LSB Industries (LXU) reported quarterly earnings results on Monday, Aug-8-2016. The company reported $-0.73 earnings per share for the quarter, missing the analyst consensus estimate by $-0.25. Analysts had a consensus of $-0.48. The company posted revenue of $109.98 million in the period, compared to analysts expectations of $140.30 million. The company’s revenue was down -12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.
LSB Industries opened for trading at $11.44 and hit $11.68 on the upside on Friday, eventually ending the session at $11.31, with a gain of 0.80% or 0.09 points. The heightened volatility saw the trading volume jump to 3,91,298 shares. Company has a market cap of $270 M.
In a different news, on Dec 3, 2015, Michael Dawe Tepper (Sr. VP-Int’l Operations) sold 2,500 shares at $7.06 per share price. According to the SEC, on Aug 11, 2015, Mark T Behrman (CFO) purchased 3,000 shares at $25.15 per share price. On Jun 22, 2015, William F Murdy (director) purchased 500 shares at $41.20 per share price, according to the Form-4 filing with the securities and exchange commission.
LSB Industries Inc. is a holding company engaged in manufacturing and marketing operations through its subsidiaries. The Company operates in two segments: Chemical Business and Climate Control Business. LSB and its wholly owned subsidiaries own businesses which include chemical business manufactures and sells nitrogen-based chemical products for the agricultural industrial and mining markets and climate control business manufactures and sells a range of heating ventilation and air conditioning (HVAC) products that include water source and geothermal heat pumps hydronic fan coils custom air handlers modular geothermal and other chillers and other related products and services. These products are used in commercial or institutional and residential new buildings construction renovation of existing buildings and replacement of existing systems. Its climate control business manufactures and distributes its products from over seven facilities located in Oklahoma City Oklahoma.