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LSB Industries, Inc. (NYSE:LXU), a $469 million market cap company specializing in industrial inorganic chemicals, announced today the retirement of John Burns, who previously served as Executive Vice President of Manufacturing. Burns concluded his tenure with the company on Monday, stepping down from his most recent role as Vice President of Special Projects. According to InvestingPro data, the company maintains a strong financial health score, reflecting robust operational fundamentals despite recent leadership changes.
Burns’ departure marks the end of a transition period that began with the May 2024 announcement of his retirement. During this time, he remained with LSB Industries to oversee a smooth transition of his responsibilities. The company has not yet disclosed his successor or the future structure of the manufacturing division’s leadership. While currently not profitable over the last twelve months, InvestingPro analysis indicates the company is expected to return to profitability this year.
This executive change comes as part of the natural cycle of corporate leadership turnover and is detailed in the company’s latest filing with the Securities and Exchange Commission. LSB Industries, headquartered in Oklahoma City, Oklahoma, operates within the industrial inorganic chemicals sector under the Standard Industrial Classification code 2810.
The company’s securities, including common stock and preferred stock purchase rights, are traded on the New York Stock Exchange under the symbols LXU and N/A, respectively.
Investors and stakeholders are keeping a watchful eye on LSB Industries as it navigates this leadership transition. The information regarding John Burns’ retirement is based on a press release statement from LSB Industries.
In other recent news, LSB Industries Inc. reported its fourth-quarter 2024 financial results, revealing a significant miss on earnings per share (EPS). The company posted an EPS of -$0.13, which was well below the expected $0.13. Despite this, LSB Industries exceeded revenue forecasts, reporting $134.91 million compared to the anticipated $125.33 million. The company also saw a notable increase in its adjusted EBITDA, which rose to $38 million from $25 million in the same quarter of the previous year. LSB Industries completed significant capacity expansions in urea and nitric acid storage, aligning with its strategic focus on production and safety enhancements. Looking forward, the company plans to allocate $80-$90 million for capital expenditures in 2025, with an emphasis on efficiency improvements. Analysts did not provide any upgrades or downgrades in the recent reports, but the company continues to focus on its energy transition projects. The ongoing discussions with the EPA regarding the El Dorado CCS project remain a focal point for the company as it navigates potential market changes.
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