LSB Industries gains after board okays $150 mln share repurchase program

LSB Industries

08/05/2023 13:32

** Shares of chemicals producer LSB Industries Inc  LXU.N 
up 2.2% at $9.01 premarket
    ** Company's board authorizes stock repurchase program of up
to $150 mln
    ** "Despite current nitrogen selling prices coming off
multi-year highs, we are confident in our outlook for continued
profitability and cash flow" - CEO Mark Behrman
    ** As of last close, shares down 33.7% YTD
    

 (Reporting by Sri Hari N S in Bengaluru)
 ((SriHari.NS@thomsonreuters.com;))