LSB Industries (LXU) Reports Q1 Loss of $0.49/Share

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LSB Industries, Inc. Reports Improved Operating Results for the 2018 First Quarter

April 25, 2018 5:05 PM EDT

OKLAHOMA CITY, Okla.--(BUSINESS WIRE)-- LSB Industries, Inc. (NYSE: LXU) (LSB or the Company) today announced results for the first quarter ended March 31, 2018.

First Quarter Highlights

Net sales of $100.5 million for the first quarter of 2018, compared to adjusted net sales(1) of $102.1 million for the first quarter of 2017 ($123.3 million originally reported) which excludes $17.7 million for the comparative impact to revenue from new revenue recognition standards adopted in 2018 primarily related to the Baytown facility, that are not reflected in prior year financials, and $3.5 million from businesses sold in the second and... More