Quarterly Financial Data

12 Months Ended

Dec. 31, 2012

Quarterly Financial Data

LSB Industries, Inc.

Supplementary Financial Data

Quarterly Financial Data (Unaudited)

			Three months ended
	March 31		June 30		September 30		December 31
	(In Thousands, Except Per Share Amounts)
2012 (1)
Net sales	$	190,245	$	209,275	$	182,374	$	177,137
Gross profit (2)	$	44,444	$	65,735	$	33,187	$	40,370
Income from continuing operations (2)	$	14,324	$	26,130	$	6,710	$	11,622
Net loss from discontinued operations		21		97		2		62
Net income	$	14,303	$	26,033	$	6,708	$	11,560
Net income applicable to common stock	$	14,003	$	26,033	$	6,708	$	11,560
Income per common share:
Basic:
Income from continuing operations	$	0.63	$	1.17	$	0.30	$	0.52
Net loss from discontinued operations		—		—		—		—
Net income	$	0.63	$	1.17	$	0.30	$	0.52
Diluted:
Income from continuing operations	$	0.61	$	1.11	$	0.28	$	0.49
Net loss from discontinued operations		—		—		—		—
Net income	$	0.61	$	1.11	$	0.28	$	0.49
2011
Net sales	$	177,493	$	235,619	$	176,780	$	215,364
Gross profit (2)	$	53,854	$	72,086	$	34,257	$	62,821
Income from continuing operations (2)	$	20,960	$	28,698	$	6,324	$	28,002
Net loss from discontinued operations		57		53		18		14
Net income	$	20,903	$	28,645	$	6,306	$	27,988
Net income applicable to common stock	$	20,598	$	28,645	$	6,306	$	27,988
Income per common share:
Basic:
Income from continuing operations	$	0.97	$	1.29	$	0.28	$	1.26
Net loss from discontinued operations		—		—		—		—
Net income	$	0.97	$	1.29	$	0.28	$	1.26
Diluted:
Income from continuing operations	$	0.90	$	1.22	$	0.27	$	1.19
Net loss from discontinued operations		—		—		—		—
Net income	$	0.90	$	1.22	$	0.27	$	1.19

(1) During 2012, our Chemical Business encountered a number of significant issues including an explosion in one of our nitric acid plants at the El Dorado Facility in May, a pipe rupture that damaged the ammonia plant at the Cherokee Facility in November and numerous mechanical issues at the Pryor Facility, all resulting in lost production and significant adverse effect on 2012 operating results.

(2) The following items increased gross profit and income from continuing operations:

	Three months ended
	March 31		June 30		September 30		December 31
			(In Thousands)
Business interruption insurance recovery:
2012	$	—	$	—	$	—	$	7,300
2011	$	—	$	8,605	$	—	$	—