Announces Agreement To Convert Preferreds To Common Stock
LSB Industries (NYSE: LXU) was featured in a company-sponsored research corporate update note published by Sidoti & Company, LLC. The report reads, “LSB announced an agreement with its preferred shareholder to convert preferreds and accruing dividends to common shares, in a crucial step to enhance financial flexibility and simplify the capital structure. We note that as a smaller company in a capital-intensive industry, the capital structure was severely limiting LSB’s options to invest in clean energy or meaningfully expand operations.”
To access the full report, visit https://ibn.fm/Y0nju
About LSB Industries, Inc.
LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma, manufactures and sells chemical products for the agricultural, mining, and industrial markets. The Company owns and operates facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma, and operates a facility for a global chemical company in Baytown, Texas. LSB’s products are sold through distributors and directly to end customers primarily throughout the United States. Please visit http://www.lsbindustries.com.
About Sidoti & Company, LLC
For over two decades, Sidoti has been a premier provider of independent securities research focused specifically on small and microcap companies and the institutions that invest in their securities, with most of its coverage in the $100 million-$5 billion market cap range. The firm’s approach affords companies and institutional clients a combination of high-quality research, a small- and microcap-focused nationwide sales effort, broad access to corporate management teams, and extensive trading support. Sidoti serves 500+ institutional clients in North America, including many leading managers of portfolios with $200 million to $2 billion of AUM. Sidoti promotes meaningful interaction between issuers and investors through its conferences (www.sidoti.com/events) and the hundreds of non-deal roadshows hosted each year.
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