A Director at Lsb Industries Inc (NYSE: LXU) is Buying Shares

By Carrie Williams

Today, a Director at Lsb Industries Inc (LXUResearch Report), Richard Roedel, bought shares of LXU for $103.7K.

Following this transaction Richard Roedel’s holding in the company was increased by 48.01% to a total of $303.4K.

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Based on Lsb Industries Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $122 million and quarterly net profit of $6.63 million. In comparison, last year the company earned revenue of $103 million and had a GAAP net loss of $27.51 million. Currently, Lsb Industries Inc has an average volume of 376.2K.

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LSB Industries, Inc. engages in manufacturing, marketing, and sale of chemical products for the agricultural, mining, and industrial markets. It also own and operate facilities in El Dorado, Arkansas (the El Dorado Facility), Cherokee, Alabama (the Cherokee Facility), and Pryor, Oklahoma (the Pryor Facility), as well as facility for Covestro AG (Covestro) in Baytown, Texas (the Baytown Facility). The company was founded by Jack E. Golsen in 1968 and is headquartered in Oklahoma City, OK.