LSB Industries Inc. reported a return to positive earnings for the first quarter 2014 to $11.3 million ($0.49 per dilute share) on sales of $178.5 million, compared to a year-ago loss of $368,000 ($0.02 per share) on sales of $150.7 million. The income is applicable to common stock.
Leading the way for LSB was its Chemical segment, which saw operating income increase to $28.8 million on sales of $115.2 million, compared to the year-ago loss of $3.8 million on sales of $77.5 million. LSB cited the upgrades and expansions that it is making within the Chemical business.