LSB Industries Inc. reported a 64 percent increase in fourth-quarter Ag segment sales volumes to 233,942 st from the year-ago 142,488 st. UAN volumes were up 105 percent. However, prices were off from year-ago levels.
“Our substantial year-over-year increase in production volume more than offset the continued pricing headwinds on fertilizer sales and the pandemic-related impact on industrial and mining demand that we experienced during the quarter, said Mark Behrman, LSB President and CEO. “Despite the challenges we faced across our end markets, we still generated a 44 percent year-over-year increase in adjusted EBITDA for the period.”