LSB Industries, Inc. ("LSB" or the "Company"), (NYSE Alternext US: LXU), today announced that it has been named one of "America's 200 Best Small Companies" by Forbes magazine. LSB was ranked #27. The entire list appears in the October 27, 2008 issue of Forbes.
To qualify for the Forbes list, candidates must have sales between $5 million and $750 million and a stock price of $5 as of September 29, 2008. The ranking is based on return on equity, sales growth and profit growth over the past 12 months and also over the past 5 years. Forbes also compared the candidates' stock performance with that of their industry peers.
LSB's Chairman and Chief Executive Officer, Jack Golsen, stated, "Speaking on behalf of the 1,800 women and men who comprise the LSB team, we are very proud to be recognized as one of America's Best Small Companies."
LSB is a manufacturing, marketing and engineering company. Through its subsidiaries, 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. LSB Industries is included in the Russell 2000 Index and the Russell 3000 Index.
