LSB Industries Q2 net sales drop 42% YoY; net income falls to $25M

LSB INDUSTRIES, INC.

2023-Q2 EPS reported $0.54 revenue$346,809,000

Net sales $166M vs $285M Q2 2022; net income $25M vs $103M; EPS $0.33 vs $1.17.
Adjusted EBITDA $47M vs $158M; adjusted EPS $0.25 vs $1.22.
Repurchased $125M principal of Senior Secured Notes for ~$114M and $17M of common stock.
Cash and short-term investments $314M; total liquidity ~$369M as of June 30.
Ammonia volumes up 35% YoY; average ammonia price fell 68% to $367/ton.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LSB INDUSTRIES, INC. reported second quarter ended June 30, 2023 results: revenue $166 million, net income $25 million, EPS $0.33.

Period: second quarter ended June 30, 2023
Revenue: $166 million
Net income: $25 million
EPS: $0.33
Result: reported results

Exact text from the filing

LXU) (“LSB” or the “Company”) today announced results for the second quarter ended June 30, 2023. Second Quarter 2023 Results Compared to Second Quarter 2022 • Net sales of $166 million compared to $285 million in the second quarter of 2022 • Net income of $25 million compared to $103 million in the second quarter of 2022; Adjusted net income of $19 million as

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Source: SEC EDGAR

accession 0000950170-23-034743

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