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Stock Market & Financial Investment News

News Breaks
August 8, 2014
06:33 EDTLXULSB Industries expects improved results in 2H14
The company cites Chemical facilities operating at consistent production rates and Climate Control backlog at a multi-year high.
News For LXU From The Last 14 Days
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March 2, 2015
10:22 EDTLXULSB Industries extends deadline for Starboard to nominate directors
LSB Industries announced that on March 1 the board extended the deadline for Starboard Value to nominate directors for consideration at the 2015 annual meeting of stockholders to March 9 at 5 pm Central time. Director nominations submitted by Starboard prior to 5 p.m. on March 9, that otherwise conform to the requirements of the company’s Bylaws, shall be considered timely. The waiver and extension of the advance notice deadline applies only to Starboard and is applicable only for the 2015 annual meeting of stockholders, LSB said.
06:43 EDTLXULSB Strategic Committee to continue execution of existing strategic plan
LSB Industries announced that the LSB Board’s Strategic Committee and the board have unanimously determined that the continued execution of the company’s existing strategic plan is in the best interests of LSB and its shareholders at this time. The board noted that its decision was made following the unanimous recommendation of the Board’s Strategic Committee. The Strategic Committee will continue to evaluate all strategic alternatives as the current company initiatives underway are implemented and as market conditions warrant. Specifically, once the expansion project at El Dorado is completed and Pryor and Cherokee demonstrate improved consistency of operations, the Committee intends to reassess the ability to enhance shareholder returns through placing some or all of the Company’s Chemical Business into a Master Limited Partnership structure under market conditions at that time. In addition, as end markets accelerate for the Climate Control Business, and the business growth initiatives and other changes drive enhanced performance, LSB will also reassess the viability of alternatives to separate the business. As previously disclosed, the Strategic Committee was established in accordance with the company’s April 2014 settlement agreement with Starboard Value LP. The Strategic Committee’s mandate included a thorough evaluation of potential strategic alternatives for the Company with the assistance of financial, legal and tax advisors. In particular, the Strategic Committee considered separating the Climate Control Business through a spin-off, selling the Climate Control Business, placing some or all of the Company’s Chemical Business into an MLP structure and continuing to execute the Company’s strategic plan.
06:37 EDTLXULSB Industries reports Q4 adjusted EPS 9c vs. (42c) a year ago
Reports Q4 EPS 3c, may not be comparable to consensus 35c. Reported 4Q13 EPS of $1.58. Reports Q4 revenue $181.3M, consensus $181.79M.

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