LSB Industries reports Q1 EPS (2c), two estimates 4c

Reports Q1 revenue $143.4M, consensus $138.13M. “We are pleased with our safety performance and the 4% year-over-year improvement in overall sales volumes during the first quarter,” stated Mark Behrman, LSB Industries (LXU)’ Chairman & Chief Executive Officer. “We achieved higher UAN and AN volumes as a result of the reliability and operational improvement measures we implemented over the past several quarters. Not only did we produce more ammonia as compared to the 2024 first quarter, but we also continue to upgrade more of our ammonia into higher margin products. Additionally, we saw stronger ammonia selling prices. However, during the quarter we experienced materially higher natural gas prices which offset the higher selling prices and the operating improvements we made. While natural gas prices remain volatile given global economic uncertainty, they have moderated recently and we expect to benefit from that in the second quarter.”