Coming off a record first quarter 2022, Oklahoma City-based LSB Industries, Inc. announced the schedule for the release of its second quarter earnings report.
The company plans to release the report on Wednesday, July 27 following the close of the stock market. Management plans to host a conference call the next day, Thursday, July 28 at 9 a.m. central time to discuss the results.
President & Chief Executive Officer Mark Behrman will be joined by Executive Vice President & Chief Financial Officer Cheryl Maguire to discuss the results.
At the end of the first quarter, LSB recorded net sales of nearly $200 million compared to $98 million in the first quarter of 2021. The company’s adjusted EBITDA was $101.1 million compared to $17.3 million a year earlier.
An increased demand for fertilizer products led to much of the increase.
“We delivered another quarter of record results and substantial growth in net sales and adjusted EBITDA and EPS,” stated Behrman at the time.
“The nitrogen industry market dynamics are historically robust reflecting limited global supply partially due to high natural gas prices throughout Europe and higher demand driven by low global grain stocks. Conditions supporting the strong pricing appear likely to persist for the balance of 2022 and 2023.”