LSB Industries Q4 2023 net loss $5M vs income $66M; sales fall 43% to $133M

LSB INDUSTRIES, INC.

Net sales $133M down 43% from $234M YoY; net loss $5M vs net income $66M.
Diluted EPS ($0.07) vs $0.83; adjusted EBITDA $25M vs $105M.
Repurchased 1.2M shares for ~$10M; $125M senior notes repurchased in 2023.
Delayed El Dorado expansion; advancing Houston Ship Channel blue ammonia with INPEX, Air Liquide, Vopak.
2024 product volume outlook: AN & nitric acid 560-580K tons, UAN 560-580K tons, ammonia 280-300K tons.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LSB INDUSTRIES, INC. reported the fourth quarter ended December 31, 2023 results: revenue $133 million, net income $5 million net loss, EPS ($0.07) per diluted share.

Period: the fourth quarter ended December 31, 2023
Revenue: $133 million
Net income: $5 million net loss
EPS: ($0.07) per diluted share
Result: reported results

Exact text from the filing

Net sales of $133 million compared to $234 million in the fourth quarter of 2022 • Net loss of $5 million compared to net income $66 million in the fourth quarter of 2022 • Diluted EPS of ($0.07) compared to $0.83 for the fourth quarter of 2022

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LSB INDUSTRIES, INC. reported the full year 2023 results: revenue $594 million, net income $28 million net income, EPS $0.37 per diluted share.

Period: the full year 2023
Revenue: $594 million
Net income: $28 million net income
EPS: $0.37 per diluted share
Result: reported results

Exact text from the filing

Net sales of $594 million compared to $902 million in the full year 2022 • Net income of $28 million compared to net income $230 million in the full year 2022 • Diluted EPS of $0.37 compared to $2.68 for the full year 2022

View on SEC.gov

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LSB INDUSTRIES, INC. filing history →

Source: SEC EDGAR

accession 0000950170-24-025979

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