LSB Industries Reports Q3 2024 Financial Results

Lsb Industries, Inc. ( (LXU) ) has realeased its Q3 earnings. Here is a breakdown of the information Lsb Industries, Inc. presented to its investors.

LSB Industries, Inc., a company engaged in the manufacturing of ammonia and ammonia-related products, operates within the agricultural, industrial, and mining sectors, and is known for its commitment to low-carbon solutions. In the third quarter of 2024, LSB Industries reported a net sales decline to $109.2 million from $114.3 million in the same period last year, and a net loss of $25.4 million, attributed partly to turnaround costs and asset write-downs. Despite these challenges, the company achieved an adjusted EBITDA of $17.5 million, up from $9.2 million in the previous year, driven by favorable ammonia prices and reduced natural gas costs. LSB’s strategic initiatives included enhancements at its Pryor and El Dorado facilities, aimed at increasing production capacity and optimizing sales opportunities. The company continues to advance its energy transition projects, with plans to produce low-carbon products and develop ammonia as a marine fuel. Looking ahead, LSB remains optimistic about its growth prospects, supported by a strong balance sheet and ongoing investments in facility reliability and low-carbon strategies.