LSB Industries, Inc. (NYSE:LXU) Q4 2023 Earnings Conference Call March 6, 2024 10:00 AM ET
Company Participants
Fred Buonocore - Vice President of Investor Relations
Mark Behrman - Chief Executive Officer
Cheryl Maguire - Chief Financial Officer
Conference Call Participants
Josh Spector - UBS
Anthony Mercandetti - Deutsche Bank
Adam Samuelson - Goldman Sachs
Dan Rizzo - Jefferies
Andrew Rong - RBC Capital Markets
Rob McGuire - Granite Research
Operator
Greetings and welcome to the LSB Industries' Fourth Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] And as a reminder this conference is being recorded.
I'd now like turn the conference over to your host Mr. Fred Buonocore, Vice President of Investor Relations for LSB Industries. Thank you, sir. You may now begin.
Fred Buonocore
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 includes forward-looking statements. These 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.
On the call we 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.
As a reminder, we have a stockholder rights plan to protect certain tax attributes. Please see the Investors section of our website at lsbindustries.com for further important details.
At this time, I'd like to go ahead and turn the call over to Mark.
Mark Behrman
Thank you, Fred. Turning to page four of our presentation, while 2023 had its challenges particularly in the form of product selling price headwinds, when it came to aspects of our business within our control, we were very successful. This was particularly the case with our safety performance.
For the full-year of 2023, our total recordable injury rate was 0.33, a significant improvement over 2022. Protect what matters is a fundamental company core value, and I'd like to thank our employees for continuing their efforts to attain our goal zero or zero recordable injuries. We know this is possible to achieve as 2023 was the 8th consecutive year without a recordable injury for our Baytown Nitric Acid plant team. This site has continued to strive for excellence and represents a model for what we believe all of our manufacturing operations can achieve.