OKLAHOMA CITY (AP) — OKLAHOMA CITY (AP) — LSB Industries Inc. (LXU) on Wednesday reported fourth-quarter net income of $65.9 million.
On a per-share basis, the Oklahoma City-based company said it had net income of 83 cents. Earnings, adjusted for non-recurring costs, were 90 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.
The chemical maker posted revenue of $233.7 million in the period.
For the year, the company reported net income of $230.3 million, or $2.68 per share, swinging to a profit in the period. Revenue was reported as $901.7 million.
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