Two Oklahoma companies named to hot growth companies list

 Hot DIP Galvanizing North American Galvanizing and Coatings of Tulsa and LSB Industries of Oklahoma City were among the 50 companies ranked in Business Week's annual list of Hot Growth Companies published in the June 9 issue. North American Galvanizing and Coatings ranked fourth and LSB is ranked 38th out of the 50 companies. "Making the Hot Growth Companies list for the second consecutive year is a great accomplishment and one I share with the entire LSB team of approximately 1,800 men and women whose dedication made this achievement possible," said Jack Golsen, chairman and CEO of LSB. North American Galvanizing & Coatings reported a 104-percent increase in earnings for 2007. Net income for the year totaled $9.2 million, or 72 cents per diluted share. The provider of hot dip galvanizing and coatings reported revenues for the year of $88.4 million, up from $74.1 million a year earlier. LSB Industries reported a 202.2-percent hike in net income for 2007. Operating income for both of the Oklahoma City-based company's core divisions increased sharply. The climate-control business manufactures air conditioning and heating products, including water-source heat pumps, geothermal heat pumps, hydronic fan coils and large custom air handlers at plants in Oklahoma City for commercial and residential buildings. LSB's chemical business manufactures chemical products at plants in Texas, Arkansas and Alabama for the industrial, mining and agricultural markets.