Luxfer Reports Second Quarter 2024 Results With Sequential Margin Improvement

Business remains on track to deliver 2024 expectations, raises 2024 guidance to reflect recovery of legal expenses. 

Second Quarter 2024 Highlights

• Second-Quarter Sales: GAAP Net Sales of $99.7 million, declined 9.7% YoY, but rebounded 11.5% QoQ
• Profitability: Achieved sequential adjusted margin improvement for the past two quarters through operational efficiencies
• Legal Recovery: Recognized $5.1 million in legal expense recovery in this quarter
• Raises 2024 Guidance: Adjusted EBITDA $47 to $50 million, Adjusted EPS $0.90 to $1.00, Free Cash Flow $24 to $27 million
• Strategic Review: Sale of Graphic Arts is progressing as expected

MILWAUKEE--(BUSINESS WIRE)-- Luxfer Holdings PLC (NYSE: LXFR) (“Luxfer” or the “Company”), a global industrial company innovating niche applications in materials engineering, today announced financial results for the second quarter 2024, ended June 30, 2024.

Conference call information

Luxfer will conduct an investor teleconference at 8:30 a.m. ET Wednesday July 31, 2024. Investors can access this conference via any of the following:

• Webcast: Accessible by clicking on this link LXFR Q2 2024 Earnings
• Live Telephone: Call 800-579-2543 within the U.S. or (+1) 785-424-1789 outside the U.S. Please join the call at least 15 minutes before the start time (Conference ID:LXFRQ224).
• Webcast Replay: Available on Luxfer’s website beginning at approximately 4:30 p.m. Eastern Time on July 31, 2024.
• Telephone Replay: Call 800-839-2485 within the U.S. or +1 402-220-7222 outside the U.S. (for both U.S. and outside the U.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/20240730458431/en/

Kevin Cornelius Grant

Vice President of Investor Relations and Business Development

Kevin.Grant@luxfer.com

Source: Luxfer Holdings PLC