LSB Industries, Inc. Reports Operating Results for the 2018 Third Quarter
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LSB Industries (LXU) Reports Q3 Loss of $1.22, Miss on Revenues
October 24, 2018 4:32 PM EDTLSB Industries (NYSE: LXU) reported Q3 EPS of ($1.22), versus $0.00 reported last year. Revenue for the quarter came in at $79.8 million versus the consensus estimate of $107.31 million.
We generated improved results relative to last year in our seasonally weakest third quarter, stated Daniel Greenwell, LSBs President and CEO. Net sales and adjusted EBITDA increased as a result of stronger pricing across our agricultural and industrial products. Excluding the costs related to turnarounds performed at two of our facilities, third quarter adjusted EBITDA was $8.7 million, and if we account for the lost absorption and lost... More
