Will earnings growth continue for LSB Industries?

Coverage Initiation: LSB Industries, Inc.

 

The third quarter financial results for LSB Industries, Inc. will be released the first of November and the question of whether the firm’s strong second quarter earnings continued will be answered.

The company announced it plans to release the report on Monday, Nov. 1 after the close of the markets.

LSB’s management plans to hold a conference call on Tuesday, Nov. 2 at 9 a.m. Central Time to discuss the results.

Participating in the call will be President & Chief Executive Officer, Mark Behrman, and Executive Vice President & Chief Financial Officer, Cheryl Maguire.

In July, the company’s second quarter earnings report showed net sales of nearly $141 million compared to $105 million a year earlier. Its adjusted EBITDA was $46 million compared to $29.2 million in the second quarter 2020.

“We delivered significant year-over-year growth in both our top and bottom line in the second quarter,” stated Mark Behrman, LSB Industries’ President and CEO at the time of the second quarter announcement.

“Our net sales increased 34% while adjusted EBITDA, which reached an all-time record level for our chemical operations, was up almost 60% versus the same period last year. These outstanding results reflect robust demand and pricing trends for both our agricultural and industrial products coupled with continued solid operating performance by our facilities and the operating leverage inherent in our business model.”

 

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