LSB Industries Earnings: Everything You Must Know Now

LSB Industries Inc. (NYSE:LXU) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

LSB Industries Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 58.82% to $0.49 in the quarter versus EPS of $1.19 in the year-earlier quarter.

Revenue: Decreased 17.77% to $177.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: LSB Industries Inc. reported adjusted EPS income of $0.49 per share. By that measure, the company beat the mean analyst estimate of $0.20. It missed the average revenue estimate of $178.36 million.

Quoting Management: Jack Golsen, LSB’s Board Chairman and CEO stated, “Regarding our Chemical Business 2012 downtime events, although they were unrelated to each other, the events at our Pryor, Cherokee and El Dorado facilities, caused us to undergo a thorough reexamination of our process safety management (“PSM”), reliability and mechanical integrity programs. As a result, we have recently undertaken a concerted program to attempt to improve the reliability and mechanical integrity of our chemical plant facilities. The improvement program includes engaging outside experts and consultants who specialize in risk management, reliability, mechanical integrity and PSM. We believe that the implementation of these programs will contribute to improved reliability and more consistent operations of these facilities.”

Key Stats (on next page)…