LSB Industries (LXU) Misses Q2 EPS Views; Strategic Committee Submits Strategy, Governance Recommendations
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August 7, 2015 6:30 AM EDT
Updates Status of El Dorado Facility Expansion Provides Chemical
Business Product Volume Guidance for 2015 Third Quarter
OKLAHOMA CITY--(BUSINESS WIRE)--
LSB Industries, Inc. (LSB) (NYSE: LXU) today announced results for the
second quarter ended June 30, 2015.
Financial Highlights of Second Quarter 2015 Compared to Second
Quarter 2014
Net sales decreased 9.4% to $182.7 million compared to $201.7 million.
Operating income was $2.6 million compared to operating income of
$23.8 million.
EBITDA was $13.0 million compared to $32.6 million.
Net income applicable to common shareholders was $0.4...
More
August 7, 2015 6:30 AM EDT
OKLAHOMA CITY--(BUSINESS WIRE)--
LSB Industries, Inc. (NYSE: LXU) (LSB or the Company), a manufacturer
of chemical products for the agricultural, mining and industrial markets
and a leading manufacturer of commercial and residential climate control
products, today announced that the Strategic Committee of the LSB Board
of Directors (the Strategic Committee), comprised of entirely
independent directors, presented the Board of Directors with a report
and certain recommendations on July 30, 2015 following an evaluation of
the Companys business strategy, corporate governance structure, related
party transactions and other governance practices of the Company.
Lance Benham, Chairman of... More
