IHS Chemical Week

People & Business :: Earnings/Finance

LSB Industries posts higher net income

9:22 AM MST | November 6, 2013 | Rebecca Coons

LSB Industries reports third-quarter net income increased 53.0% year-on-year (YOY), mostly because of production issues in the 2012 quarter, while sales fell 3% YOY, to $177.4 million. Jack Golsen, LSB’s board chairman and CEO, says the results “fell short” of the company’s expectations heading into the quarter. LSB’s chemical business reports operating income of $17.7 million compared with $7.5 million in the year-ago quarter. The increase was due to the return to production of the company's Pryor, OK, and Cherokee, AL, facilities...

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