LSB Industries, Inc. (NYSE:LXU) Q3 2022 Earnings Conference Call November 2, 2022 10:00 AM ET
Company Participants
Fred Bonacor - IR
Mark Behrman - President, CEO & Director
Cheryl Maguire - EVP & CFO
Conference Call Participants
Joshua Spector - UBS
Vincent Anderson - Stifel, Nicolaus & Company
Charles Neivert - Piper Sandler & Co.
Roger Spitz - Bank of America Merrill Lynch
Adam Samuelson - Goldman Sachs
Rob McGuire - Granite Research
Andrew Wong - RBC Capital Markets
Operator
Good day, ladies and gentlemen, and welcome to the LSB Industries' Third Quarter 2022 Earnings Conference Call. [Operator Instructions]. At this time, it is my pleasure to turn the floor over to your host, Fred Buonocore. Sir, the floor is yours.
Fred Bonacor
Good morning, everyone. Joining me today are Mark Behrman, our Chief Executive Officer; and Cheryl Maguire, our Chief Financial Officer. Please note that today's call will include forward-looking statements, and because the statements are based on the company's current intent, expectations and projections, they are not guarantees of future performance and a variety of factors could cause the actual results to differ materially.
As this call will include references to non-GAAP results, please see the press release in the Investors section of our website, lsbindustries.com for further information regarding forward-looking statements and reconciliations of non-GAAP results to GAAP results.
At this time, I'd like to go ahead and turn the call over to Mark.
Mark Behrman
Thank you, Fred. We're happy to have the opportunity to speak with you today about our 2022 third quarter results and our outlook for the final quarter of the year. As summarized on Page 3 of our presentation, we generated strong year-over-year growth aided by continued strong pricing environment and solid execution. Notably, we delivered these favorable results despite having performed turnarounds on 2 of our facilities versus only 1 turnaround in the third quarter of last year.
The El Dorado turnaround began in mid-July and was completed in mid-August. While the Pryor turnaround began just at the Labor Day and was completed in mid-October. Successfully executing 2 turnarounds back-to-back was a substantial undertaking, and we completed them both safely. We expect improved plant performance from these activities.
I'd like to thank our teams at both facilities for their tremendous efforts. Fortunately, we have no turnaround scheduled for 2023, which would be beneficial to our 2023 production and sales volumes as compared to 2022 and 2021 and allow us to focus on the continued progression of our manufacturing capabilities and growth initiatives.