LSB Industries, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 05, 2024 at 04:10 pm EST
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LSB Industries, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 132.61 million compared to USD 233.65 million a year ago. Net loss was USD 5.35 million compared to net income of USD 65.87 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to basic earnings per share from continuing operations of USD 0.84 a year ago. Diluted loss per share from continuing operations was USD 0.07 compared to diluted earnings per share from continuing operations of USD 0.83 a year ago.
For the full year, sales was USD 593.71 million compared to USD 901.71 million a year ago. Net income was USD 27.92 million compared to USD 230.35 million a year ago. Basic earnings per share from continuing operations was USD 0.37 compared to USD 2.72 a year ago. Diluted earnings per share from continuing operations was USD 0.37 compared to USD 2.68 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. 
