LSB Industries Announces Increase to Stock Repurchase Authorization

LSB Industries, Inc. (‘LSB’ or ‘the Company’), (NYSE: LXU), today announced that its Board of Directors has authorized an increase in the size of the Company’s previously announced $50 million stock repurchase program implemented in May 2023. Under the expanded program, LSB Industries may now repurchase up to $100 million of its outstanding common stock, of which approximately $85 million remains available for future repurchases.

Mark Behrman, LSB Industries’ President, and Chief Executive Officer of LSB commented, ‘Our decision to expand the share repurchase authorization reflects not only the strength of our balance sheet and the strong profitability and robust free cash flow that we generated in our 2023 second quarter but is also indicative of the favorable outlook for our business through the balance of 2023 and 2023.