Phosphate Holdings, Inc. announced unaudited consolidated earnings results for the third quarter and nine months and operating results for the third quarter ended September 30, 2012. The company reported third quarter of 2012 net loss of $4.8 million, or $0.57 per diluted share of common stock, compared to net income of $1.5 million, or $0.18 per diluted share of common stock for the same period in 2011. Earnings before interest, taxes, depreciation and amortization (EBITDA) for the third quarter of 2012 were negative $3.7 million, compared to positive EBITDA of $6.6 million for the third quarter of 2011. Total net sales for the third quarter of 2012 were $70.3 million, a 26% decrease from total net sales of $94.7 million for the third quarter of 2011. The company had an operating loss of $7.6 million for the third quarter of 2012, compared to operating income of $2.7 million for the prior-year period. Loss before income taxes was $7.66 million against profit of $1.75 5.68 million against $8.77 million a year ago. Purchases of restricted investments held in trust were $0.200 million against $0.200 million a year ago. Purchases of property, plant and equipment was $2.79 million against $4.34 million a year ago.

For the nine months, the company reported net sales were $241.34 million against $252.71 million a year ago. Operating loss was $7.47 million against profit of $0.144 million a year ago. Loss before income taxes was $7.98 million against profit of $1.07 million a year ago. Net loss was $5.02 million or $0.60 basic and diluted loss per share against $0.232 million o r $0.03 basic and diluted loss per share a year ago. Net cash provided by operating activities was $9.3 million against $16.23 million a year ago. Purchases of restricted investments held in trust were $0.600 million against $0.600 million a year ago. Purchases of property, plant and equipment was $6.24 million against $9.27 million a year ago. EBITDA was $4.03 million against $12.42 million a year ago.

For the third quarter, the company sold 140,258 tons of DAP, with 31,335 tons moving into export markets and 108,923 tons moving into domestic markets. This compares with 162,761 tons of DAP sold in the third quarter of 2011.