UAN sales volumes decreased by 19% to 95,468 short tons in Q3 2024, down from 118,135 short tons in Q3 2023[10] - Ammonia, AN, Nitric Acid, UAN net sales for the three months ended September 30, 2024, were $101,774 thousand, slightly down from $102,938 thousand in 2023[30] Capital Expenditures and Future Projects - Capital expenditures for Q3 2024 were $31.0 million, focused on improving reliability and expanding UAN capacity at the Pryor facility[1] - The company expects to produce an additional 75,000 tons per year of UAN from the Pryor facility, ramping up production in Q4 2024[2] - The El Dorado facility is set to begin producing low carbon products in 2026, pending EPA permit approval[2] - The Houston Ship Channel project is progressing with a full FEED study expected to start in H1 2025, aiming for completion by mid-2026[2] Balance Sheet and Cash Flow - Total current assets decreased to $314,237 thousand as of September 30, 2024, from $436,742 thousand at December 31, 2023[22] - Total current liabilities increased to $124,348 thousand as of September 30, 2024, compared to $118,529 thousand at December 31, 2023[23] - Cash and cash equivalents decreased to $42,283 thousand as of September 30, 2024, from $98,500 thousand at December 31, 2023[22] - Long-term debt, net, decreased to $475,991 thousand as of September 30, 2024, from $575,874 thousand at December 31, 2023[23] Market Conditions - The ammonia market remains strong, with tight supply-demand dynamics and geopolitical concerns affecting pricing and availability[4]

LSB (LXU) came out with quarterly earnings of $0.13 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this chemical maker would post earnings of $0.06 per share when it actually produced earnings of $0.12, delivering a surprise of 100%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. LSB, which belongs to the Zacks Dive ...

For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 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 Commission file number 1-7677 LSB Industries, Inc. (Exact name of Registrant as specified in its charter) | | Delaware | 73-1015226 | | --- | --- | --- | | | (State o ...

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 ...