LSB Industries, Inc. Reports Improved Operating Results for the 2018 First Quarter
LSB Industries, Inc. (LXU)
Last lsb industries, inc. earnings: 2/24 04:05 pm
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investors.lsbindustries.com
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Source: Business Wire
OKLAHOMA CITY, Okla.--(BUSINESS WIRE)-- LSB Industries, Inc. (NYSE:LXU) (“LSB” or the “Company”) today announced results for the first quarter ended March 31, 2018. First Quarter Highlights Net sales of $100.5 million for the first quarter of 2018, compared to adjusted net sales(1) of $102.1 million for the first quarter of 2017 ($123.3 million originally reported) which excludes $17.7 million for the comparative impact to revenue from new revenue recognition standards adopted in 2018 primarily related to the Baytown facility, that are not reflected in prior year financials, and $3.5 million from businesses sold in the second and third quarters of 2017 Net loss of $5.6 million for the first quarter of 2018, an improvement of $0.4 million from a loss of $6.0 million for the first quarter of 2017 Adjusted EBITDA(1) of $21.7 million for the first q
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