LSB Industries, Inc. (NYSE:LXU) Q3 2024 Earnings Conference Call October 30, 2024 10:00 AM ET
Company Participants
Fred Buonocore - Vice President, Investor Relations
Mark Behrman - Chairman & Chief Executive Officer
Damien Renwick - Chief Commercial Officer
Cheryl Maguire - Chief Financial Officer
Conference Call Participants
Josh Spector - UBS
Andrew Wong - RBC Capital Markets
Laurence Alexander - Jefferies
Rob McGuire - Granite Research
David Begleiter - Deutsche Bank
Charles Neivert - Piper Sandler
Peter Gastreich - Water Tower Research
Operator
Greetings, and welcome to the LSB Industries Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce Fred Buonocore, Vice President of Investor Relations. Please go ahead.
Fred Buonocore
Good morning, everyone. Joining me today are Mark Behrman, our Chairman and Chief Executive Officer; Cheryl Maguire, our Chief Financial Officer; and Damien Renwick, our Chief Commercial 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 reference 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 LSB Industries 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 4 of our presentation. We had an excellent safety performance in the third quarter. During the third quarter, we completed a major turnaround on our prior facility and kudos to the team as it was performed injury-free. Protect what matters is our most important corporate value, because what matters most to us is keeping our team members safe.
In terms of our third quarter financial performance, our adjusted EBITDA improved significantly year-over-year despite performing a turnaround this year versus none in last year's third quarter. During the third quarter, we continued to invest in our Pryor facility. We completed a major turnaround that included many improvements to our plants.