LXUHIGH SIGNALFINANCIAL10-K

LXU achieved a dramatic operational turnaround with operating income swinging from -$5.5M to $57.3M and net income moving from -$19.4M loss to $24.6M profit.

This represents a fundamental shift from unprofitable operations to strong profitability, indicating successful execution of the company's turnaround strategy. The company has effectively transitioned from operational losses to generating substantial returns, which should significantly improve investor confidence and potentially support higher valuations.

Comparing 2026-02-26 vs 2025-02-27View on EDGAR →
FINANCIAL ANALYSIS

LXU delivered exceptional financial performance with revenue growing 17.8% to $615.2M while gross profit more than doubled to $104.3M, demonstrating substantial margin expansion. The company moved from operating losses to $57.3M in operating income and achieved positive net income of $24.6M versus the prior year's $19.4M loss, while also strengthening its balance sheet through reduced current liabilities and improved working capital management. This comprehensive turnaround across profitability metrics, combined with strong cash flow generation of $95.5M, signals a successful operational transformation that should be highly attractive to investors.

FINANCIAL STATEMENT CHANGES
Operating Income
P&L
+1140.4%
-$5.5M$57.3M

Operating leverage kicking in — revenue growth outpacing cost growth, a hallmark of scaling businesses.

Net Income
P&L
+227.2%
-$19.4M$24.6M

Net income grew 227.2% — bottom-line growth signals improving overall business health.

Gross Profit
P&L
+118.2%
$47.8M$104.3M

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

Accounts Receivable
Balance Sheet
+47.6%
$38.8M$57.2M

Receivables surged 47.6% — revenue recognized but not yet collected; watch for collection issues or channel stuffing.

Inventory
Balance Sheet
-26.5%
$24.9M$18.3M

Inventory reduced 26.5% — lean inventory management or demand outpacing supply.

Share Buybacks
Cash Flow
-24.3%
$3.2M$2.4M

Buyback activity reduced 24.3% — capital being redeployed elsewhere or cash conservation underway.

Current Liabilities
Balance Sheet
-22.2%
$135.6M$105.5M

Current liabilities reduced — improved short-term financial position and working capital health.

Revenue
P&L
+17.8%
$522.4M$615.2M

Revenue growing 17.8% — solid top-line momentum, watch margins for quality of growth.

Operating Cash Flow
Cash Flow
+10.3%
$86.6M$95.5M

Operating cash flow grew 10.3% — strong conversion of earnings to cash, healthy business fundamentals.

LANGUAGE CHANGES
NEW — 2026-02-26
PRIOR — 2025-02-27
ADDED
As of February 20, 2026, the Registrant ha d 71,846,842 shar es of common stock outstanding.
Exhibits and Financial Statement Schedules 44 2 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain statements contained within this report may be deemed Forward-Looking Statements within the meaning of United States federal securities laws.
Secured Financing Agreement due 2025 - A secured financing arrangement between EDA and an affiliate of LSB Funding which was paid off in August 2025.
Turnaround - A planned shutdown of a facility or production unit to perform significant maintenance, inspections, and repairs.
Our Business Our business manufactures products for two principal markets: (a) Industrial and (b) Agricultural.
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REMOVED
As of February 21, 2025, the Registrant had 71,849,398 share s of common stock outstanding.
Exhibits and Financial Statement Schedules 47 2 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain statements contained within this report may be deemed Forward-Looking Statements.
Our Business Our business manufactures products for two principal markets: (a) Agricultural and (b) Industrial.
Our Strategy We aim to be a leader in the energy transition in the chemical industry through the production of low and no carbon products that build, feed and power the world.
Our strategy calls for further development of industrial customers who assume the volatility risk associated with the raw material costs and mitigate the effects of seasonality in the agricultural sector.
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