Luxfer Holdings Plc Stock Price, News & Analysis

Luxfer Holdings PLC (NYSE: LXFR) has declared a quarterly dividend of 13 cents per ordinary share, payable on February 1, 2023, to shareholders on record as of January 13, 2023. The dividend will be disbursed in U.S. dollars through the Company’s agent for NYSE-listed shares, while non-listed shareholders have the option of receiving payment in pounds sterling. If previously selected, the currency preference will continue unless changed by January 12, 2023.

Luxfer Holdings PLC (NYSE: LXFR) reported a 9.9% increase in net sales to $100.2 million for Q3 2022, driven by inflation cost pass-through. GAAP diluted EPS grew to $0.31, while adjusted diluted EPS rose to $0.35. Adjusted EBITDA increased by 16.7% to $16.1 million despite foreign exchange losses of $4.9 million. The 2022 EPS guidance narrowed to $1.35 - $1.40 from $1.35 - $1.50. The Elektron segment outperformed, showing a 24.6% increase in net sales; however, the Gas Cylinders segment saw a 4.8% decline.

Luxfer Holdings PLC (NYSE: LXFR) announced a quarterly dividend of 13 cents per share, payable on November 2, 2022. Shareholders of record by October 14, 2022 will receive payment in U.S. dollars, with an option to switch to pounds sterling if previously elected.

The company will release its third-quarter financial results on October 25, 2022, followed by a conference call on October 26, 2022, at 8:30 a.m. EDT for a detailed review.

Luxfer Holdings PLC (NYSE: LXFR) reported net sales of $109.5 million for Q2 2022, marking a 10.6% increase year-over-year, primarily due to inflation and volume effects. GAAP diluted EPS dropped to $0.35, while adjusted EPS remained steady at $0.36. Adjusted EBITDA fell 2.3% to $16.9 million. The Elektron segment showed strong growth, with net sales up 20.8% to $63.4 million. Despite challenges from supply chain constraints and inflation impacting costs, the company reaffirmed its 2022 adjusted diluted EPS guidance of $1.35 to $1.50.

Janus International Group, Inc. (NYSE: JBI) announced the appointment of Heather Harding to its Board of Directors as a Class I Director and member of the Audit Committee, effective July 7, 2022. With over 25 years of financial leadership in global industrial companies, Harding previously served as CFO of Luxfer Holdings PLC (NYSE: LXFR). Her expertise is expected to enhance Janus's strategic growth and financial oversight as the company aims to strengthen its position in the self-storage and commercial sectors.

Luxfer Holdings PLC (NYSE: LXFR) has declared a quarterly dividend of 13 cents per share to be paid on August 3, 2022. Shareholders of record by July 15, 2022 will receive this dividend. The payment will be in U.S. dollars, with an option for shareholders to receive it in pounds sterling. Additionally, Luxfer will report its second quarter financial results on July 26, 2022, followed by a conference call on July 27, 2022, at 8:30 a.m. EDT.

Luxfer Holdings PLC (NYSE: LXFR) has appointed Sylvia A. Stein to its Board of Directors, effective August 1, 2022. Stein, currently Vice President and General Counsel at Modine Manufacturing Company (NYSE: MOD), brings over 20 years of experience in business strategy, sustainability, and risk management. She will serve on both the Nominating and Governance Committee and the Audit Committee, helping to enhance Luxfer's strategic direction and shareholder value.

Luxfer Holdings PLC (NYSE: LXFR) reported its Q1 2022 financial results, with net sales of $97.0 million, marking a 13.8% increase from the previous year. However, GAAP diluted EPS decreased to $0.28, down $0.03, and adjusted EPS fell to $0.33, down $0.06. Adjusted EBITDA also declined by 9.0% to $16.1 million, reflecting supply chain challenges. Capital resources saw a $10.3 million cash outflow. The company raised its 2022 adjusted diluted EPS guidance from $1.30-$1.50 to $1.35-$1.50.