LSB Industries (LXU) Misses Q2 EPS Views; Strategic Committee Submits Strategy, Governance Recommendations
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LSB Industries, Inc. Reports Operating Results for the 2015 Second Quarter
August 7, 2015 6:30 AM EDTUpdates 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... MoreLSB to Implement Strategic, Operational and Corporate Governance Enhancements
August 7, 2015 6:30 AM EDTOKLAHOMA 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
