LSB Industries, Inc. Provides Update on Its Pryor, Oklahoma Facility
LSB expects Pryor’s urea plant to return to service by
About
Forward Looking Statement
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by use of the words “will”, “believes”, “expects”, “estimates”, “intends”, “anticipates”, “plans to”, “should”, “estimates”, “projects”, or similar expressions, including, without limitation, impact of reduced production, lost fixed cost absorption and repair expenses to third and fourth quarters 2016 EBITDA; impact of lower sales from lower beginning inventory, reduced production, identification and completion of repairs and upgrades to deliver improved financial performance; and improvement of on-stream rates, translating into greater revenue and profit in the coming quarters.
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
expectation will prove to be correct. Actual results may differ
materially from the forward-looking statements as a result of various
factors, including, but not limited to: general economic conditions;
weather conditions; increased maintenance costs; ability to install
necessary equipment and renovations at our Facilities in a timely
manner; changes to federal legislation or adverse regulations; increased
competitive pressures, domestic and foreign; ability to complete
transactions to address our leveraged balance sheet and cash flow
requirements; loss of significant customers; increased costs of raw
materials; and other factors set forth under “Risk Factors” and “Special
Note Regarding Forward-Looking Statements” in our Form 10-K for the year
ended
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Source:
Company:
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