LSB Industries falls as winter storms hit production

LSB Industries

30/12/2022 15:01

** Shares of chemicals company LSB Industries Inc  LXU.N 
down 3.3% at $13.24
    ** LXU says its facilities in Cherokee, Alabama and El
Dorado, Arkansas were shut down as a result of extremely cold
temperatures  urn:newsml:reuters.com:*:nBw3c27rsa
    ** El Dorado facility has returned to service, but repairs
are underway at Cherokee
    ** Cherokee facility is expected to resume production by
mid-January 2023 - LXU
    ** LXU estimates that the outages will reduce Q4 2022
operating income by about $5 mln-$7 mln
    ** Up to Thursday's close, stock had risen 23% YTD
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))