LSB Industries, Inc. Reports Operating Results for the 2020 First Quarter

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LSB Industries (LXU) Misses Q1 EPS by 23c, Revenues Miss

May 6, 2020 6:26 PM EDT

LSB Industries (NYSE: LXU) reported Q1 EPS of ($1.01), $0.23 worse than the analyst estimate of ($0.78). Revenue for the quarter came in at $83.04 million versus the consensus estimate of $87.04 million.

First Quarter 2020 Summary

Net sales of $83.4 millionNet loss of $19.5 millionAdjusted EBITDA(1) of $15.6 million, which includes an adjustment for certain legal fees of $3.3 millionEl Dorado facility achieves record ammonia production for the quarter8% increase in overall sales volumes including a 21% increase in UAN sales volumes versus the first quarter of 2019

We were pleased with the performance of our... More