LSB Industries, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023 at 04:24 pm EDT
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LSB Industries, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 165.85 million compared to USD 284.8 million a year ago. Net income was USD 25.1 million compared to USD 103.4 million a year ago. Basic earnings per share from continuing operations was USD 0.33 compared to USD 1.17 a year ago. Diluted earnings per share from continuing operations was USD 0.33 compared to USD 1.15 a year ago.
For the six months, sales was USD 346.81 million compared to USD 483.78 million a year ago. Net income was USD 41 million compared to USD 162.17 million a year ago. Basic earnings per share from continuing operations was USD 0.54 compared to USD 1.84 a year ago. Diluted earnings per share from continuing operations was USD 0.54 compared to USD 1.81 a year ago.
LSB Industries, Inc. is primarily engaged in the manufacturing and marketing of chemical products for the agricultural, industrial and mining markets. The Company manufactures products for three principal markets: agricultural, industrial and mining. Its agricultural products include ammonia, fertilizer-grade ammonium nitrate (AN), high-density ammonium nitrate (HDAN) and urea ammonia nitrate (UAN). Its industrial products include high-purity and commercial-grade ammonia, high-purity AN, sulfuric acids, concentrated, blended and regular nitric acid, mixed nitrating acids, carbon dioxide, and diesel exhaust fluid (DEF). Its mining products include industrial-grade AN (LDAN) and AN solutions. It owns and operates three multi-plant facilities in El Dorado, Arkansas, Cherokee, Alabama, and Pryor, Oklahoma. Its products are sold through distributors and directly to end customers throughout the United States and parts of Canada and the North America.
LSB INDUSTRIES, INC. 
