LSB Industries, Inc. Reports Results for the 2010 Fourth Quarter and Year

LSB Industries, Inc. LXU announced today results for the fourth quarter and year ended December 31, 2010.

Fourth Quarter 2010 Financial Highlights Compared to Fourth Quarter 2009:

• Net sales were $172.2 million, a 49.3% increase from $115.3 million;
• Operating income was $30.2 million compared to $2.5 million;
• Net income and income applicable to common shareholders was $18.0 million compared to $38,000;
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• Diluted earnings per common share were $.79 compared to less than $.01.

Year 2010 Financial Highlights Compared to Year 2009:

• Net sales were $609.9 million, a 14.7% increase from $531.8 million;
• Operating income was $55.9 million compared to $40.7 million;
• Net income was $29.6 million compared to $21.6 million;
• Net income applicable to common shareholders was $29.3 million compared to $21.3 million;
• Diluted earnings per common share were $1.32 compared to $.96.