Welcome to our dedicated page for Luxfer Holdings news (Ticker: LXFR), a resource for investors and traders seeking the latest updates and insights on Luxfer Holdings stock.
Luxfer Holdings PLC reports news on a global industrial materials engineering business that manufactures high-performance materials, components and high-pressure gas containment devices. Its updates center on specialty applications for defense and emergency response, clean energy, healthcare, transportation, aerospace and industrial markets, including activity in Elektron specialty materials and Gas Cylinders products.
Recurring announcements cover quarterly and annual results, margin and cash-flow trends, portfolio focus, operational excellence initiatives, quarterly dividends and earnings conference calls. Company releases also reference proprietary technologies, manufacturing expertise and end-market demand for magnesium- and zirconium-based materials, composite cylinders and related engineered products.
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. The company achieved an 11.5% quarter-over-quarter rebound and recognized a $5.1 million legal expense recovery. Luxfer raised its 2024 guidance, projecting Adjusted EBITDA of $47-$50 million, Adjusted EPS of $0.90-$1.00, and Free Cash Flow of $24-$27 million. The strategic sale of the Graphic Arts division is progressing as expected. Luxfer will host an investor teleconference on July 31, 2024, at 8:30 a.m. ET to discuss these results.
Luxfer Holdings PLC (NYSE: LXFR), a global industrial company specializing in materials engineering, has announced the details for its second quarter 2024 earnings conference call. The call is scheduled for Wednesday, July 31, 2024, at 8:30 a.m. Eastern Time. Key participants will include CEO Andy Butcher, CFO Steve Webster, and VP of Investor Relations Kevin Grant.
Investors can join the call using the following details:
- US/Canada: 800-579-2543
- International: (+1) 785-424-1789
- Conference ID: LXFRQ224
Luxfer Holdings (NYSE: LXFR) has announced a quarterly dividend of 13 cents per share. The dividend will be paid on August 07, 2024, to shareholders who are on record by July 19, 2024. This announcement reflects the company's commitment to providing consistent returns to its shareholders.
Luxfer Gas Cylinders, part of Luxfer Holdings PLC (NYSE: LXFR), has launched the G-Stor® Hydrosphere, a new range of Multiple Element Gas Containers (MEGCs) designed for efficient hydrogen transportation. Unveiled at the World Hydrogen Summit in Rotterdam, these high-capacity MEGCs utilize Luxfer's Type 4 (G-Stor® Go H2) cylinder technology to store and transport over 1 ton of hydrogen, offering the best price per kilogram. The system aims to overcome hydrogen supply chain barriers, promoting safe and sustainable transportation. The G-Stor® Hydrosphere features standardized filling and discharge couplings, significant safety features, and complies with international standards. It will be manufactured at Luxfer’s new facility in Nottingham, UK.
Luxfer Gas Cylinders, a division of Luxfer Holdings PLC, has been awarded a clean technology grant from Alberta Innovates Hydrogen Centre of Excellence to develop a new Type 4 700 bar hydrogen cylinder. This innovative cylinder will reduce manufacturing time and components while storing gaseous pressure up to 700 bar, catering to growth markets like fuel cell transit buses and heavy-duty trucks.
Luxfer Holdings PLC (NYSE: LXFR) reported improved profitability in the first quarter of 2024, with GAAP net sales of $89.4 million meeting expectations. The company saw significant sequential improvement in profitability due to operational efficiencies and product mix. Net cash provided from continuing operations improved by $18.0 million compared to the first quarter of 2023. Luxfer raised its guidance for Adjusted EBITDA to $44-$48 million, Adjusted EPS to $0.75-$0.90, and Free Cash Flow to $21-$25 million.
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