2009-08-19 15:21:01 -
LSB Industries, Inc. (“LSB” or the “Company”), (NYSE: LXU), today announced that it has been named to Fortune Magazine’s annual list of 100 Fastest Growing Companies, published in its August 31, 2009 issue. LSB was ranked 34 th .
Jack Golsen, LSB’s Chairman & CEO noted, “All of us at LSB Industries take pride in this accomplishment, especially since we made the cut during one of the most difficult economic periods in recent memory. We share this recognition with the dedicated 1,900 men and women who comprise the LSB team.”
Qualifying companies must trade on a major U.S. stock exchange; have a minimum market capitalization of $250 million on June 30, 2009; have a stock price of at least $5 on June 30,
2009; have been trading continuously since June 30, 2006; have revenue and net income for the four quarters ended on or before April 30, 2009, of at least $50 million and $10 million, respectively; and have posted a compound annual growth in revenue and earnings per share of at least 20% annually over the three years ended April 30, 2009. Those that make the initial cut are ranked by their revenue growth rate, their EPS growth rate and their three-year annualized total return to investors for the period ended June 30, 2009. The overall rank is based on the sum of the three ranks.
LSB is a manufacturing, marketing and engineering company. LSB’s principal business activities consist of the manufacture and sale of commercial and residential climate control products, such as geothermal and water source heat pumps, hydronic fan coils, large custom air handlers, the manufacture and sale of chemical products for the mining, agricultural and industrial markets, and the provision of specialized engineering services and other activities.
Company:Tony M. Shelby, Chief Financial Officer, 405/235-4546orInvestor
Relations:The Equity Group Inc.Linda Latman, 212/836-9609Lena
Cati, 212/836-9611