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LSB Industries (LXU)

LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma, manufactures and sells chemical products for the agricultural, mining, and industrial markets. The Company owns and operates facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma, and operates a facility for a global chemical company in Baytown, Texas. LSB's products are sold through distributors and directly to end customers throughout the United States.

Company profile

Ticker
LXU
Exchange
CEO
Daniel Greenwell
Employees
Incorporated
Location
Fiscal year end
Former names
LSB INDUSTRIES INC
SEC CIK
Subsidiaries
LSB Chemical L.L.C. • Cherokee Nitrogen L.L.C. • El Dorado Chemical Company • EDC Ag Products Company L.L.C. • Chemex I Corp. • El Dorado Ammonia L.L.C. • El Dorado Nitrogen L.L.C. • Pryor Chemical Company • TRISON Construction, Inc. ...
IRS number
731015226

LXU stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

28 Jul 22
20 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 125.23M 125.23M 125.23M 125.23M 125.23M 125.23M
Cash burn (monthly) 43.02M (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 72.53M n/a n/a n/a n/a n/a
Cash remaining 52.7M n/a n/a n/a n/a n/a
Runway (months of cash) 1.2 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
16 Aug 22 LSB Funding Common Stock Sell Dispose S No No 12.3175 600,000 7.39M 17,650,000
16 Aug 22 SBT Investors Common Stock Sell Dispose S No No 12.3175 600,000 7.39M 17,453,398
15 Aug 22 LSB Funding Common Stock Sell Dispose S No No 12.3175 6,750,000 83.14M 18,250,000
15 Aug 22 SBT Investors Common Stock Sell Dispose S No No 12.3175 6,750,000 83.14M 18,053,398
10 Aug 22 LSB Funding Common Stock Other Dispose J No No 0 29,356,127 0 25,000,000
4 Feb 22 John Burns Common Stock Payment of exercise Dispose F No No 10.9 6,777 73.87K 206,127
4 Feb 22 John Burns Common Stock Payment of exercise Dispose F No No 10.9 3,286 35.82K 212,904
0.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 116 112 +3.6%
Opened positions 35 41 -14.6%
Closed positions 31 12 +158.3%
Increased positions 43 34 +26.5%
Reduced positions 26 23 +13.0%
13F shares Current Prev Q Change
Total value 1.75B 2.3B -23.7%
Total shares 133.33M 130.58M +2.1%
Total puts 53.5K 280.9K -81.0%
Total calls 418.8K 758.3K -44.8%
Total put/call ratio 0.1 0.4 -65.5%
Largest owners Shares Value Change
Security Benefit Life Insurance 54.36M $753.38M 0.0%
LSB Funding 54.36M $676.19M 0.0%
Steven Golsen 3.14M $27.26M 0.0%
BLK Blackrock 2.14M $29.7M +189.3%
Gendell Jeffrey L 1.92M $26.64M -13.3%
Vanguard 1.72M $23.89M +24.9%
Robert Robotti 1.69M $23.42M +3.0%
Millennium Management 1.51M $20.92M +21.7%
Dimensional Fund Advisors 1.51M $20.89M +8.5%
Renaissance Technologies 1.4M $19.44M +23.8%
Largest transactions Shares Bought/sold Change
BLK Blackrock 2.14M +1.4M +189.3%
Royce & Associates 322.01K -540K -62.6%
STT State Street 539.95K +434.39K +411.5%
Vanguard 1.72M +343.26K +24.9%
Gendell Jeffrey L 1.92M -295.11K -13.3%
Renaissance Technologies 1.4M +270.11K +23.8%
Millennium Management 1.51M +269.31K +21.7%
Geode Capital Management 521.7K +267.32K +105.1%
D. E. Shaw & Co. 260.45K -244.84K -48.5%
EAM Investors 0 -233.41K EXIT

Financial report summary

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Risks
  • The age of our chemical manufacturing facilities increases the risk for unplanned downtime, which may be significant.
  • LSB is a holding company and depends, in large part, on receiving funds from its subsidiaries to fund our indebtedness.
  • Pandemics or disease outbreaks, such as COVID-19, have and may in the future disrupt our business, which could adversely affect our financial performance.
  • Terrorist attacks and other acts of violence or war, and natural disasters (such as hurricanes, etc.), have negatively affected and could negatively affect U.S. and foreign companies, the financial markets, the industries where we operate, our operations and our profitability.
  • A major factor underlying the current high level of demand for our nitrogen-based fertilizer products is the production of ethanol. A decrease in ethanol production or an increase in ethanol imports could have a material adverse effect on our results of operations, financial condition and ability to make cash distributions.
  • Weather conditions adversely affect our business.
  • Our business and customers are sensitive to adverse economic cycles.
  • There is intense competition in the markets we serve.
  • Cost and the lack of availability of raw materials could materially affect our profitability and liquidity.
  • Our operations and the production and handling of our products involve significant risks and hazards.
  • Current and future legislative or regulatory requirements affecting our business may result in increased costs and decreased revenues, cash flows and liquidity or could have other negative effects on our business.
  • We may not have adequate insurance.
  • We may be required to modify or expand our operating, sales and reporting procedures and to install additional equipment in order to comply with current and possible future government regulations.
  • Despite our current levels of debt, we may still incur more debt ranking senior or equal in right of payment with our existing obligations, including secured debt, which would increase the risks described herein.
  • Loss of key personnel could negatively affect our business.
  • We are subject to collective bargaining agreements with certain employees.
  • We have not paid cash dividends on our outstanding common stock in many years.
  • Future issuances or potential issuances of our common stock or preferred stock could adversely affect the price of our common stock and our ability to raise funds in new stock offerings and could dilute the percentage ownership or voting power of our common stockholders.
  • Deterioration of global market and economic conditions could have a material adverse effect on our business, financial condition, results of operations and cash flow.
Management Discussion
  • Our consolidated net sales for the second quarter of 2022 were $284.8 million compared to $140.7 million for the same period in 2021. Our consolidated operating income for the second quarter of 2022 was $132.7 million compared to $26.5 million for the same period in 2021. The items impacting our operating results are discussed in more detail below and under “Results of Operations.”

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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