NYSE$LXU

LSB Industries Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported record adjusted EBITDA and significant year-over-year growth in top and bottom line.

LSB Industries reported a strong second quarter with a 34% increase in net sales and a nearly 60% increase in adjusted EBITDA compared to the same period last year. The company benefited from robust demand and pricing trends for both agricultural and industrial products, coupled with solid operating performance.

  • Net sales increased to $140.7 million compared to $105.0 million in Q2 2020.
  • Adjusted EBITDA reached $46.0 million, compared to $29.2 million in Q2 2020.
  • Adjusted EBITDA margin improved to 32.7% from 27.8% in the prior year's quarter.
  • Total liquidity stood at approximately $68 million as of June 30, 2021.

Headline financials

Total Revenue

$141M

Previous: $105M+34.0%
EPS (adj)

$0.07

Previous: -$0.26+126.9%
Adjusted EBITDA

$46M

No prior period
Capital Expenditures

-$14.8M

Previous: -$18M+17.3%
Free Cash Flow

$8.82M

Previous: -$18.3M+148.2%
Net Income

$23.7M

Previous: -$365K+6584.9%
Operating Income

$26.5M

Previous: $10.7M+147.6%
Gross Profit

$35M

Previous: $19M+84.0%
Cash & Equivalents

$17.6M

Previous: $56.5M-68.8%
Total Assets

$1.05B

Previous: $1.09B-4.1%

Revenue & EPS history

LSB Industries · Revenue · Quarterly

$141M

Q2 2021+34%vs Q2 2020
Beat estimate in 11 of 15 quarters(73%)
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

The company anticipates significant growth in net sales and adjusted EBITDA for the full year relative to 2020, driven by favorable trends in U.S. agricultural markets and continued recovery in key industrial end markets.

Tailwinds

  • Stronger farmer incomes in 2020
  • Increased demand for corn from China and other countries
  • Dry conditions in South America leading to higher corn prices
  • Positive trends in key industrial end markets including automotive, homebuilding and power generation
  • Economic forecasts point to continued expansion, including those from The International Monetary Fund, that predict 7% year-over-year GDP growth for the U.S. in 2021

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 Q2 2021

Historical avgQ2 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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