LSB Industries (LXU) Misses Q1 EPS by 17c

LSB Industries (NYSE: LXU) reported Q1Cont. Ops. EPS of ($0.48), $0.17 worse than the analyst estimate of ($0.31). Revenue for the quarter came in at $123.3 million versus the consensus estimate of $123.82 million.

“We have made positive improvements that are reflected in our first quarter 2017 results,” stated Daniel Greenwell, LSB’s President and CEO. “As anticipated, pricing for our agricultural products, although slightly improved from the fourth quarter of 2016, remained well below prior year levels. However, our performance improved compared to the first quarter of 2016 as a result of stronger operations at our three primary chemical manufacturing facilities, enhanced by the incremental output from the new ammonia plant at El Dorado, which entered service in May of 2016.

For earnings history and earnings-related data on LSB Industries (LXU) click here.

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