NYSE$LXU

LSB Industries Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

LSB Industries reported double-digit revenue and adjusted EBITDA growth due to improving end-market fundamentals.

LSB Industries reported a strong first quarter with year-over-year improvements in net sales and adjusted EBITDA, driven by robust agricultural demand, price improvements, and the recovery of industrial end markets. The company is also focusing on developing a green ammonia strategy.

  • Net sales increased to $98.1 million compared to $83.4 million in the first quarter of 2020.
  • Adjusted EBITDA grew to $17.3 million compared to $15.6 million in the first quarter of 2020.
  • Sales commenced under a new seven-year nitric acid offtake agreement.
  • Total liquidity was approximately $56.0 million as of March 31, 2021.

Headline financials

Total Revenue

$98.1M

Previous: $83.4M+17.6%
EPS (adj)

-$0.63

Previous: -$0.78+19.2%
Adjusted EBITDA

$17.3M

Previous: $15.6M+10.5%
Capital Expenditures

-$6.13M

Previous: -$10.7M+42.9%
Free Cash Flow

-$19.4M

Previous: -$30.2M+35.7%
Net Income

-$13.3M

Previous: -$19.5M+31.7%
Operating Income

-$470K

Previous: -$6.99M+93.3%
Gross Profit

$8.06M

Previous: $2.55M+216.0%
Cash & Equivalents

$14.2M

Previous: $37.5M-62.0%
Total Assets

$1.05B

Previous: $1.11B-5.0%

Revenue & EPS history

LSB Industries · Revenue · Quarterly

$98.1M

Q1 2021+17.6%vs Q1 2020
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

LSB Industries · $84.2M total across 3 segments · Q3 2023

  • AN & Nitric Acid
    $46M-30.4%
  • Ammonia
    $26.8M-48.5%
  • Other
    $11.3M-27.2%

Forward guidance

LSB Industries anticipates significant growth in net sales and adjusted EBITDA for the full year relative to 2020, driven by favorable dynamics in the agricultural and industrial markets.

Tailwinds

  • Strong farmer incomes in 2020.
  • Increased demand for corn from China and other countries.
  • Dry conditions in South America.
  • Strong demand and significant increase in pricing for fertilizers.
  • Key industrial end markets have recovered to pre-pandemic levels.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.6%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+6.2%

Avg return

30 days after

46%

30 / 65 earnings

Positive

+34.0%

Q1 2017

Best reaction

-54.7%

Q3 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.0%+0.7%-17.4%
Q4 2025+15.5%+19.2%+62.7%
Q3 2025-0.1%-8.3%-2.9%
Q1 2025+4.9%+4.8%+24.5%
Q4 2024-4.0%-12.7%-14.3%
Q3 2024-6.8%-5.4%-1.4%
Q2 2024+5.1%-8.3%-11.0%
Q1 2024+13.3%+3.7%+17.7%
Q4 2023+1.1%+4.1%+17.4%
Q3 2023-1.4%-8.7%-0.7%
Q2 2023+3.7%+2.1%-10.8%
Q1 2023+2.0%-1.3%+6.8%
Q4 2022+5.2%+6.4%-21.5%
Q3 2022-5.6%-5.9%-16.2%
Q2 2022+9.8%+9.2%+34.8%
Q1 2022-4.3%-12.6%-0.7%
Q4 2021+22.5%+42.5%+92.3%
Q3 2021-2.7%+2.5%+0.8%
Q2 2021+2.0%+7.6%+1.6%
Q1 2021-3.5%-5.5%-4.4%
Q4 2020+14.2%+19.3%+10.0%
Q3 2020-11.4%-1.0%+43.8%
Q2 2020+4.5%+1.8%+105.5%
Q1 2020-5.8%-19.0%-27.0%
Q4 2019-19.9%-19.1%-9.5%
Q3 2019-20.6%-16.2%-28.5%
Q2 2019+28.9%+26.4%+18.8%
Q1 2019-4.4%-5.7%-39.1%
Q4 2018-5.5%-4.1%-14.7%
Q3 2018-10.6%-13.1%-16.1%
Q2 2018-11.9%-16.5%-6.2%
Q1 2018+3.7%-1.2%-7.3%
Q4 2017+10.9%+4.0%-14.8%
Q3 2017+1.6%+4.4%+20.3%
Q2 2017-26.3%-26.7%-39.1%
Q1 2017+34.0%+53.7%+30.8%
Q4 2016+23.9%+20.5%+5.8%
Q3 2016+18.1%+39.6%+54.9%
Q2 2016+5.0%-2.6%-2.4%
Q1 2016-34.0%
Q4 2015+25.1%
Q3 2015-54.7%
Q2 2015-31.7%
Q1 2015-2.0%
Q4 2014+2.5%
Q3 2014-10.7%
Q2 2014-1.8%
Q1 2014-1.5%
Q4 2013-4.1%
Q3 2013-12.3%
Q1 2011+2.5%
Q2 2013+7.0%
Q1 2013+0.3%
Q4 2012-0.9%
Q3 2012-5.9%
Q2 2012+8.0%
Q1 2012+3.3%
Q4 2009+12.1%
Q4 2011+12.1%
Q3 2010-11.9%
Q3 2011-11.9%
Q4 2010-1.0%
Q2 2011-1.0%
Q2 2010-1.0%
Q1 2010-6.8%

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