Oklahoma City-based manufacturing, marketing and engineering company LSB Industries reported fourth-quarter results March 8.

The company reported its net sales decreased by 35.8% percent from $179.5 million from fourth-quarter 2008 to $115.3 million in the fourth quarter 2009. Net income totaled $38,000 or less than $0.01 per diluted share compared to net income of $3.6 million or $0.16 per diluted share in 2008.

However, operating income increased from 2008’s $1.8 million to $2.5 million.

The $64.2 million decline in fourth quarter net sales includes a decrease of $21.4 million in their climate control business and a decrease of approximately $41.1 million in their chemical business.

For the year 2009, net sales were $531.8 million, a 29.0% decline from $749.0 million in 2008. Operating income was $40.7 million compared to $59.2 million in 2008, while net income applicable to common shareholders decreased to $21.3 million from $36.2 million. Diluted earnings per common share were $0.96 compared to 2008’s $1.58.

The sales decrease of approximately $217.2 million includes a decrease of $45.2 million in LSB’s climate control business and a decrease of $166.3 million in its chemical business.