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 (NYSE: LXFR) is frequently featured in business and regulatory news as a global industrial company focused on niche applications in materials engineering. Its news flow often centers on how its high-performance materials, components, and high-pressure gas containment devices support end markets such as defense and emergency response, clean energy, healthcare, transportation, and specialty industrial applications.
On this news page, readers can find earnings announcements and financial updates where Luxfer reports GAAP and non-GAAP results, discusses segment performance, and comments on demand trends in areas like defense and aerospace. These releases typically explain how management views Adjusted Net Sales, Adjusted EBITDA, and Adjusted EPS, and how these non-GAAP measures relate to the company’s strategic and operational decisions.
Luxfer’s news also includes capital allocation updates, such as declarations of interim or quarterly dividends on its ordinary shares, with details on record dates and payment dates disclosed through both press releases and Form 8-K filings. In addition, the company issues announcements about strategic actions, including the divestiture of its Graphic Arts business to Vulcan Metals Specialty Products, Inc., and initiatives that sharpen its focus on the core Gas Cylinders and Elektron segments.
Governance and leadership developments appear as well, such as the appointment of new non-executive directors with experience in aerospace, defense, and international operations. Investors and observers who follow LXFR news can use this page to track how Luxfer communicates its strategy, portfolio changes, operational initiatives, and shareholder returns over time.
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.
Luxfer Holdings PLC (NYSE: LXFR) announced the retirement of CFO Heather Harding, effective March 1, 2022, with Steve Webster appointed as her successor. Webster, who has been Corporate Controller for six years, will ensure continuity during the transition. The company expressed gratitude to Harding for her leadership during her tenure. Additionally, Luxfer will report its fourth quarter and full year 2021 financial results after market close on February 21, 2022, followed by a conference call on February 22 to discuss these results.
Luxfer Holdings PLC (NYSE: LXFR) has declared an interim dividend of 12.5 cents per ordinary share, payable on February 2, 2022, to shareholders of record as of January 14, 2022. Payments will be made in U.S. dollars through the Company’s dividend disbursing agent, with options for holders of non-NYSE listed shares to receive payments in pounds sterling. This declaration reflects Luxfer's commitment to returning value to its shareholders amidst its focus on niche applications in materials engineering.
Luxfer Holdings PLC (NYSE: LXFR) announced actions to strengthen its balance sheet concerning its frozen U.S. and U.K. pension plans. The company plans a special one-time payment of $12.7 million to its U.K. Defined Benefit Pension Plan, which is expected to reduce the pension deficit significantly, potentially reaching zero by year-end 2021. Additionally, Luxfer is terminating its U.S. Pension Plan, with completion projected within 12 to 18 months. The CEO highlighted that these steps create strategic flexibility for enhancing shareholder value.
Luxfer Holdings PLC (NYSE: LXFR) reported a 17.4% increase in net sales to $91.2 million for Q3 2021, aided by a 10.2% boost from the SCI acquisition. GAAP net income rose to $6.0 million or $0.21 per share, up from $2.4 million a year prior. Adjusted EPS increased to $0.26, up 8.3%. While adjusted EBITDA grew by 0.7% to $13.8 million, the margin decreased by 250 basis points due to SCI performance. The company narrowed its 2021 EPS guidance to $1.20 - $1.25.
Luxfer Holdings PLC (NYSE: LXFR) has declared an interim dividend of 12.5 cents per ordinary share, payable on November 3, 2021. Shareholders of record by October 15, 2021 will receive the payment, which will be in U.S. dollars, with an option for holders of non-NYSE shares to choose pounds sterling. Additionally, Luxfer plans to release its third-quarter financial results after market close on October 25, 2021, followed by a conference call on October 26, 2021, to discuss these results.
Luxfer Holdings PLC (NYSE: LXFR) announced that David Landless will not seek re-election at the Company's 2022 Annual General Meeting, following corporate governance guidelines recommending retirement after nine years. Landless has served on the board since 2013, becoming Chair in 2019. The Company will announce his successor soon. Additionally, Patrick K. Mullen has been appointed as a Non-Executive Director effective September 1, 2021, bringing over 30 years of industrial experience, including leadership roles at Chicago Bridge & Iron Company and Honeywell's UOP division.
Luxfer Holdings PLC (NYSE: LXFR) reported strong financial results for Q2 2021, with net sales rising 29.2% to $99.0 million, aided by foreign currency benefits and the SCI acquisition. GAAP net income increased to $11.9 million ($0.42 per diluted share) compared to $4.6 million ($0.16 per diluted share) a year ago. Adjusted net income surged 96.2% to $10.2 million ($0.36 per diluted share). The company narrowed its 2021 Adjusted EPS guidance to $1.15 to $1.30, factoring in the SCI acquisition's impact.