LSB Industries (LXU) Reports Q3 Loss of $1.22, Miss on Revenues
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LSB Industries, Inc. Reports Operating Results for the 2018 Third Quarter
October 24, 2018 4:01 PM EDTOKLAHOMA CITY--(BUSINESS WIRE)-- LSB Industries, Inc. (NYSE: LXU) (LSB or the Company) today announced results for the third quarter ended September 30, 2018.
Third Quarter Highlights
Net sales of $79.8 million for the third quarter of 2018, compared to adjusted net sales(1) of $74.1 million for the third quarter of 2017 ($92.4 million originally reported which excludes $15.4 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 $2.9 million from businesses sold in the second and third quarters... More