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LSB Industries’ chemical segment reports 1Q loss on downtime

9:01 AM MDT | May 7, 2013 | Clay Boswell

Mishaps and mechanical problems from 2012 exacted a heavy cost on the first quarter results of LSB Industries’ (Oklahoma City, OK) chemical business. On Monday the company reported a first quarter operating loss of $3.8 million, down 119% year-over-year (YOY) from $20.3 million, and sales of $77.5 million, down 38% YOY from $124.4 million. Sales of agricultural products fell $27.8 million, said LSB. Sales of industrial acids and other products fell $11.8 million, and sales of mining products fell $8.9 million. “The past two quarters have been...

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