Luxfer Reports First Quarter 2024 Results With Improved Profitability

By: Luxfer Holdings PLC via Business Wire

April 30, 2024 at 16:15 PM EDT

Raises Adjusted EPS, Adjusted EBITDA and Free Cash Flow Guidance

First Quarter 2024 Highlights

First-Quarter Sales: GAAP Net Sales of $89.4 million, met the expectations set forth in the fourth quarter of 2023.
Profitability: Significant sequential improvement due to enhanced operational efficiencies and product mix.
Cash Flow Generation: Strong performance in net cash provided from continuing operations, which totaled $3.6 million for the quarter—an improvement of $18.0 million compared to first quarter 2023.
Raises Guidance: Adjusted EBITDA $44 to $48 million, Adjusted EPS $0.75 to $0.90, Free Cash Flow $21 to $25 million.

Luxfer Holdings PLC (NYSE: LXFR) (“Luxfer” or the “Company”), a global industrial company innovating niche applications in materials engineering, today announced financial results for the first quarter 2024, ended March 31, 2024.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240430574859/en/

Conference call information

Luxfer will conduct an investor teleconference at 8:30 a.m. ET Wednesday, May 1, 2024. Investors can access this conference via any of the following:

Webcast can be accessed by clicking on this link LXFR Q1 2024 Earnings.
Live Telephone: Call 800-901-2707 within the U.S. or +1 785-424-1629 outside the U.S. Please join the call at least 15 minutes before the start time (Conference ID:LXFRQ124).
Webcast Replay: Available on Luxfer’s website beginning at approximately 4:30 p.m. Eastern Time on May 1, 2024.
Telephone Replay: Call 888-566-0150 within the U.S. or +1 402-220-9185 outside the U.S. (for both U.S. and outside the U.S. access code is 6639).
Presentation Material and Podcast: Earnings presentation material and podcasts can be accessed through the Investors portion of the Company’s website at luxfer.com under Quarterly Reports and Presentations.