LXU
LSB Industries, Inc.8.77
-0.11-1.24%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
AN spot boost from outage
Q&A revealed tighter AN markets from CF's Yazoo outage, driving LSB to shift production for spot sales above contract rates through year-end, boosting near-term upside beyond prepared remarks. Management targeted 875,000-880,000 tons gross ammonia production turnaround-free, with 30-40% of the $35 million EBITDA uplift from higher rates and efficiencies flattening non-gas costs. Low-carbon premiums proved slow domestically despite CCS progress, with niche export pursuits eyed. Strategic priorities sharpened on 95% utilization, cost cuts, and growth via debottlenecks or M&A. Farmer stress noted, but demand hinges on policy boosts like E15. Q&A adds execution color. Markets stay tight.
Key Stats
Market Cap
630.95MP/E (TTM)
-Basic EPS (TTM)
-0.01Dividend Yield
0%Recent Filings
8-K
Auditor switch to PwC
LSB Industries' Audit Committee dismissed Ernst & Young as auditor and engaged PricewaterhouseCoopers for fiscal 2026, effective March 4, 2026, after a competitive review. No disagreements or reportable events marred EY's clean audits of 2024-2025. Switch complete. PwC's acceptance pending standard procedures.
10-K
FY2025 results
LSB Industries swung to $57M operating income in FY2025 ended December 31 from a $5.5M loss in 2024, fueled by 18% sales growth to $615M on 11% higher volumes—AN & nitric up 16%, UAN 14%—while shifting HDAN production to industrial ANS under multi-year contracts. No major ammonia turnarounds lifted output to 826K tons (derived), yet natural gas costs rose to $3.46/MMBtu from $2.30; adjusted gross margins held steady at 31%. Q4 repurchases of 0.3M shares at $9.15 and $39.9M notes trimmed debt to $439M. Solid $149M liquidity supports $75M 2026 capex. Volatility of natural gas prices threatens quarterly momentum.
8-K
Q4 sales up 22%, EBITDA jumps
LSB Industries released Q4 and full-year 2025 results on February 26, 2026, posting net sales of $165M (up from $135M) and adjusted EBITDA of $54M (33% margin), while full-year figures hit $615M sales and $162M EBITDA. Strong pricing and volumes offset higher natural gas costs. Debt dipped below 2.0x net debt/EBITDA. 2026 outlook eyes steady volumes despite turnarounds.
8-K
Q4 sales, profit surge
LSB Industries reported Q4 2025 net sales of $165M, up from $135M last year, with net income swinging to $16.1M from a $9.1M loss and Adjusted EBITDA climbing to $54.1M. Full-year sales hit $615M while repurchasing $39.9M in notes and 0.3M shares. Sales volumes dip in 2026 due to turnarounds. Strong markets persist.
8-K
2026 exec LTIP grants approved
LSB Industries' compensation committee approved 2026 LTIP grants on February 4, totaling 307k TRSUs and 307k target PRSUs to six executives, including 153k each to CEO Behrman. TRSUs vest ratably over three years; PRSUs tie to annual RONA then three-year TSR modifier versus peers, but cap at target if TSR negative. A February 10 side letter accelerates Behrman's prior awards on qualifying retirement. Aligns leadership pay with returns.
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