LSB Industries, Inc. (LXU) saw a push of 6.56% in the aftermarket. However, the last trading session closed at $9.76 with a decline of 3.65%.
Sidoti Microcap Virtual Conference – What is it?
On 5th November 2021, it was announced that Sidoti & Company, LLC has revised the primary data for its two-day Microcap Virtual Conference. Moreover, the conference will take place on December 8 – 9, 2021. Over 70 microcap companies are expected to attend. Sidoti events attract both client and non-client organizations, family offices, high net worth individuals, and retail investors of all sizes.
Third Quarter Operating Results 2021 – What’s new?
LXU released third-quarter results 2021 on 1st November 2021. The net sales recorded were $127.2 million, $74.0 million more than the previous quarter. Moreover, the company’s total liquidity came out to be $81.1 million. Not only this, but the company also completed an exchange deal that converted existing preferred stock into common stock. This resulted in a credit rating increase, debt refinancing, and a significant cost of capital decrease.
How’s the LXU’s quarter been?
In the third quarter of 2021, despite a lengthy turnaround at the Cherokee factory, LXU achieved strong year-over-year growth in both the top and bottom lines. In addition, the chemical business saw a 72 percent gain in net sales and a nearly 270 percent increase in adjusted EBITDA over the same period last year.
This helped the company to set a new third-quarter record. These excellent results reflect ongoing strong demand and price trends for both agricultural and industrial goods, as well as steady facility performance and the operating efficiency inherent in the business model.
About LXU
LSB Industries, Inc., based in Oklahoma City, produces and distributes chemicals for the agricultural, mining, and industrial sectors. The corporation owns and runs plants in Cherokee, Alabama, El Dorado, Arkansas, and Pryor, Oklahoma, as well as a site in Baytown, Texas, that serves a worldwide chemical industry.
LSB Industries has assembled an amazing leadership team of visionaries. They share the same goal with our other 600+ team members: to manage a best-in-class chemical manufacturing firm while adhering to our core principles of Protect What Matters, Make It Better, Integrity Without Compromise, and Be One Team.
