LXU LSB INDUSTRIES, INC.
Price Chart
Executive Summary
LSB Industries filed an S-3 registration statement to register 10,374,334 shares of common stock for resale by TLB-LSB, LLC, an entity controlled by Todd L. Boehly. The company will not receive any proceeds from the sale. This filing fulfills contractual registration rights obligations from a 2015 private placement. The company's Q1 2026 results showed a strong turnaround with net income of $19.7M vs a loss of -$1.6M YoY, and cash from operations of $51.8M vs $6.8M, indicating no immediate need for capital.
Actionable Insight
This is a secondary resale registration, not a primary offering — the company does not need capital. The selling stockholder (TLB-LSB/Todd Boehly) can sell gradually over time, creating potential overhang but no forced selling. Monitor for any actual sales via Form 4 filings. The strong Q1 results and cash position suggest the company is not under financial pressure, reducing the urgency for the holder to sell.
Key Facts
- S-3 registers 10,374,334 shares for resale by TLB-LSB, LLC (Todd L. Boehly entity)
- Company receives no proceeds from any sales by the selling stockholder
- Shares represent approximately 14.4% of outstanding common stock (71.9M shares as of May 12, 2026)
- Filing satisfies contractual registration rights from 2015 private placement and subsequent exchanges
- Q1 2026 net income of $19.7M vs loss of -$1.6M YoY; operating cash flow of $51.8M vs $6.8M YoY
- Cash and short-term investments of $181.7M as of March 31, 2026; total debt of $441.2M
- Stock closed at $15.44 on May 12, 2026; market cap ~$1.1B
Financial Impact
Up to 10.37M shares registered for resale, representing ~14.4% of outstanding shares at ~$15.44/share = ~$160M at current market price. No new capital raised for the company.
Risk Factors
- Potential overhang from up to 10.37M shares eligible for resale (~14.4% of outstanding)
- Todd Boehly entity could sell shares over time, creating gradual selling pressure
- No lock-up or volume restrictions in the registration statement
- If the selling stockholder uses an underwriter, accelerated selling could pressure the stock
Market Snapshot
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| S-3 Filing (Primary) | 0001193125-26-224303 |
| Document: d334636dexfilingfees.htm | 0001193125-26-224303 |
| Document: d334636dex51.htm | 0001193125-26-224303 |
| Document: d334636dex231.htm | 0001193125-26-224303 |
| Document: 0001193125-26-224303-index-headers.html | 0001193125-26-224303 |
| Document: 0001193125-26-224303-index.html | 0001193125-26-224303 |
| Document: 0001193125-26-224303.txt | 0001193125-26-224303 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 1, 2026
8d ago
|
8-K
| $13.06 $12.81 | ▼ −1.91% | ▼ −1.19% | $12.18 (−6.74%) |
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May 22, 2026
19d ago
|
EFFECT
| $13.04 $13.36 | ▲ +2.45% | ▲ +1.87% | $12.18 (−6.60%) |
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May 21, 2026
19d ago
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8-K
| $13.04 $13.36 | ▲ +2.45% | ▲ +1.87% | $12.18 (−6.60%) |
|
May 14, 2026
26d ago
|
S-3
| $14.50 $13.88 | ▼ −4.28% | ▼ −4.21% | $12.18 (−16.00%) |
|
May 14, 2026
26d ago
|
S-3ASR
| $14.50 $13.88 | ▼ −4.28% | ▼ −4.21% | $12.18 (−16.00%) |
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Apr 27, 2026
6w ago
|
8-K
| $14.85 $15.18 | ▲ +2.22% | ▲ +2.23% | $12.18 (−17.98%) |
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Apr 15, 2026
7w ago
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DEFA14A
| $14.15 $14.99 | ▲ +5.94% | ▲ +5.68% | $12.18 (−13.92%) |
|
Apr 7, 2026
9w ago
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8-K
| $14.76 $13.49 | ▼ −8.60% | ▼ −9.18% | $12.18 (−17.48%) |
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Apr 3, 2026
9w ago
|
8-K
| $15.00 $14.43 | ▼ −3.80% | ▼ −3.86% | $12.18 (−18.80%) |
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Feb 26, 2026
14w ago
|
Insider Cluster
| $11.54 $11.62 | ▼ −0.69% | ▼ −1.15% | $12.18 (−5.55%) |
US Market Status
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