Q1 2020 Earnings Call

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Please reference the press release in the investors section of our website LSB Industries. For further information regarding forward-looking statements and Reconciliation of non-gaap results to Gap results at this time. I'd like to go ahead and turn the call over to mark for opening remarks.

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Thank you Christine and good morning everyone. We're glad that you could participate in our call this morning and appreciate your interest in LSB Industries today. I'll discuss our response to the covid-19 crisis what we're seeing in our end markets and provide you with a sense for what a second quarter has looked like so far. Then Cheryl will review our first quarter financials discuss our current liquidity position and provides them the points for use in thinking about our second quarter expectations, and I'll come back to wrap up. I'd like to start out by thanking all of our employees for their hard work and dedication in the implementation and practice of the protocols and procedures that we put in place to ensure that LSD is able to sustain operations throughout the pandemic.

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Greetings ladies and gentlemen, and welcome to the LSB Industries first quarter 2020 conference call at this time. All participants are in a listen-only mode. A question-and-answer session will follow the formal presentation should anybody require operator assistance, please press * 0 and your telephone keypad and is now my pleasure to introduce your host Christy Carver senior vice president and Treasurer. Thank you. You may be good. Thank you Jen. Good morning to everyone.

The reference not only enabled the continuity of our operations over the course of this unprecedented period of time, but they did so safely and highly effectively in the first quarter wage. They're successful in this regard with zero recordable injuries additionally in April. Our El Dorado facility reached a new milestone for two years without a lost-time injury. I'm extremely proud of the team for these accomplishments in Jewett as a reflection of the strong safety culture. We've developed across LS be over the past several years and that we work to continuously improve.

We're also extremely pleased with the level of production achieved by our plants which led to an 8% year-over-year increase in overall sales volume. Despite Demand headwinds on both sides of our business.

Or prior facilities uan production increased almost 30% from the prior-year first quarter as a direct result of the New Year reactor. We installed and other work that was performed on a real plan during the 2019.

Q1 2020 Earnings Call

Demo

LSB Industries

Earnings

Q1 2020 Earnings Call

LXU

Thursday, May 7th, 2020 at 2:00 PM

Transcript

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