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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 Holdings PLC (NYSE: LXFR) reported its first quarter 2023 results, showing a net sales increase of 4.4% year-over-year to $101.3 million. However, GAAP diluted EPS from continuing operations dropped to $0.02, down from $0.28 the previous year. Adjusted diluted EPS also decreased to $0.20 compared to $0.33 in Q1 2022. Adjusted EBITDA fell 29.8% to $11.3 million, influenced by inflation and lower demand in certain markets. The Elektron Segment saw a 9.5% rise in net sales, but adjusted EBITDA dropped 34.3%. The Gas Cylinders Segment experienced a 2.1% sales decline. Free cash flow was a $16.4 million outflow. The company affirmed its 2023 adjusted diluted EPS guidance of $1.15 to $1.35.
Luxfer Holdings PLC (NYSE: LXFR) announced it will release its financial results for Q1 2023 after market close on
Luxfer Holdings PLC (NYSE: LXFR) has declared a quarterly dividend of
The payment is set for
This move reflects Luxfer's commitment to returning value to its shareholders amidst its continued focus on innovation and value creation in materials engineering.
Luxfer Holdings PLC (NYSE: LXFR) reported Q4 2022 net sales of $116.7 million, an 18.2% increase year-over-year, driven by cost pass-throughs and improved volume. GAAP diluted EPS rose to $0.23 from $0.13, while adjusted diluted EPS increased to $0.31. Full-year sales reached $423.4 million, up 13.2%, with net income growing to $32.0 million. However, adjusted EBITDA fell slightly to $63.1 million, reflecting inflation and supply chain issues. For 2023, Luxfer anticipates 6%-10% revenue growth and adjusted EPS between $1.15 and $1.35.
Luxfer Holdings PLC (NYSE: LXFR) has announced the upcoming release of its financial results for the fourth quarter and full year of 2022, scheduled for
Luxfer Holdings PLC (NYSE: LXFR) has declared a quarterly dividend of
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