OKLAHOMA BRIEFS: LSB earnings show decline

Comments 0

Published: November 7, 2008

Energy

LSB earnings show decline

Special items, including an unplanned chemical plant shut-down, reduced third-quarter earnings for LSB Industries Inc., the Oklahoma City company reported Thursday. Profits fell to $4.2 million in the three-month period ending Sept. 30, compared with $18.3 million in the same period last year. Excluding the one-time items and the items that boosted earnings in the period a year-ago, LSB’s operating income grew to $18.7 million from $14.3 million.

In Other News

Vaughan Foods reports loss

MOORE — Rising food and energy costs swung Vaughan Foods Inc. third-quarter earnings to a net loss, the Moore food preparation company reported Thursday. Vaughan recorded a net loss of $1.2 million, of 25 cents per share, compared with profits of $96,000 or 2 cents per share in the third quarter last year.

Insurers await damage calls

Customers of Farmers Insurance and Foremost Insurance who suffered damage from this week’s hail storm are urged to immediately contact their agent or call Farmers 24-hour claims hot line, (800) 435-7764. Foremost Insurance customers should file their claim by calling (800) 527-3907.

Big O Tires Set for Celebration

Big O Tires will offer special discounts, free food and prizes this weekend as it celebrates the openings of four Oklahoma City-area stores. Big O Tires also will host a food drive with the Regional Food Bank of Oklahoma that will begin today and run through Dec. 20. Customers who donate five nonperishable food items will receive a $5 oil change coupon.

Dell thanks its city workers

Dell employee Jason Loucks enjoyed a giant Thank You cookie with Pam Dean, left, and Pam Newby, right, from Special Care during an all-employee celebration at Dell OKC. Dell threw the sitewide "Thank You!” event to recognize employees for their achievements in community involvement during the last year. Among Dell sites, Dell OKC finished No. 1 nationally and No. 2 globally in community participation for the month of September during the Global Community Involvement Month initiative.

From Staff Reports

Related Topics: Business, Company Activities and Information, Earnings and Losses, Corporate Reporting, Earnings and Loss Announcements