LSB 2Q Results Down on Lower Prices

LSB Industries Inc., Oklahoma City, reported a second-quarter net loss of $365,000 on net sales of $105 million, down from the year-ago net income of $6.6 million and $121.5 million, respectively. Adjusted EBITDA was $29.2 million, down from $32 million. The company cited lower agricultural selling prices on higher sales volumes. Industrial and mining volumes, however, were down.