LSB Industries
named one of Business
Week's Hot Growth
companies for the second year in a row
Business Week
selected LSB Industries from a database of 10,000 publically traded
corporations and companies as a Hot Growth Company. The 50
companies named in the June 9, 2008 issue are considered the faster
growing companies in America.
These 50 companies stand out from their sector's peers in
growth of sales, profits, and return on invested capital. Business Week
calls these companies highfliers, trend spotters and innovators, as
they prove their resilience in a
worsening economy.
During the
selection process, Business
Week first looked for companies whose minimum
stock price was more than $5, market value of at least $25 million, and
sales between $50 million and $1.5 billion. From those companies,
Business Week selected companies whose one- and three- year sales
growth was at least 30% higher than their peers in the S&P
(Standard and Poor's) 500 sector and their return on invested
capital (RIOC) was equal to or greater than the RIOC for their sector.
Finally, Business Week weeded out the companies with extended stock
price declines or other red flags.
Jack Golsen,
Chairman & CEO of LSB said, Making the Hot
Growth Companies list for the second consecutive year is a great
accomplishment and one that I share with the entire LSB team of
approximately 1,800 men and women whose dedication made this
achievement possible.
Several
industrial companies made the list this year, including small
manufacturers who build specialized products. Chief economist of
consulting firm Economy.com, Mark Zandi said, What the world
wants from us now is [advanced] industrial products- from airplanes to
drilling equipment to machine tools. I imagine there will be
even more industrial companies on this list a year from now.
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