LXU - LSB Industries posts easy Q4 earnings beat sees strong demand for ag products

LSB Industries (NYSE:LXU) +3.5% post-market after easily beating Q4 adjusted earnings estimates and saying it expects demand for agricultural products will "remain robust in 2022 after a very strong 2021." The producer of ag chemicals said it achieves the all-time highest quarterly and full-year adjusted EBITDA in the company's history, $90.1M and $191M, respectively; LSB's adjusted EBITDA was $10.4M in Q4 2020 and $65.5M in FY 2020. Q4 net sales by sector: Agricultural +145% Y/Y to $101.9M, driven by stronger pricing for UAN, HDAN and ammonia; Industrial +94% to $69.7M; Mining +63% to $18.5M. Q4 average selling prices for UAN +189% Y/Y to $382/ton, HDAN +176% to $439/ton, and ammonia +260% to $757/ton. LSB said corn futures indicate corn prices should remain ~$6 per bushel well into this year, supported by U.S. ethanol demand which has climbed near pre-pandemic levels and dry conditions in South America and the western U.S., which have

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LSB Industries posts easy Q4 earnings beat, sees strong demand for ag products