Luxfer Holdings Plc Stock Price, News & Analysis

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.

Luxfer Holdings PLC (NYSE: LXFR) will announce its Q1 2022 financial results on April 25, 2022, post-market. A conference call is scheduled for April 26, 2022, at 8:30 a.m. EDT to discuss these results. Investors can access the call by dialing (866) 342-8591 or (203) 518-9822, and a recording will be available for replay two hours after the call until May 10, 2022. Additional materials will be available on the Luxfer website.

Luxfer Holdings PLC (NYSE: LXFR) has appointed Andrew Butcher as CEO, effective May 6, 2022. This follows Alok Maskara's departure after five years of leadership, during which he positioned Luxfer for growth. The Board has unanimously supported Butcher, who has over 30 years at Luxfer, most recently as President of Luxfer Gas Cylinders. The company reaffirmed its financial guidance for the year. Butcher expressed excitement for leading the team towards growth and profitability, emphasizing the company's strong balance sheet and resilience amid challenges.

Lennox International Inc. (NYSE: LII) has appointed Alok Maskara as its new CEO, effective May 9, 2022, succeeding Todd Bluedorn who led the company for 15 years. Todd J. Teske will serve as Chairman of the Board and interim CEO until Maskara takes over. Maskara brings over 25 years of experience, previously serving as CEO of Luxfer Holdings PLC (NYSE: LXFR) and holding various leadership roles at Pentair PLC and General Electric. The company also reaffirmed its financial guidance for 2022, emphasizing its commitment to energy-efficient climate control solutions and sustainable practices.

Luxfer Holdings PLC (NYSE: LXFR) has declared a quarterly cash dividend of 13 cents per ordinary share, a 4% increase from the prior 12.5 cents. The annualized dividend now totals 52 cents per share, up from 50 cents. The next dividend payment is scheduled for May 4, 2022, to shareholders on record by April 14, 2022. CEO Alok Maskara emphasized the company's strong financial performance in 2021, returning approximately $20 million to shareholders. Additionally, Patrick Mullen has been appointed as the new Board Chair, succeeding David Landless.

Luxfer Holdings PLC (LXFR) reported a robust Q4 2021 with net sales of $98.7 million, a 20.2% increase, driven by the SCI acquisition and industrial products. GAAP EPS decreased to $0.13 from $0.24 due to restructuring charges. Adjusted EPS rose 3.7% to $0.28, and Adjusted EBITDA increased 5.8% to $14.6 million. For the full year, sales reached $374.1 million, a 15.2% growth, with an adjusted EPS up 25.2%. Luxfer provided 2022 EPS guidance of $1.30 - $1.50 and a long-term target of $2.00 by 2025.