LSB Industries (LXU) Reports Q2 Miss on Revenues
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LSB Industries, Inc. Reports Operating Results for the 2018 Second Quarter
July 25, 2018 4:05 PM EDTOKLAHOMA CITY--(BUSINESS WIRE)-- LSB Industries, Inc. (NYSE: LXU) (LSB or the Company) today announced results for the second quarter ended June 30, 2018.
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 and third quarters... More