LSB Industries Q1 net income falls to $16M from $59M; adjusted EPS $0.25 vs $0.69

LSB INDUSTRIES, INC.

2023-Q1 EPS reported $0.21 revenue$180,964,000

Net sales $181M, down 9% YoY; net income $16M ($0.21 EPS) vs $59M ($0.66 EPS) last year.
Adjusted EBITDA $51M vs $101M; lower pricing and higher natural gas costs offset volume gains.
Sales volumes up 6% overall; ammonia tons up 47% but average price down 27% to $703/ton.
Cash and short-term investments $426M; long-term debt $711M; capex guidance $60-80M for FY2023.
Management sees pricing at or near bottom; expects stronger Q2 results.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LSB INDUSTRIES, INC. reported the first quarter ended March 31, 2023 results: revenue $181 million, net income $16 million, EPS $0.21.

Period: the first quarter ended March 31, 2023
Revenue: $181 million
Net income: $16 million
EPS: $0.21
Result: reported results

Exact text from the filing

LSB Industries, Inc. (NYSE: LXU) (“LSB” or the “Company”) today announced results for the first quarter ended March 31, 2023. First Quarter 2023 Highlights • Net sales of $181 million compared to $199 million in the first quarter of 2022 • Net income of $16 million compared to $59 million in the first quarter of 2022; Adjusted net income of $19 million as compared to $62 million in the first quarter of 2022 • EPS of $0.21 compared to $0.66 for the first quarter of 2022; Adjusted EPS (1) of $0.25 compared to $0.69 in the first quarter of 2022

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Source: SEC EDGAR

accession 0000950170-23-016703

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