LSB Industries, Inc. Reports Operating Results for the 2018 Second Quarter
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LSB Industries (LXU) Reports Q2 Miss on Revenues
July 25, 2018 4:39 PM EDTLSB Industries (NYSE: LXU) reported Q2 EPS of ($1.27), versus $0.15 reported last year. Revenue for the quarter came in at $103.2 million versus the consensus estimate of $147.46 million.
Second Quarter Highlights
Net sales of $103.2 million for the second quarter of 2018, compared to adjusted net sales(1) of $105.2 million for the second quarter of 2017 ($122.9 million originally reported) which excludes $15.6 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 $2.1 million from businesses sold in the second... More