Welcome to our dedicated page for Luxfer Holdings Plc news (Ticker: LXFR), a resource for investors and traders seeking the latest updates and insights on Luxfer Holdings Plc stock.
Luxfer Holdings PLC (LXFR) delivers mission-critical materials solutions for aerospace, healthcare, and industrial markets through its advanced gas cylinders and proprietary alloys. This news hub provides investors and industry professionals with essential updates on the company's strategic developments and market position.
Access authoritative coverage of LXFR's financial announcements, product innovations, and operational milestones. Our curated collection includes earnings reports, partnership disclosures, and technology breakthroughs in materials engineering – all vital for understanding this industrial manufacturer's trajectory.
Key updates feature developments in:
• High-pressure gas cylinder technology
• Advanced magnesium alloy applications
• Defense and medical sector solutions
• Global manufacturing expansions
Bookmark this page for streamlined access to LXFR's official communications and third-party analysis. Monitor the company's progress in creating lightweight, corrosion-resistant solutions that meet stringent safety requirements across multiple industries.
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.
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