Q3 Net Income More Than Doubles to $16.3M as Adjusted EBITDA Jumps 55%
LXU sits 27% above its 52-week low of $8.12.
Summary
LSB posted Q3 net income of $16.3 million, or $0.22 diluted EPS, versus $7.1 million and $0.10 a year ago. Adjusted EBITDA rose to $62.3 million from $40.1 million, a 55% jump, on net sales of $158.6 million versus $155.4 million. The quarter follows a Q2 loss of $6.2 million driven by $28.8 million in turnaround costs, so the two completed turnarounds are now translating into higher production and margins. Mix shifted toward industrial: AN and nitric acid sales rose 41% to $80.9 million while UAN fell 61% to $20.2 million, and ammonia average selling prices climbed 32% to $528 per ton. Balance sheet shows roughly $203.5 million in cash and short-term investments against $442.2 million of total debt. Management flagged the El Dorado CCS project still awaits the EPA Class VI permit, with the agency's tracker pointing to the second half of 2027 and the company arguing an earlier date is possible; the project is estimated at $25 million to $30 million of annual earnings once running. The Q3 call is October 29 at 10:00 am ET.
At the time of this announcement, LXU was trading at $10.29 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $740.9M. The 52-week trading range was $8.12 to $17.22. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.