LSB Industries appoints new board member

OKLAHOMA CITY - LSB Industries, Inc. (NYSE: LXU), a producer of chemical products for the agricultural and industrial sectors with a market capitalization of $364 million, has announced the addition of Riccardo Bertocco as an independent member of its Board of Directors, effective April 9, 2025. The company's stock, currently trading at $5.07, is near its 52-week low of $4.88, though InvestingPro analysis suggests the stock is undervalued at current levels. Bertocco will be presented for election by the company's shareholders at the upcoming annual meeting on May 15, 2025.

With over 25 years of management consulting experience, Bertocco has partnered with senior executives across various industries, including oil and gas, utilities, and technology. His expertise lies in strategic issues like energy transition and operational optimization. His recent tenure as Managing Director and Partner at Boston Consulting Group, where he focused on Power and Utilities, particularly in Energy Transition, Low Carbon Fuels, and Renewables, is expected to benefit LSB Industries as they explore opportunities in these areas.

Bertocco's educational background includes a B.S. in Business Administration from Bocconi University and an M.B.A. from The Wharton School of the University of Pennsylvania. His written works address the evolution of U.S. midstream infrastructure and decarbonization pathways.

Mark Behrman, LSB's Chairman & Chief Executive Officer, expressed confidence that Bertocco's renewable energy and low carbon product expertise will be valuable as the company evaluates potential markets. Bertocco's experience in guiding companies toward operational excellence and growth is also anticipated to support LSB's profitability and shareholder value initiatives.

In the same announcement, LSB Industries disclosed that Richard Sanders has decided not to seek re-election at the annual meeting, with his term concluding on May 15, 2025. Sanders has been a board member since 2014 and played a significant role in the company's operational and financial transformation. Behrman thanked him for his service and wished him well for the future.

This move comes as LSB Industries continues its commitment to the energy transition, focusing on the production of low and no carbon products. The company operates facilities in Alabama, Arkansas, Oklahoma, and Texas, providing essential products to industrial and agricultural markets, with plans to expand into energy markets. With annual revenue of $522.4 million and a healthy current ratio of 2.28, LSB maintains strong liquidity to support its growth initiatives. For deeper insights into LSB's financial health and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro, which provides detailed analysis of the company's performance metrics and future potential. This information is based on a press release statement from LSB Industries, Inc. and financial data from InvestingPro.

In other recent news, LSB Industries Inc. reported its fourth-quarter 2024 financial results, revealing a significant shortfall in earnings per share (EPS), which stood at -$0.13 compared to the expected $0.13. Despite this, the company's revenue exceeded forecasts, reaching $134.91 million against the anticipated $125.33 million. The company also highlighted a notable increase in adjusted EBITDA, which rose to $38 million from $25 million in the previous year's same quarter, showcasing improvements in operational capabilities. Additionally, LSB Industries completed significant capacity expansions and safety milestones, aligning with its strategic focus on enhancing production and safety performance.

In other developments, the company announced the retirement of John Burns, who served as Executive Vice President of Manufacturing. His departure marks the end of a transition period that began in May 2024, and the company has yet to disclose his successor. Furthermore, LSB Industries plans to allocate $80-$90 million for capital expenditures in 2025, focusing on efficiency improvements and profit optimization. Analysts have noted that the company's future outlook involves additional EBITDA contributions from its El Dorado CCS project, with expectations for fixed costs to decrease by 2026. The company continues to advance its energy transition projects and maintains ongoing discussions with the EPA regarding the El Dorado CCS project.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.