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Luxfer Holdings PLC Ordinary Shares (symbol: LXFR) is a global manufacturer renowned for its innovative approaches in materials engineering. The company operates across various sectors, producing high-performance materials, components, and high-pressure gas containment devices. Luxfer is a market leader, especially noted for its light, durable, and corrosion-resistant aluminum and composite cylinders designed for high-pressure gas storage.
Core Business and Products: Luxfer’s product portfolio caters to an array of industries including life support, alternative fuel, medical, specialty gas, industrial, beverage, fire extinguishers, aerospace, inflation, scuba, and performance racing. The organization’s significant segments include Elektron, Gas Cylinders, and Graphic Arts, with Elektron and Gas Cylinders being the primary revenue generators. Their products leverage patented and proprietary alloys, ensuring top-tier durability and safety.
Global Presence and Manufacturing Facilities: Luxfer boasts a robust global presence with manufacturing facilities strategically located in the United States, the UK, France, Canada, China, and India. Their expansive reach ensures that more than 50 million Luxfer cylinders are in service worldwide, maintaining an exemplary record of reliability and safety.
Innovation and Milestones: With a rich history of cylinder innovation, Luxfer continues to focus on value creation through its extensive technical knowledge and proprietary technologies. The company’s high-performance materials and cutting-edge solutions are crucial for applications in defense, first response, healthcare, transportation, and general industrial sectors.
Recent Achievements and Current Projects: Luxfer remains committed to fostering a safe, clean, and energy-efficient world. Recent projects and developments emphasize sustainable practices and advanced materials technology, reinforcing the company’s position at the forefront of industrial innovation.
Luxfer Gas Cylinders, part of Luxfer Holdings PLC (NYSE: LXFR), has launched the G-Stor® Hydrosphere, a new range of Multiple Element Gas Containers (MEGCs) designed for efficient hydrogen transportation. Unveiled at the World Hydrogen Summit in Rotterdam, these high-capacity MEGCs utilize Luxfer's Type 4 (G-Stor® Go H2) cylinder technology to store and transport over 1 ton of hydrogen, offering the best price per kilogram. The system aims to overcome hydrogen supply chain barriers, promoting safe and sustainable transportation. The G-Stor® Hydrosphere features standardized filling and discharge couplings, significant safety features, and complies with international standards. It will be manufactured at Luxfer’s new facility in Nottingham, UK.
Luxfer Gas Cylinders, a division of Luxfer Holdings PLC, has been awarded a clean technology grant from Alberta Innovates Hydrogen Centre of Excellence to develop a new Type 4 700 bar hydrogen cylinder. This innovative cylinder will reduce manufacturing time and components while storing gaseous pressure up to 700 bar, catering to growth markets like fuel cell transit buses and heavy-duty trucks.
Luxfer Holdings PLC (NYSE: LXFR) reported improved profitability in the first quarter of 2024, with GAAP net sales of $89.4 million meeting expectations. The company saw significant sequential improvement in profitability due to operational efficiencies and product mix. Net cash provided from continuing operations improved by $18.0 million compared to the first quarter of 2023. Luxfer raised its guidance for Adjusted EBITDA to $44-$48 million, Adjusted EPS to $0.75-$0.90, and Free Cash Flow to $21-$25 million.
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