LSB Industries reports Q3 net loss $8M, revenue down 38% to $114M; adjusted EBITDA falls to $9M

LSB INDUSTRIES, INC.

2023-Q3 EPS reported $0.44 revenue$461,096,000

Net sales of $114M vs $184M in Q3 2022 (-38%); net loss of $8M vs net income $2M; EPS ($0.10) vs $0.03.
Adjusted EBITDA of $9M vs $50M in prior year; cash flow from operations $17M; capital expenditures $9M.
Ammonia selling price down 70% to $269/ton; UAN down 48% to $217/ton; AN down 29% to $327/ton.
Announced low-carbon ammonia project on Houston Ship Channel with INPEX, Air Liquide, Vopak Moda; expected commissioning by end 2027.
Expect improved Q4 results with rising nitrogen pricing; industrial and mining demand steady.

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 third quarter ended September 30, 2023 results: revenue $114 million, net income Net loss of $8 million, EPS ($0.10).

Period: third quarter ended September 30, 2023
Revenue: $114 million
Net income: Net loss of $8 million
EPS: ($0.10)
Result: reported results

Exact text from the filing

LSB Industries, Inc. (NYSE: LXU) (“LSB” or the “Company”) today announced results for the third quarter ended September 30, 2023. Third Quarter 2023 Results and Recent Highlights • Net sales of $114 million compared to $184 million in the third quarter of 2022 • Net loss of $8 million compared to net income $2 million in the third quarter of 2022 • EPS of ($0.10) compared to $0.03 for the third quarter of 2022

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Source: SEC EDGAR

accession 0000950170-23-057498

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