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LXU: COVID-19 Slump Expected to Give Way to Stronger 2021
LSB Industries, Inc. reported financial results for the quarter ended September 30, 2020 reflecting strong production volumes but weak product price realization. While there are signs of price recovery, GVRC…
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LXU: LSB Executing as Expected with New Nitric Acid Contract
On October 8, 2020, LSB Industries, Inc. (“LSB”) announced a new nitric acid supply contract with a customer for a term of seven years. Under the contract, LSB will supply…
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LXU: 2020 Earnings Challenged by Outlook for EBITDA Growth Remains Positive
FQ2 2020 product pricing was lower than expected, but product sales volumes remained robust. While the COVID-19 pandemic muted demand for certain products, GVRC expects demand to recover as economic…
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LXU: Q1 Results In Line with Expectations as High Onstream Rates Continue
LSB Industries, Inc. reported financial results for the quarter ended March 31, 2020 largely in line with expectations for strong sales volumes and depressed selling prices. After some consternation about…
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LXU: 2020 Expectations Tempered but Long-Term Outlook Remains Positive
LSB Industries, Inc. reported financial results for the quarter ended December 31, 2019 reflecting continued weak product pricing and low production attributable to both planned turnaround activity and unplanned downtime.…
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LXU: 2020 Outlook Intact After Slow Q3
LSB Industries, Inc. (“LSB”) reported financial results for the quarter ended September 30, 2019 (FQ3 2019) that were expectedly muted. Three primary factors contributed to these results: first, FQ3 is…
LXU: Inflection Reached After Four Quarters of Satisfactory Performance
LSB Industries, Inc. (“LSB”) manufactures and sells chemical products for use in agriculture, industrial, and mining markets. Over the past several years, low natural gas prices in the United States…
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LXU: Price Deterioration Not Supported by Fundamentals
After trading between $6.00 and $7.00 for the better part of 2019, the stock price of LSB Industries, Inc. (“LSB”) sank to a low of $3.12 on June 12, 2019.…
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LXU: Continuous, Methodical Progress
LSB Industries, Inc. (“LSB”) reported financial results for the quarter ended March 31, 2019 (FQ1 2019) that reflected a continued trend of strong operational reliability. Financial results were mixed: weak…
LXU: Operational Improvements and Firming Prices Produce Strong Results
LSB Industries, Inc. (“LSB”) reported financial results for the quarter ended December 31, 2018 (FQ4 2018) reflecting robust revenue growth primarily attributable to favorable increases in product prices as issues…
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LXU: Executive Changes No Cause for Concern
On January 2, 2019, LSB Industries, Inc. (“LSB”) announced that CEO Dan Greenwell, whose three-year employment agreement terminated on December 31, 2018, elected not to enter into a new employment…
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LXU: Investor Day Reinforces Confidence
LSB Industries, Inc. (“LSB”) held an investor day at its facility in El Dorado, Arkansas on November 8, 2018. Global Value Research Company (GVRC) was in attendance and believes that…
LXU: Focus Produces Strong Results
LSB Industries, Inc. (“LSB”) reported financial results for the quarter ended September 30, 2018 reflecting substantial progress in improving operational reliability and efficiency at the company’s chemical plants as well…
GIFI: CFO David Schorlemer Resigns, Outlook Unchanged
Gulf Island Fabrication, Inc. announced after trading hours on August 14, 2018, that CFO David Schorlemer had tendered his resignation, effective August 15, 2018. Gulf Island Fabrication, Inc. Research Note…
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LXU: Back in Focus – Recent Changes at LSB Industries are Cause for Optimism
Ongoing operational issues, disappointing on-stream rates, and cyclical market dynamics have contributed to under-performance of LSB Industries, Inc.’s common stock. However, Global Value Research Company (GVRC) believes a turnaround is…
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GIFI: Evidence of Inflection Suggests Attractive Entry Point
Gulf Island Fabrication, Inc.’s operating results for the quarter ended March 31, 2018 showed modest but encouraging revenue growth that suggests the company’s multi‐year restructuring efforts are beginning to bear…
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GIFI: South Texas Yard Sale Closes, Net Proceeds $52.7 Million
Gulf Island Fabrication, Inc. (“Gulf Island”) announced the completion of the sale of its South Texas fabrication yard in Ingleside, Texas to Buckeye Partners, L.P. (“Buckeye”) on April 20, 2018.…
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AUTO: Operating Loss, Management Changes Spook Market
AutoWeb, Inc. delivered operating results for the quarter ended December 31, 2017 that were grossly out of line with market expectations, leading to a drastic one-day decline in the price…
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GIFI: Short-Term Liquidity Crunch Clouds Long-Term Potential
Gulf Island Fabrication, Inc. is a leading fabricator of complex offshore steel structures, marine vessels and onshore petrochemical and industrial facility components. The steep decline in the price of oil…
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BRS: With Recovery Well Underway, Stock Remains Sharply Discounted
Bristow Group Inc. delivered operating results for the quarter ended December 31, 2017 commensurate with a depressed but improving macroeconomic environment. While low levels of offshore oil and gas exploration…
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