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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) has announced a quarterly dividend of 12.5 cents per ordinary share, payable on August 4, 2021. Shareholders must be on record by July 16, 2021, to receive the dividend in U.S. dollars, although holders not listed on the NYSE can opt for payments in pounds sterling. The company is set to release its second-quarter financial results after market close on July 26, 2021, followed by a conference call at 8:30 a.m. EDT on July 27, 2021.
Luxfer Holdings PLC (NYSE: LXFR) announced Q1 results, reporting a 3.6% drop in net sales to $85.2 million. Factors impacting sales included COVID-19, but growth in alternative fuel and military products partially offset declines. GAAP net income rose to $8.6 million ($0.31 per diluted share), while adjusted net income increased 16% to $10.9 million. Free cash flow improved, leading to a $26 million annualized savings from transformation initiatives. Guidance for adjusted EPS was raised to $1.10 to $1.30.
Luxfer Holdings PLC (NYSE: LXFR) announced that it will release its financial results for Q1 2021 post-market on April 26, 2021. A conference call is scheduled for April 27, 2021, at 8:30 a.m. U.S. Eastern Time, accessible via phone or webcast. The call will last approximately one hour, with a recording available for replay shortly after. Luxfer manufactures highly-engineered materials for various industries, emphasizing technical know-how and proprietary technologies.
Luxfer Holdings PLC (NYSE: LXFR) has declared an interim dividend of 12.5 cents per ordinary share, payable on May 5, 2021 to shareholders of record by April 16, 2021. Dividends will be issued in U.S. dollars, with the option for non-NYSE listed shareholders to receive payments in pounds sterling. This payment reflects Luxfer's commitment to value creation through its high-performance industrial materials used in defense, healthcare, and transportation sectors.
Luxfer Holdings PLC (NYSE:LXFR) has acquired the Structural Composites Industries (SCI) business from Worthington Industries, Inc. for $20 million in cash. This acquisition strengthens Luxfer's composite cylinder offering and enhances its capabilities in alternative fuels, particularly in compressed natural gas (CNG) and hydrogen sectors. The SCI team will join Luxfer's existing operations in Riverside, CA, contributing to a broader portfolio and increased innovation capacity. Luxfer expects the acquisition to be accretive to Adjusted EPS in 2022, with significant cost and revenue synergies anticipated within three years.
Luxfer Holdings PLC (NYSE: LXFR) reported a 4Q 2020 net sales of $82.1 million, down 0.2% year-over-year, with benefits from foreign currency. GAAP net income rose to $6.6 million or $0.24 per share, compared to $1.6 million or $0.06 per share last year. The company aims to divest non-strategic aluminum product lines, including Superform. Full-year results show a 13% decrease in sales to $324.8 million and a net income of $20.8 million. Guidance for 2021 expects adjusted EPS between $1.05 and $1.25.
Luxfer Holdings PLC (NYSE: LXFR) announced it will release its financial results for Q4 and the full year ending December 31, 2020, post-market on February 23, 2021. A conference call is scheduled for February 24, 2021, at 8:30 a.m. ET. U.S. participants can dial 877-341-8545, while international participants can call +1-908-982-4601, using conference ID 9578286. The call is expected to last one hour and will be accessible via live webcast. A replay will be available shortly after and can be accessed through the Luxfer website.
Luxfer Holdings PLC (NYSE: LXFR) has announced an interim dividend of 12.5 cents per ordinary share. The dividend is payable on February 4, 2021, for shareholders on record by January 15, 2021. Shareholders with NYSE-listed shares will receive payment in U.S. dollars, while others can opt for pounds sterling. This decision reflects Luxfer's commitment to delivering value to its shareholders through dividends.
Luxfer Holdings PLC (NYSE: LXFR) reported a 15.6% drop in net sales for Q3 2020, totaling $90.4 million, impacted by COVID-19, particularly in the industrial and transportation markets. GAAP net income fell to $2.6 million or $0.09 per diluted share, down from $5.8 million or $0.21 per diluted share a year earlier. Adjusted net income declined 31% to $6.9 million. Free cash flow improved to $25.6 million. Despite current challenges, the company emphasizes strong cash flow and a robust balance sheet, but has refrained from providing future financial guidance.
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