LSB Industries, Inc.

Greetings and welcome to the LSB Industries fourth quarter 2024 earnings conference call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. Should anyone require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Fred Bonicor, Vice President of Investor Relations. Thank you. You may begin.

Good morning, everyone. Joining me today are Mark Berman, our Chairman and Chief Executive Officer, Cheryl McGuire, our Chief Financial Officer, and 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 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. 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, Our adjusted EBITDA was up significantly year-over-year despite performing a planned turnaround during this year's fourth quarter versus no turnarounds last year. A key driver of the increase was the improved performance of our ammonium nitrate and nitric acid operations, both of which had strong production and sales volume increases as compared to the fourth quarter of 2023. During the fourth quarter, we continued to invest in the reliability and safety of our facilities, We completed a turnaround of the ammonia plant at our Cherokee facility that we expect to lead to increased production volumes during 2025. We are seeing the benefits of that work with daily production rates for urea and UAN at their highest levels on record. We completed that turnaround injury-free, and in fact, our Cherokee site finished 2024 with zero recordable injuries for the year. Additionally, our BATEM nitric acid facility had an injury-free year and is now on its ninth year of no recordable injuries. Big congratulations to the teams at both of these facilities for exemplifying our Protect What Matters corporate value. Lastly, we continue our efforts to advance our two energy transition projects, which I'll discuss later in the call. Now I'll turn the call over to Damian, who will review current market dynamics and pricing trends. Damian?