Lsb Industries Inc (LXU)
Sector • Basic Materials Industry • Chemical Manufacturing |
Industry • Chemical Manufacturing |
Sector • Basic Materials |
Observing the fourth quarter of 2022 results, LXUs' had surge in revenue and Earnings
Lsb Industries Inc announced fourth quarter of 2022 operating profit of $82.683 million
Published Feb 24 2023
Goran Soko / CSIMarket.com Contributer
Sequentially earnings per share truly advanced by 1668.97 % from $0.03 per share and revenue improved by 26.798 % from $184.27 million.
Net earnings of $65.870 million in the fourth quarter of 2022 earnings season increased by 55.97 % from net earnings of $42.232 million reported in the fourth quarter of 2022 earnings season a year ago. Although operating margin fell to 35.39%, in the fourth quarter of 2022 earnings season, the Chemical Manufacturing company's net margin actually improved to 28.19%.
Operating earnings, on the other hand, improved just 18.65% to $82.683 million. Lsb Industries Inc announced income of $230.35 million and revenue of $901.71 million for the financial year 2022.
The company reported earnings per share of $2.68 compare to $-4.40 in the preceding financial year, while revenue surged by 62.11 % from $556.24 million a year prior.
Lsb Industries Inc is expected to report next financial results on May 03, 2023.