Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Luxfer Reports Second Quarter 2024 Results With Sequential Margin Improvement

Business remains on track to deliver 2024 expectations, raises 2024 guidance to reflect recovery of legal expenses. 

Second Quarter 2024 Highlights

  • Second-Quarter Sales: GAAP Net Sales of $99.7 million, declined 9.7% YoY, but rebounded 11.5% QoQ
  • Profitability: Achieved sequential adjusted margin improvement for the past two quarters through operational efficiencies
  • Legal Recovery: Recognized $5.1 million in legal expense recovery in this quarter
  • Raises 2024 Guidance: Adjusted EBITDA $47 to $50 million, Adjusted EPS $0.90 to $1.00, Free Cash Flow $24 to $27 million
  • Strategic Review: Sale of Graphic Arts is progressing as expected

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 second quarter 2024, ended June 30, 2024.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240730458431/en/

Conference call information

Luxfer will conduct an investor teleconference at 8:30 a.m. ET Wednesday July 31, 2024. Investors can access this conference via any of the following:

  • Webcast: Accessible by clicking on this link LXFR Q2 2024 Earnings
  • Live Telephone: Call 800-579-2543 within the U.S. or (+1) 785-424-1789 outside the U.S. Please join the call at least 15 minutes before the start time (Conference ID:LXFRQ224).
  • Webcast Replay: Available on Luxfer’s website beginning at approximately 4:30 p.m. Eastern Time on July 31, 2024.
  • Telephone Replay: Call 800-839-2485 within the U.S. or +1 402-220-7222 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.

 

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