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LSB sales down, earnings up on insurance recovery

1:14 PM MST | February 27, 2014 | Clay Boswell

LSB Industries (Oklahoma City) reports net income of $37.3 million for the fourth quarter of 2013, up more than three-fold year-over-year (YOY) from $11.6 million. Earnings per share totaled $1.58. Net sales fell 16% YOY, to $149 million, mainly the result of unplanned downtime at the company’s Pryor, OK, ammonia plant....

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