LSB 4Q Loss Grows
LSB Industries Inc., Oklahoma City, reported a fourth-quarter net loss of $27.7 million, an increase over the year-ago loss of $13 million. However, the company reported a full-year loss of $63.4 million, an improvement over 2018’s loss of $72.2 million.
“Our fourth quarter capped off a year of significant progress and challenges for LSB,” stated Mark Behrman, LSB President and CEO. “Net sales and adjusted EBITDA were down relative to the same quarter last year due to weaker selling prices for both our agricultural and industrial products as well as lower overall sales volumes resulting primarily from an extensive planned turnaround at our Pryor facility and several unplanned outages, partially offset by lower natural gas prices.”