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News Breaks | | | | October 11, 2012 | | 08:46 EDT |  | LXU | LSB Industries says total ammonia production for Q3 approximately 28,000 tons
LSB Industries provided an update to its previous announcements and disclosures related to certain ongoing issues at two of its facilities and their impact on Q3 results. The Pryor Facility has had continual problems with the ammonia conversion process, as well as unplanned downtime at its main ammonia plant, which have caused fluctuating production levels, preventing it from reaching our targeted production rates of approximately 600 tons per day. Total ammonia production during the third quarter was approximately 28,000 tons, or 50% lower than our targeted rate. As a result, the Pryor Facility’s Q3 operating income was approximately $14M lower than it would have been had ammonia production been at or near target levels, based upon the selling price of ammonia and UAN during the quarter. The third quarter of 2012 was also adversely affected by lost profits and extra expenses at our El Dorado, Arkansas Facility following the May 15, 2012 explosion which destroyed the Direct Strong Nitric acid plant and caused damage of varying degrees throughout the site. The El Dorado Facility has completed repairs to the three other nitric acid plants and most of the repairs to certain other equipment damaged by the explosion. Our insurance policy provides for Business Interruption coverage for certain lost profits and extra expenses which will be recognized as a reduction to cost of sales in the quarter received. We expect to begin receiving insurance recovery payments in the 2012 fourth quarter or shortly thereafter. | |
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| May 14, 2013 | | 07:15 EDT |  | LXU | BMO Capital to host a conference
 Subscribe for More Information | | | May 6, 2013 | | 16:17 EDT |  | LXU | LSB Industries reports Q1 EPS (2c), consensus 9c
Reports Q1 revenue $150.7M, consensus $168.25M. The decrease in operating results of $23.3M primarily relates to a decrease in the company's chemical business partially offset by a slight increase in its climate control business. In addition, its general corporate expense and other business operations net expenses decreased slightly. | |
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