LSB Industries Inc. said late May 9 that its maintenance-idled Pryor, Okla., urea plant will likely be down most of the second quarter, coming up by the end of June. In March, the plant went down for unplanned maintenance and on April 25, the company determined that the urea plant reactor’s stainless steel lining was non-repairable and had to be replaced. This replacement will take most of the second quarter.
The Pryor outage was a major factor in a drop in LSB second quarter net income to $14 million ($0.61 per diluted share) on sales of $190.2 million from the year-ago $20.6 million ($0.90 per share) on sales of $177.5 million.