NYSE$LXU
LSB Industries Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
LSB Industries reported record operating results, achieving an all-time highest quarterly EBITDA.
LSB Industries reported a strong second quarter with significant year-over-year growth in net sales, adjusted EBITDA, and EPS. The company benefited from higher selling prices and strategic commercial initiatives.
- Net sales increased to $284.8 million compared to $140.7 million in the second quarter of 2021.
- Adjusted EBITDA reached $158.1 million, a significant increase from $46.0 million in the same quarter last year.
- Adjusted EBITDA margin improved to 55.5% compared to 32.7% in the second quarter of 2021.
- Adjusted EPS was reported at $1.22 for the second quarter of 2022.
Headline financials
Revenue & EPS history
LSB Industries · Revenue · Quarterly
$285M
Revenue by segment
LSB Industries · $208M total across 3 segments · Q2 2022
- AN & Nitric Acid$96.1M—46.3%
- Ammonia$89.4M—43.0%
- Other$22.2M—10.7%
Forward guidance
Demand for fertilizers should continue to be robust, and fertilizer pricing should remain above historical averages for the rest of 2022, and full year 2023.
Tailwinds
- Farmer income is likely to continue to be healthy, encouraging investment in fertilizers in order to maximize yield to capitalize on strong corn pricing.
- The elevated corn price environment appears to have the underpinnings to persist given high levels of U.S. ethanol demand and the impact of dry conditions in South America and the Western U.S. on global corn supplies.
- Demand for corn from China for use as animal feed remains high as well.
- Demand for agricultural ammonia could be strong in the fourth quarter, after the harvest, as farmers seek to replenish the nutrients in their soil in advance of the spring 2023 planting season, particularly given the diminished pre-plant application earlier this year.
- U.S. producers remain at a significant production cost advantage and the global ammonia supply constraint should serve as the foundation for continued elevated nitrogen pricing.
Headwinds
- The U.S. corn belt had a very wet spring, causing farmers to forego their typical pre-planting fertilizer application.
- Domestic natural gas prices are well above where they were at this time a year ago.
- Natural gas costs in Europe have rebounded to near the peak levels reached this past March causing ammonia production at some European facilities to shut down again in the face of prohibitively high feedstock costs.
- The current unstable geopolitical situation in that region could potentially disrupt the global supply of these products for the balance of 2022 and 2023.
- Weakening forecasts for economic growth
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 2022
-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
| Quarter | Report date | Reaction (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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