IHS Chemical Week

People & Business :: Earnings/Finance

LSB earnings up despite production issues

12:42 PM MST | November 7, 2012 | Clay Boswell

LSB Industries (Oklahoma City) reported net income of $6.7 million for third-quarter 2012, an increase of 6% year-on-year (YOY). Sales for the quarter totaled $182.4 million, up 3.2% YOY. Operating income for the chemical segment was $7.5 million, up 6% YOY, while climate control reported a decline of 22%, to $6.8 million. The positive results come despite ongoing issues affecting the production of ammonia, sulfuric acid, and nitric acid. “Continued problems with the ammonia converter at Pryor’s main ammonia plant have prevented us from reaching...

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