LSB Industries Inc., Oklahoma City, on May 16 announced that its Board of Directors has authorized a stock repurchase program under which LSB may repurchase up to $50 million of its outstanding common stock through the duration of the authorization.
“This authorization reflects our confidence in LSB’s outlook for 2022 and beyond,” said LSB President and CEO Mark Behrman. “The addition of the share repurchase program as another option to deploy capital highlights the strength of our balance sheet. We remain committed to driving shareholder value through continued operational improvement, execution on our organic growth opportunities, potential strategic acquisitions, and the repurchase of our common stock.”