LSB Industries, Inc.

Hello, and welcome to the LSB Industries First Quarter 2024 Earnings Conference Call. If anyone should require operator assistance, please press star zero on your telephone keypad. A question and answer session will follow the formal presentation. You may be placed into question queue at any time by pressing star one on your telephone keypad. We ask you please limit yourselves to one question and one follow-up. As a reminder, this conference is being recorded. It's now my pleasure to turn the call over to Fred Bornacourt, Vice President, Investor Relations. Fred, please go ahead.

Good morning, everyone. Joining me today are Mark Bierman, our Chief Executive Officer, and Cheryl McGuire, our Chief Financial Officer. Also joining us today is Damian 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 investor 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. Thank you, Fred.

Turning to page four of our presentation, first quarter results were in line with our expectations. Pricing was down year over year, but this was offset somewhat by stronger sales volumes and lower natural gas costs. We continued to generate positive free cash flow in the first quarter and used our strong cash position to repurchase our stock, returning capital to our shareholders. We also reduced our debt by repurchasing notes during the quarter, further de-risking our balance sheet. We continued to selectively repurchase our stock and notes post the first quarter, and we'll seek opportunities to further both of those efforts. Lastly, on the low-carbon ammonia initiatives, Our two projects remain on track with the timelines that we discussed back in March, and I'll provide more color on these later in the call. Now I'm pleased to turn the call over to Damian Renwick, our Chief Commercial Officer, who will discuss the current market dynamics and pricing trends. Damian? Thanks, Mark, and good morning, everyone.