Luxfer Reports Third Quarter 2024 Results With Ongoing Margin Improvement
Raising 2024 guidance amid continuing strong efficiencies and enhanced profitability.
Third Quarter 2024 Highlights
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Raising 2024 Guidance (Excluding Legal Recovery): Adjusted EPS:
; Adjusted EBITDA:$0.88 -$0.94 ; Free Cash Flow:$45 -$47 million , including legal recoveries and$35 -$37 million Lakehurst, NJ land sale. -
Sustained Margin Growth: Achieved third consecutive quarter of Adjusted EBITDA margin growth, reaching
14.8% , demonstrating ongoing operational efficiency improvements. -
Land Sale: Sold
Lakehurst, NJ property in Q3, recognized profit and receivables impact. Cash proceeds of to be reflected in Q4, banked in early October.$7.3 million - Strategic Review: Sale of the Graphic Arts business is progressing and currently expected to close in H1 2025.
Conference call information
Luxfer will conduct an investor teleconference at 8:30 a.m. ET on Wednesday October 30, 2024. Investors can access this conference via any of the following:
- Webcast: Accessible by clicking on this link Luxfer Q3 2024 Earnings
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Live Telephone: Call 800-579-2543 within the
U.S. or +1 785-424-1789 outside theU.S. Please join the call at least 15 minutes before the start time (Conference ID:LXFRQ324). - Webcast Replay: Available on Luxfer’s website beginning at approximately 4:30 p.m. Eastern Time on October 30, 2024.
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Telephone Replay: Call 800-839-7406 within the
U.S. or +1 402-220-6065 outside theU.S. (for bothU.S. and outside theU.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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241029040024/en/
Kevin Cornelius Grant
Vice President of Investor Relations and Business Development
Kevin.Grant@luxfer.com
Source: Luxfer Holdings PLC