Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of LSB Industries (NYSE: LXU), a manufacturer of geothermal and water source heat pumps and chemicals, were boiling higher by as much as 12.7% earlier in the trading session after the company reported better-than-expected, first-quarter results.

So what: For the quarter, LSB dazzled analysts with a profit of $0.61 on a 7% rise in revenue to $190 million. These results easily sailed past Wall Street's expectations for $187 million in sales and a profit of $0.48. Despite its Pryor chemical plant suffering through down time, and the construction industry not being very conducive to strong geothermal pump sales, LSB commented that it sees robust growth prospects in both segments throughout the remainder of the year, which will be aided by low natural gas prices (benefiting its chemicals segment serving the agricultural industry) and new geothermal products.

Now what: You know me, I'm very skeptical when it comes to anything related to the homebuilding industry. But, in this case I'm all optimistic. LSB Industries has extremely stable cash flow from its chemical business and is trading at just seven times forward earnings -- a discount to its historical average. If it can indeed capitalize on its new technologies as well as low material prices, then margins should improve and growth could reaccelerate. I could see LSB going much higher than its current levels.

Craving more input? Start by adding LSB Industries to your free and personalized watchlist so you can keep up on the latest news with the company.