LSB Industries, Inc. (NYSE:LXU) Q1 2022 Earnings Conference Call May 4, 2022 10:00 AM ET

Company Participants

Fred Buonocore - VP of IR

Mark Behrman - President, CEO & Director

Cheryl Maguire - Executive VP & CFO

Conference Call Participants

Steve Ferazani - Sidoti

Rob McGuire - Granite Research

DeForest Hinman - Walthausen & Co.

Operator

Good day, ladies and gentlemen, and welcome to this LSB Industries' First Quarter 2022 Earnings Conference Call. [Operator Instructions]

And to get us started with opening remarks and introductions, I am pleased to turn the floor over to Vice President of Investor Relations, Mr. Fred Buonocore.

Fred Buonocore

Thank you Jim. Good morning everyone. Joining me today on the call 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 wide variety of factors could cause the actual results to differ materially.

As this call will include reference to non-GAAP results, please see the press release in the Investors section of our website, http://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 are very happy to have the opportunity to speak with you today about our 2022 first quarter results.

As you can see on page 3 of our presentation, it was a great start of the year as we once again delivered a record top and bottom line performance driven by the strong pricing environment of our products that we capitalized on with solid operations and effective sales and marketing efforts. I would like to thank all of our employees from making this another excellent quarter for their strong commitment to improving and growing our business. There is no question that our results have benefited greatly by the strong pricing environment, a factor that is out of our control, but it has taken a great deal of work on the part of our team, to position us to deliver the kind of results we generated in the first quarter and to give us the favorable outlook that we have for the balance of 2022 and beyond.

Financial results do not mean much if we are not operating safely. Our primary goal as an organization day in and day out is to ensure that all of our employees and contractors return home safely every day. We are committed to providing a safe and healthy workplace for all employees and stakeholders by implementing high safety standards to minimize potential risk to people, communities, assets and the environment. Our entire team continues to work hard towards our zero incident goal. And we expect to make great progress in this regard over the balance of 2022.