LSB INDUSTRIES, INC.

Listed Company

LXUCIK 0000060714NYSEAcceleratedIndustrial Inorganic ChemicalsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$615.21M

Net Income

$24.61M

Total Assets

$1.17B

Equity

$519.97M

Shares Out

71.92M

Op. Cash Flow

$95.52M

Business

LSB INDUSTRIES, INC. manufactures and markets nitrogen-based chemicals and related products for agricultural and industrial markets and operates multiple production facilities, including a contract-operated nitric acid unit. Its primary products include ammonia, urea ammonium nitrate (UAN), ammonium nitrate, nitric acid and other acid blends and specialty chemical services. The company’s business is organized into two principal segments: Agricultural and Industrial, balancing spot and forward fertilizer sales with contract-based industrial customers. Products are sold through distributors and directly to farmers, fertilizer dealers and industrial users across the United States and parts of Canada, using pipeline, rail, barge and truck distribution.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	615	522	594	902	556
Cost of sales	511	475	507	553	417
Gross profit	104	48	86	348	139
Selling, general and administrative expense	42	42	37	39	38
Other expense (income), net	6	12	−2	561,000	−97,000
Operating income (loss)	57	−6	52	308	101
Interest expense, net	31	34	41	47	49
Loss (gain) on extinguishments of debt	52,000	−3	−9	113,000	10
Non-operating income, net	−6	−11	−15	−8	2
Income (loss) before provision (benefit) for income taxes	33	−26	34	270	39
Provision (benefit) for income taxes	8	−7	6	39	−5
Net income (loss)	25	−19	28	230	44
Net income (loss) (per share)	0.34	−0.27	0.37	2.72	−4.4
Net income (loss) (per share)	0.34	−0.27	0.37	2.68	−4.4

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	20	20	99	64	82
Short-term investments	129	164	207	331	—
Accounts receivable	58	39	41	75	87
Allowance for doubtful accounts	−401,000	−323,000	−364,000	−699,000	−474,000
Accounts receivable, net	57	39	40	75	86
Finished goods	17	22	26	29	15
Raw materials	2	3	2	2	2
Total inventories	18	25	28	31	17
Prepaid insurance	13	14	15	17	14
Precious metals	15	12	12	13	15
Supplies	33	32	30	28	27
Other	5	4	2	8	2
Total supplies, prepaid items and other	66	62	60	67	58
Assets held for sale	3	—	—	—	—
Total current assets	293	310	437	567	243
Property, plant and equipment, net	834	848	835	849	858
Operating lease assets	46	29	25	23	27
Intangible and other assets, net	1	1	1	2	4
Total other assets	47	30	26	25	31
Total assets	1,174	1,187	1,298	1,440	1,133
Accounts payable	65	82	68	78	49
Short-term financing	11	12	13	16	13
Accrued and other liabilities	30	32	31	38	33
Current portion of long-term debt	760,000	9	6	10	9
Total current liabilities	106	136	119	142	105
Long-term debt, net	440	476	576	703	518
Noncurrent operating lease liabilities	38	21	16	15	20
Other noncurrent accrued liabilities	535,000	456,000	523,000	—	—
Deferred income taxes	70	62	69	63	27
Commitments and contingencies (Note 7)	—	—	—	—	—
Common stock, $.10 par value per share; 150 million shares authorized, 91.2 million shares issued	9	9	9	9	9
Capital in excess of par value	507	505	501	497	493
Retained earnings	232	208	227	199	−31
Total stockholders' equity	748	721	737	705	471
Common stock, 19.5 million shares (19.5 million shares at December 31, 2024)	228	230	219	190	11
Total stockholders' equity	520	492	518	516	460
Total liabilities and stockholders' equity	1,174	1,187	1,298	1,440	1,133

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income (loss)	25	−19	28	230	44
Deferred income taxes	8	−7	5	37	−4
Depreciation and amortization of property, plant and equipment	82	74	69	67	69
Write-downs of property, plant and equipment	6	12	4	1	—
Stock-based compensation	7	7	5	4	6
Amortization of short-term investments	525,000	4	−2	−3	—
Amortization of debt issuance costs, including discounts and premiums	2	2	2	2	6
Other	490,000	789,000	−164,000	−1	3
Accounts receivable, net	−19	2	35	10	−43
Inventories	6	3	3	−14	3
Supplies, prepaid items and other	−6	−1	6	−9	−9
Accounts payable	−15	13	−198,000	19	932,000
Other assets and other liabilities	−1	190,000	−8	3	4
Net cash provided by operating activities	96	87	138	346	88
Expenditures for property, plant and equipment	−77	−92	−68	−46	−35
Proceeds from short-term investments	285	310	390	159	—
Purchases of short-term investments	−251	−271	−264	−486	—
Other investing activities	620,000	−203,000	−405,000	3	434,000
Net cash (used) provided by investing activities	−42	−53	57	−370	−35
Proceeds from revolving debt facility	100,000	0	0	—	—
Payments on revolving debt facility	−100,000	0	0	—	—
Repurchases of 6.25% senior secured notes	−40	−92	−114	—	−435
Payments on other long-term debt	−9	−6	−10	−14	−10
Payments of debt-related costs, including extinguishment costs	0	−705,000	−94,000	−5	−27
Proceeds from short-term financing	14	16	18	20	17
Payments on short-term financing	−16	−17	−21	−17	−18
Acquisition of treasury stock, net	−2	−12	−28	−175	—
Taxes paid on equity awards	−1	−2	−3	−4	−4
Net cash (used) provided by financing activities	−54	−114	−158	6	13
Net (decrease) increase in cash, cash equivalents and restricted cash	−719,000	−81	37	−18	66

Filings

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