Turnarounds Weigh on LSB

Despite higher fertilizer prices, two planned turnarounds cut production and weighed on the results of LSB Industries Inc., Oklahoma City, in the third quarter. LSB reported a loss of $26.1 million on net sales of $79.8 million, compared to a year-ago loss of $17.1 million and $74.1 million, respectively.

Adjusted EBITDA, however, was up at $8.7 million compared to the year-ago $3.5 million.