Luxfer Reports Strong Fourth Quarter 2024 Driven by Key End Markets Sales

By: Luxfer Holdings PLC via Business Wire

February 25, 2025 at 16:31 PM EST

Provides Full Year 2025 Guidance

Fourth Quarter 2024 Highlights*

GAAP Net Sales of $103.4 million, up 7.8% from $95.9 million; Adjusted Net Sales increased 9.3% to $96.0 million
Gross Profit increased to $22.9 million, a 37.1% increase from $16.7 million
Adjusted Gross Profit rose 34.7% to $22.5 million, with Adjusted Gross Margins of 23.4% compared to 19.0%
GAAP Net Income of $3.3 million, compared to a $6.5 million loss in the prior year, with GAAP EPS of $0.12 versus a $0.24 loss
Adjusted EPS¹ of $0.29, up 61.1% from $0.18
Adjusted EBITDA¹ of $13.8 million, up 45.3% from $9.5 million
Delivered $30.0 million in Free Cash Flow

Full Year 2024 Highlights*

GAAP Net Sales of $391.9 million, down 3.2% from $405.0 million; Adjusted Net Sales declined 3.0% to $362.3 million
GAAP Net Income of $18.3 million, up from a $2.6 million loss, with GAAP EPS of $0.68, compared to a $0.10 loss
Adjusted EPS¹ of $0.99, up 2.1% from $0.97
Adjusted EBITDA¹ of $49.8 million, up 1.2% from $49.2 million
Delivered $47.7 million in Free Cash Flow resulting in significantly reduced net debt of $41.0 million
Strategic Actions: Sale of the Graphic Arts business is proceeding as planned and currently expected to close in H1 2025

¹ Note: Adjusted Results Excludes Graphic Arts business and impact of Legal Cost Recovery / Expense

* Comparative information is relative to prior-year fourth quarter and full year

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 fourth quarter 2024, ended December 31, 2024.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250225429467/en/

Luxfer will conduct an investor teleconference at 8:30 a.m. ET on Wednesday February 26, 2025. Investors can access this conference via any of the following:

Webcast: Accessible by clicking on this link Luxfer Q4 2024 Earnings
Live Telephone: Call 800-274-8461 within the U.S. or +1 203-518-9814 outside the U.S. Please join the call at least 15 minutes before the start time (Conference ID:LXFRQ424).
Webcast Replay: Available on Luxfer’s website beginning at approximately 4:30 p.m. Eastern Time on February 26, 2025.
Telephone Replay: Call 800-925-9348 within the U.S. or +1 402-220-5381 outside the U.S. (for both U.S. and outside the U.S. access code is 6639).
Presentation Material: 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.