LSB Cuts Losses; Pryor to Remain Down Into November

LSB Industries Inc. reported a third-quarter loss from continuing operations of $17.1 million on net sales of $92.4 million, an improvement over the year-ago loss of $39.5 million and $80.3 million, respectively.

The company announced that repairs were completed at its El Dorado, Ark., ammonia plant, and it returned to production Oct. 22. However, the company said that while fire-related repairs at its Pryor, Okla., plant are expected to be concluded this week, the company has opted to replace the process gas pre-heat system that was originally planned for the 2018 turnaround. As a result, this work will be completed by the third week of November.