NYSE$LXU

LSB Industries Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

LSB Industries reported its operating results for the fourth quarter and full year ended December 31, 2024, and provided a product sales volume outlook for 2025.

LSB Industries reported an increase in net sales for Q4 2024 compared to Q4 2023, reaching $134.9 million. However, the company experienced a net loss of $9.1 million, which was greater than the previous year's net loss, primarily due to significant turnaround costs and one-time non-cash charges. Despite the net loss, Adjusted EBITDA improved significantly to $37.6 million.

  • Net sales increased to $134.9 million in Q4 2024 from $132.6 million in Q4 2023.
  • The company reported a net loss of $9.1 million in Q4 2024, compared to a net loss of $5.3 million in Q4 2023, impacted by $17.1 million in turnaround costs and $3.1 million in one-time non-cash charges.
  • Diluted EPS was $(0.13) in Q4 2024, including approximately $(0.20) per share from turnaround costs and one-time non-cash charges.
  • Adjusted EBITDA significantly improved to $37.6 million in Q4 2024 from $25.1 million in Q4 2023.

Headline financials

Total Revenue

$135M

Previous: $133M+1.7%
EPS (adj)

-$0.13

Previous: -$0.07-85.7%
Adjusted EBITDA

$37.6M

Previous: $25.1M+49.5%
AN & Nitric Acid Volume

150.1K

Previous: 124.7K+20.3%
UAN Volume

114.9K

Previous: 126.0K-8.8%
Ammonia Volume

85.7K

Previous: 95.4K-10.2%
AN & Nitric Acid Price

$308.00

Previous: $322.00-4.3%
UAN Selling Price

$221.00

Previous: $253.00-12.6%
Ammonia Selling Price

$449.00

Previous: $368.00+22.0%
Tampa Ammonia Benchmark

$564.00

Previous: $599.00-5.8%
NOLA UAN Benchmark

$230.00

Previous: $256.00-10.2%
Avg Gas Cost (Materials)

$2.45

Previous: $3.75-34.7%
Avg Gas Cost (Production)

$2.79

Previous: $3.99-30.1%
Capital Expenditures

-$28.2M

Previous: $26.5M-206.5%
Net Income

-$9.15M

Previous: -$5M-83.0%
Operating Income

-$6.75M

Previous: $3.25M-307.9%
Gross Profit

$6.05M

Previous: $12M-49.6%

Revenue & EPS history

LSB Industries · Revenue · Quarterly

$135M

Q4 2024+1.7%vs Q4 2023
Beat estimate in 7 of 13 quarters(54%)
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 continued profitable growth in 2025, driven by investments in reliability and efficiency, and expects incremental improvements quarterly, with full impact by the end of 2026. The company is also focused on long-term growth opportunities through its low-carbon product strategy.

Tailwinds

  • Stronger ammonia prices and lower natural gas costs are expected to contribute to year-over-year improvement.
  • Nitrogen fertilizer prices are currently above levels at the same point last year, reflecting balanced channel inventories, strong global urea demand, and improving corn futures prices.
  • Pryor facility achieved a monthly record for urea and UAN production in December, a direct result of turnaround and urea capacity expansion project completion.
  • Cherokee and Baytown facilities had zero recordable incidents for full-year 2024, indicating strong operational safety.
  • Targeting startup of low carbon ammonium nitrate solution production at El Dorado facility in the second half of 2026, with first off-take customer agreement in place and shipping started in early 2025.

Headwinds

  • A planned ammonia turnaround at the El Dorado facility is scheduled for the third quarter of 2025, which may impact production volumes.
  • Obtaining EPA's approval of the Class VI permit application for the El Dorado CCS project remains a primary gating item.
  • The timing of the Houston Ship Channel Project's next step (full FEED study) is dependent on ongoing conversations with potential customers regarding pricing levels for low carbon ammonia.
  • The full impact of investments in facilities is not expected until the end of 2026, meaning benefits will be incremental until then.
  • The company's ability to achieve its growth targets is subject to market conditions, raw material availability, and successful execution of capital projects.

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 Q4 2024

Historical avgQ4 2024

-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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