LSB Industries was named 27th on Forbes
list of 200 Best Small Companies. The entire list appears online at www.Forbes.com
and in the October 27th issue of Forbes
IEC is a subsidiary of LSB Industries, LXU. LSB Industries is listed on the Russell 2000 Index and Russell 3000 Index.
Traditionally, the trend has been to invest is larger companies. The economic environment is changing. In the past 12 months, the S&P 500 dropped 28%, while the Russell 2000 is only down 18%. The S&P 500 consists of very large companies, while the Russell 2000 is comprised of smaller companies.
To qualify for the Forbes 200 Best Small Companies List, the publically traded company must have sales between $5 million and $750 million and a stock price of at least $5 as of Sept 29, 2008. The ranking is then based on return on equity, sales growth, and profit growth over the past 12 months and the past 5 years. The company's stock performance is then compared to 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." Jack Golsen founded LSB in 1969.
LSB is a manufacturing , marketing and engineering company. Through its subsidiaries, LSB's principal business activities consist of the manufacture and sale of climate control products and chemical products. LSB's stock are now traded on the NYSE, under the ticker LXU.