Oklahoma Inc.: Manufacturers post wide swings on this year's chart
Since recession lows, the Oklahoma manufacturing sector is rebounding strongly statewide, observers say.
From last year's Oklahoma Inc. to this year, the state's three manufacturing companies that are traded on major markets swung widely in the ratings, and only one moved up on the chart.
Manufacturing is an industry that is a significant driver in our jobs recovery.”
Orchids Paper Products Co. — 36 years old and stock symbol “TIS” on the New York Stock Exchange — shot to No. 3 from No. 28. The Pryor-based manufacturer makes toilet paper, towels and napkins, which are sold largely regionally.
Conversely, Tulsa-based AAON Inc. — 25 years old and AAON on the Nasdaq Global Select Market — which makes industrial and commercial air conditioning and heating equipment primarily for the U.S. and Canada, fell 10 spaces to No. 25. And Oklahoma City-based LSB Industries — No. 44, and LXU on the NYSE — which produces climate control devices and chemicals for mining and agriculture, for clients in Canada, the Middle East, Mexico, Central and South America, Europe, and South and East Asia, plummeted from No. 1 to No. 32 on the 36-company list.
The three manufacturers' gains in earnings per share ranged from 114 percent to 12.2 percent to 1.5 percent, respectively. But LSB, after repairing a damaged chemical plant in Arkansas, recently set 52-week highs in its shares.
Three other Oklahoma manufacturing companies that are ranked on the over-the-counter list had the same mixed bag on Oklahoma Inc.
Though Tulsa-based recyclable plastic pallet manufacturer Greystone Logistics posted a gain in earnings per share of 333.3 percent, 9-year-old Totally Green Inc. of Tulsa — which makes organic food processing systems and compostable packaging alternatives for convention centers, corporations, government agencies, hospitals and universities — was flat. Meanwhile, Webco Industries Inc. — a 43-year-old Sand Springs company that makes carbon steel, stainless steel and other metal tubular products for various industries — posted an 18.5 percent drop in share price.
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