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LSB: Q1 Earnings Snapshot

By Ap News - Apr 29, 2024, 05:00 PM ET

Last Updated - May 27, 2024, 01:05 AM EDT

OKLAHOMA CITY (AP) — OKLAHOMA CITY (AP) — LSB Industries Inc. (LXU) on Monday reported first-quarter profit of $5.6 million.

The Oklahoma City-based company said it had net income of 8 cents per share. Earnings, adjusted for one-time gains and costs, were 12 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The chemical maker posted revenue of $138.2 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $120.6 million.

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