LSB Industries says unplanned plant downtime to reduce Q3 EBITDA by $25M-$26.5M
LSB Industries announced that certain turnaround activities and various operational issues resulted in unplanned downtime at its three primary chemical facilities during Q3. The company expects the combined impact to Q3 EBITDA as a result of reduced production, lost fixed cost absorption and repair expenses related to unplanned maintenance to be in the range of $25M-$26.5M. "Our Q3 results will reflect the impact of planned and unplanned maintenance activities at our three primary chemical facilities... The reduced production associated with the various unplanned outages during the quarter will collectively serve to bring our results in below our expectations for the period," noted CEO Dan Greenwell.