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Lsb Industries (LXU)
NYSE:LXU
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.11Last Year’s EPS
-$0.07Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: -9.14%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
The earnings call highlights significant improvements in safety, operational performance, and financial metrics, with promising expansions and progress in low-carbon initiatives. However, these positives are somewhat offset by the reported GAAP loss, decline in sales volumes, and the impact of turnaround expenses. Overall, the sentiment leans towards a positive outlook with strong strategic positioning and growth potential.Company Guidance
During the LSB Industries Q3 2024 earnings call, the company provided guidance on several key metrics and future expectations. Adjusted EBITDA for the third quarter was reported at $17 million, a significant improvement from the previous year despite incurring $16 million in turnaround expenses. The company's Pryor facility turnaround led to an expected increase in production volume, particularly a 75,000-ton annual increase in UAN, representing a 20% rise. Additionally, LSB completed the construction of 5,000 tons of nitric acid storage at its El Dorado facility to optimize sales mix and margins. For Q4 2024, they anticipate stronger sales volumes of UAN, AN, and nitric acid, driven by operational improvements and the urea expansion. Natural gas costs averaged approximately $2.60 per MMBtu, aiding profitability, and the company projected a solid year-over-year increase in EBITDA after adjustments for planned maintenance activities. Looking ahead, LSB is focused on low-carbon ammonia projects, with the El Dorado CCS project expected to commence production in 2026, contingent on permit approvals. The company reiterated its strategy to secure long-term offtake agreements to support project financing and emphasized the potential growth from low-carbon initiatives and improved production volumes over the next 24 months.Improved Safety and Operational Performance
Completed a major turnaround at the Pryor facility without any injuries, leading to anticipated increased production volume and reliability.
Significant EBITDA Growth
Adjusted EBITDA improved significantly year-over-year to $17 million despite turnaround expenses.
Expansion and Operational Improvements
Expanded urea plant at Pryor for an additional 75,000 tons per year of UAN, a 20% annual increase. Construction of additional 5,000 tons of nitric acid storage at El Dorado facility completed.
Stable Industrial Market Outlook
Consistent demand and attractive margins in North American industrial markets with potential for increased demand due to easing interest rates.
Positive Market Dynamics for Nitrogen Products
Increased ammonia benchmark prices due to global supply constraints and disruptions; anticipated pent-up demand for UAN in 2025.
Strong Balance Sheet and Cash Position
Cash remains healthy at approximately $200 million with net leverage at 2.5x.
Progress in Low-Carbon Projects
El Dorado CCS project remains on track for 2026, with first offtake customer announced for low-carbon ammonium nitrate solution.
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LXU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LXU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $8.42 | $8.18 | -2.85% |
| Jul 31, 2024 | $9.11 | $9.36 | +2.74% |
| Apr 29, 2024 | $8.22 | $9.30 | +13.14% |
| Mar 05, 2024 | $7.14 | $7.31 | +2.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lsb Industries (LXU) report earnings?
Lsb Industries (LXU) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Lsb Industries (LXU) earnings time?
Lsb Industries (LXU) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LXU EPS forecast?
LXU EPS forecast for the fiscal quarter 2024 (Q4) is $0.11.
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