LSB Industries Inc., Oklahoma City, reported fourth-quarter income of $914,000 ($0.26 per diluted share) on sales of $88.9 million, up from the year-ago loss of $21.5 million ($1.06 per share) and $85.4 million, respectively.
LSB Industries Inc. said better pricing, increased production at its El Dorado plant and improved demand for mining products in the fourth-quarter, was offset somewhat by downtime at the Pryor plant. So far in 2018, LSB reports higher prices for most of its products.
LSB posted a full-year loss of $29.2 million ($2.18 per share) on sales of $427.5 million, compared to 2016’s net income of $112.2 million ($2.54 per share) and $374.6 million, respectively. Much of the year-ago income came from discontinued operations.