LSB Industries (NYSE: LXU ) reported earnings on May 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), LSB Industries beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped significantly.
Margins contracted across the board.
LSB Industries reported revenue of $190.2 million. The three analysts polled by S&P Capital IQ anticipated revenue of $185.0 million on the same basis. GAAP reported sales were 7.2% higher than the prior-year quarter's $177.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.61. The three earnings estimates compiled by S&P Capital IQ predicted $0.48 per share. GAAP EPS of $0.61 for Q1 were 32% lower than the prior-year quarter's $0.90 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 23.4%, 700 basis points worse than the prior-year quarter. Operating margin was 12.1%, 670 basis points worse than the prior-year quarter. Net margin was 7.5%, 430 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $225.6 million. On the bottom line, the average EPS estimate is $0.97.
Next year's average estimate for revenue is $823.9 million. The average EPS estimate is $3.18.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 559 members out of 576 rating the stock outperform, and 17 members rating it underperform. Among 134 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 129 give LSB Industries a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on LSB Industries is outperform, with an average price target of $48.33.
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