LSB INDUSTRIES Reports 41.8% Decrease in Revenue for Q2 of FY 2023

🌥️Earnings Overview

On July 26, 2023, LSB INDUSTRIES ($NYSE:LXU) reported total revenue of USD 165.8 million for the second quarter of fiscal year 2023, ending June 30, 2023. This is a decrease of 41.8% compared to the same period in the previous year and resulted in net income of USD 25.1 million, which is a 75.7% decrease year over year.

Analysis

GoodWhale has recently conducted an analysis of LSB INDUSTRIES‘s wellbeing and has given it a Risk Rating of medium. This rating is based on both financial and business aspects, and indicates that LSB INDUSTRIES is a suitable investment for those looking to diversify their portfolio. However, GoodWhale has detected one risk warning in the income sheet that investors should be aware of. In order to access detailed information about this risk warning, investors should register with GoodWhale to view the specific details. By doing this, investors can make an informed decision about whether or not they wish to invest in LSB INDUSTRIES. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Lsb Industries. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Lsb Industries. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Lsb Industries. More…

Key Ratios Snapshot

Some of the financial key ratios for Lsb Industries are shown below. More…

Peers

LSB Industries Inc, a chemical manufacturing company, produces and sells chemicals, including ammonia, urea ammonium nitrate, and methanol. The company’s competitors include Westlake Chemical Partners LP, Univar Solutions Inc, and AdvanSix Inc.

– Westlake Chemical Partners LP ($NYSE:WLKP)

Westlake Chemical Partners LP is a publicly traded limited partnership formed in 2014 by Westlake Chemical Corporation. The Partnership is engaged in the business of owning, operating and developing ethylene production facilities and related assets. Westlake Chemical Partners’ ethylene production facilities are located in Lake Charles, Louisiana and Longview, Texas. The Partnership’s common units trade on the New York Stock Exchange under the symbol “WLKP”.

– Univar Solutions Inc ($NYSE:UNVR)

Univar Solutions Inc is a global chemical and ingredient distributor and provider of value-added services. The company has a market cap of 4.25B as of 2022 and a Return on Equity of 21.66%. Univar Solutions Inc operates in more than 40 countries and provides products and services to customers in a variety of industries, including chemicals, pharmaceuticals, food and beverage, agriculture, construction, and personal care. The company offers a broad portfolio of products and services, including sourcing, logistics, distribution, formulation, and technical services.

– AdvanSix Inc ($NYSE:ASIX)

AdvanSix Inc is a specialty chemical company that produces and sells resins, chemicals, and intermediates. The company has a market cap of 1.02B as of 2022 and a Return on Equity of 23.64%. The company’s products are used in a variety of applications, including adhesives, coatings, insulation, and tires.

Summary

LSB Industries experienced a significant decrease in revenue and net income during the second quarter of 2023 compared to the same period in the previous year. Revenues decreased 41.8% to $165.8 million while net income dropped 75.7% to $25.1 million. These results indicate a challenging financial period for the company, and investors should carefully consider the potential risks and rewards before investing in LSB Industries. Analysts will be closely watching how the company responds to these results over the coming quarters.