LSB Industries slips on flagging profit hit from Cherokee plant shutdown

LSB Industries

20/01/2023 13:11

** Shares of chemicals producer LSB Industries Inc  LXU.N 
down ~1% at $12.20 premarket 
    ** LXU discloses $5 mln-$7 mln hit to Q4 results from
Cherokee plant shutdown in late Dec 
    ** Sets 4Q adj EBITDA est in the range of $100 mln-$105 mln,
below Wall St estimate of $111.65 mln - Refinitiv IBES 
    ** Announces phased resumption of plant, which had to be
shut as a result of extremely cold temperatures late last year 
    ** So far this month, stock down ~7%, as of last close 
 (Reporting by Anirban Chakroborti in Bengaluru)
 ((Anirban.Chakroborti@thomsonreuters.com;))