LSB Industries, Inc. Provides Operational Update on Its Pryor, Oklahoma Facility
LSB management expects the repairs to be completed and ammonia
production to resume by the end of
Management expects that the EBITDA impact resulting from the repair
expenses, the excess cost of purchasing UAN versus producing it, and the
reduced absorption of fixed costs will be approximately
LSB will provide an update on the progress of the repairs and the impacts of the downtime on financial results when the Company reports third quarter 2017 results in late October.
About
Forward Looking Statement
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identifiable by use of the words “may,” “believe,” “expect,” “intend,” “plan to,” “estimate,” “project” or similar expressions, and include but are not limited to: enhanced reliability at our Facilities; reducing costs; expanding into new markets; reducing leverage and completing repairs on time and as estimated.
Investors are cautioned that such forward-looking statements are not
guarantees of future performance and involve risk and uncertainties.
Though we believe that expectations reflected in such forward-looking
statements are reasonable, we can give no assurance that such
expectations will prove to be correct. Actual results may differ
materially from the forward-looking statements as a result of various
factors. These and other risk factors are discussed in the Company’s
filings with the
View source version on businesswire.com: http://www.businesswire.com/news/home/20170928005257/en/
Source:
LSB Industries, Inc.:
Mark Behrman, 405-235-4546
Chief
Financial Officer
or
Investor Relations:
The
Equity Group Inc.
Fred Buonocore, 212-836-9607
or
Kevin
Towle, 212-836-9620