Financial Performance - Consolidated net sales for Q2 2020 were $105.0 million, a decrease of 14% from $121.5 million in Q2 2019 [153]. - Net income for Q2 2020 was a loss of $0.4 million, compared to a profit of $6.6 million in Q2 2019, representing a 106% decline [162]. - Operating income for Q2 2020 was $10.7 million, down 6% from $11.3 million in Q2 2019 [153]. - Total net sales fell by 13% to $188.4 million in the first half of 2020 compared to $215.7 million in the same period of 2019 [176]. - Net loss for the first half of 2020 was $19.8 million, a significant increase from a loss of $4.9 million in the same period of 2019, representing a 304% increase [176]. - Total gross profit for the first half of 2020 was $21.6 million, down 20% from $27.0 million in the first half of 2019 [176]. - Gross profit for the second quarter of 2020 was $19.0 million, a decrease of $0.7 million from $19.7 million in the second quarter of 2019 [168]. Sales and Revenue - Agricultural products accounted for approximately 62% of total net sales for the second quarter of 2020, with a projected corn production of 15.0 billion bushels, a 10.2% increase from the previous year [136][139]. - Sales of industrial products represented approximately 28% of total net sales for the second quarter of 2020, with performance dependent on economic conditions in housing, automotive, and paper industries [145]. - Agricultural product sales decreased by 11% to $106.5 million in the first half of 2020 from $119.3 million in 2019 [176]. - UAN sales volume increased by 19% to 226,549 tons in the first half of 2020 compared to 189,760 tons in the same period of 2019 [178]. - The average selling price for UAN decreased by 26% to $162 per ton in the first half of 2020 from $218 per ton in 2019 [178]. Costs and Expenses - Average agricultural selling prices for ammonia, UAN, and HDAN decreased by 32%, 23%, and 5% respectively compared to Q2 2019 [154]. - Interest expense for Q2 2020 was $12.5 million, up from $11.3 million in Q2 2019, primarily due to the issuance of New Notes [172]. - Environmental compliance expenses incurred by the company were $2.1 million in the first half of 2020, with expected costs for the remainder of the year ranging from $2.0 million to $2.3 million [211]. - Transportation costs increased due to higher demand for ammonia trucks, impacting margins in Q2 2020 [149]. Liquidity and Capital Structure - As of June 30, 2020, the company had approximately $69.1 million in combined cash and borrowing capacity, providing ample liquidity to fund operations and meet obligations [131]. - The company received a $10 million loan through the PPP within the CARES Act, which helped avoid employee furloughs or terminations during the pandemic [132]. - The company is actively seeking ways to improve its capital structure and reduce overall cost of capital, anticipating benefits from improved operating performance and economic recovery [127]. - Total long-term debt, including current portion, was $499.0 million as of June 30, 2020, compared to $459.0 million as of December 31, 2019 [195]. Production and Operational Changes - The company is focusing on enhancing safety standards and improving plant performance through upgraded maintenance management systems and predictive maintenance programs [127]. - The company is expanding the distribution of its products to leverage current production capacity and expects to complete margin enhancement projects over the next 12 to 18 months [127]. - The nitrogen chemical industry faced pressure in Q2 2020 due to a global economic downturn, leading to greater supply and lower fertilizer pricing [129]. - The company plans to move to a three-year Turnaround cycle for its Pryor Facility starting in Q3 2021 [151]. Dividends and Shareholder Returns - The company has not paid cash dividends on its common stock for many years and does not anticipate doing so in the near future [212]. - As of June 30, 2020, accumulated dividends on the Series E Redeemable Preferred amounted to approximately $120.0 million, with a current semi-annual compounded dividend of about $127.20 per share [213]. Other Financial Metrics - Property, plant, and equipment expenditures increased by 25% to $7.2 million in Q2 2020 from $5.8 million in Q2 2019 [162]. - Net cash provided by operating activities was $19.4 million for the first half of 2020, a decrease of approximately $0.9 million compared to $20.3 million in the same period of 2019 [188]. - Net cash used by investing activities was $17.7 million for the first half of 2020, an increase of $4.9 million compared to $12.8 million in the same period of 2019 [190]. - Net cash provided by financing activities was $32.0 million for the first half of 2020, an increase of $7.5 million compared to $24.5 million in the same period of 2019 [191].

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 March 31, 2020 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) Delaware 73-1015226 (State or other jurisdiction of incorpor ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 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, 2019 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) Delaware 73-1015226 (State of o ...

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, 2019 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) Delaware 73-1015226 (State or other jurisdiction of inco ...

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 June 30, 2019 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) Delaware 73-1015226 (State or other jurisdiction of incorpora ...

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 March 31, 2019 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 organizatio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the fiscal year ended December 31, 2018 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 WASHINGTON, D.C. 20549 For the transition period from __________ to __________ FORM 10-K Commission File Number: 1-7677 (Mark One) LSB INDUSTRIES, INC. ☒ ANNUAL 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 ...