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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 a 9.9% increase in net sales to $100.2 million for Q3 2022, driven by inflation cost pass-through. GAAP diluted EPS grew to $0.31, while adjusted diluted EPS rose to $0.35. Adjusted EBITDA increased by 16.7% to $16.1 million despite foreign exchange losses of $4.9 million. The 2022 EPS guidance narrowed to $1.35 - $1.40 from $1.35 - $1.50. The Elektron segment outperformed, showing a 24.6% increase in net sales; however, the Gas Cylinders segment saw a 4.8% decline.
Luxfer Holdings PLC (NYSE: LXFR) announced a quarterly dividend of
The company will release its third-quarter financial results on
Luxfer Holdings PLC (NYSE: LXFR) reported net sales of $109.5 million for Q2 2022, marking a 10.6% increase year-over-year, primarily due to inflation and volume effects. GAAP diluted EPS dropped to $0.35, while adjusted EPS remained steady at $0.36. Adjusted EBITDA fell 2.3% to $16.9 million. The Elektron segment showed strong growth, with net sales up 20.8% to $63.4 million. Despite challenges from supply chain constraints and inflation impacting costs, the company reaffirmed its 2022 adjusted diluted EPS guidance of $1.35 to $1.50.
Janus International Group, Inc. (NYSE: JBI) announced the appointment of Heather Harding to its Board of Directors as a Class I Director and member of the Audit Committee, effective July 7, 2022. With over 25 years of financial leadership in global industrial companies, Harding previously served as CFO of Luxfer Holdings PLC (NYSE: LXFR). Her expertise is expected to enhance Janus's strategic growth and financial oversight as the company aims to strengthen its position in the self-storage and commercial sectors.
Luxfer Holdings PLC (NYSE: LXFR) has declared a quarterly dividend of
Luxfer Holdings PLC (NYSE: LXFR) has appointed Sylvia A. Stein to its Board of Directors, effective August 1, 2022. Stein, currently Vice President and General Counsel at Modine Manufacturing Company (NYSE: MOD), brings over 20 years of experience in business strategy, sustainability, and risk management. She will serve on both the Nominating and Governance Committee and the Audit Committee, helping to enhance Luxfer's strategic direction and shareholder value.
Luxfer Holdings PLC (NYSE: LXFR) reported its Q1 2022 financial results, with net sales of $97.0 million, marking a 13.8% increase from the previous year. However, GAAP diluted EPS decreased to $0.28, down $0.03, and adjusted EPS fell to $0.33, down $0.06. Adjusted EBITDA also declined by 9.0% to $16.1 million, reflecting supply chain challenges. Capital resources saw a $10.3 million cash outflow. The company raised its 2022 adjusted diluted EPS guidance from $1.30-$1.50 to $1.35-$1.50.
Luxfer Holdings PLC (NYSE: LXFR) will announce its Q1 2022 financial results on April 25, 2022, post-market. A conference call is scheduled for April 26, 2022, at 8:30 a.m. EDT to discuss these results. Investors can access the call by dialing (866) 342-8591 or (203) 518-9822, and a recording will be available for replay two hours after the call until May 10, 2022. Additional materials will be available on the Luxfer website.
Luxfer Holdings PLC (NYSE: LXFR) has appointed Andrew Butcher as CEO, effective May 6, 2022. This follows Alok Maskara's departure after five years of leadership, during which he positioned Luxfer for growth. The Board has unanimously supported Butcher, who has over 30 years at Luxfer, most recently as President of Luxfer Gas Cylinders. The company reaffirmed its financial guidance for the year. Butcher expressed excitement for leading the team towards growth and profitability, emphasizing the company's strong balance sheet and resilience amid challenges.
Lennox International Inc. (NYSE: LII) has appointed Alok Maskara as its new CEO, effective May 9, 2022, succeeding Todd Bluedorn who led the company for 15 years. Todd J. Teske will serve as Chairman of the Board and interim CEO until Maskara takes over. Maskara brings over 25 years of experience, previously serving as CEO of Luxfer Holdings PLC (NYSE: LXFR) and holding various leadership roles at Pentair PLC and General Electric. The company also reaffirmed its financial guidance for 2022, emphasizing its commitment to energy-efficient climate control solutions and sustainable practices.
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