Luxfer Reports Second Quarter 2024 Results With Sequential Margin Improvement

Luxfer Holdings PLC (NYSE: LXFR) reported its Q2 2024 results, showing sequential margin improvement despite a 9.7% year-over-year decline in GAAP Net Sales to $99.7 million.

Rhea-AI Impact

(Moderate)

Rhea-AI Sentiment

(Very Positive)

Tags

earnings

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

07/30/2024 - 04:30 PM

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.