LSB Industries, Inc.

Greetings, and welcome to the LSB Industries first quarter 2025 earnings conference call. At this time, all participants are in listen-only mode. 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, and we ask you please ask one question, one follow-up, then return to the queue. As a reminder, this conference is being recorded. It's now my pleasure to introduce your host, Fred Bonacore, Vice President, Investor Relations. Fred, please go ahead.

Good morning, everyone. Joining me today are Mark Behrman, 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 the actual results to differ materially. For more information about these risks and uncertainties that could cause actual results to differ materially from those projected or implied by forward-looking statements, please see the risk factors set forth in the company's most recent annual report on Form 10-K. On the call, we will reference non-GAAP results. Please see the press release posted yesterday in the investor 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, and good morning, everyone.

The global economy has a lot of moving parts right now. not the least of which is the impact that U.S. tariffs could have in our business. While we don't anticipate a big impact to our business, it has created a lot of uncertainty for both planned spending and potential capital projects. We'll provide more color on this later in our comments. Turning our attention to the first quarter, on page four of our presentation, we highlight some achievements during the quarter. Overall sales volumes improved 4% quarter over quarter, driven by solid improvement in sales volumes for ammonium nitrate and UAN. These gains are the result of higher ammonia production and better performance by our upgrading plants. We're pleased that the work to improve the reliability and efficiency of our facilities is yielding results, and we expect to see continued improvement as 2025 progresses. Not only did we increase our production and sales volumes during the first quarter, but we did so with zero recordable injuries across the organization. Congratulations to the entire team for embracing our Protect What Matters core value in demonstrating that our goal zero is achievable. Lastly, we continue to make progress with our decarbonization project at our El Dorado facility, 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.