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 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.
Luxfer Gas Cylinders has partnered with Octopus Hydrogen to develop bulk gas transport modules for transporting green hydrogen across the UK. These 40ft Multiple Element Gas Containers (MEGC) can carry 1.1 tonnes of hydrogen and aim to tackle the infrastructure barriers hindering green hydrogen adoption in heavy goods transport and aviation. Production will begin in mid-2022 from Luxfer's Nottingham facility, leveraging their extensive experience in alternative fuel systems, contributing to the hydrogen economy and net zero goals.
Luxfer Holdings PLC (NYSE: LXFR) has announced a quarterly dividend of 12.5 cents per ordinary share, payable on August 4, 2021. Shareholders must be on record by July 16, 2021, to receive the dividend in U.S. dollars, although holders not listed on the NYSE can opt for payments in pounds sterling. The company is set to release its second-quarter financial results after market close on July 26, 2021, followed by a conference call at 8:30 a.m. EDT on July 27, 2021.
Luxfer Holdings PLC (NYSE: LXFR) announced Q1 results, reporting a 3.6% drop in net sales to $85.2 million. Factors impacting sales included COVID-19, but growth in alternative fuel and military products partially offset declines. GAAP net income rose to $8.6 million ($0.31 per diluted share), while adjusted net income increased 16% to $10.9 million. Free cash flow improved, leading to a $26 million annualized savings from transformation initiatives. Guidance for adjusted EPS was raised to $1.10 to $1.30.
Luxfer Holdings PLC (NYSE: LXFR) announced that it will release its financial results for Q1 2021 post-market on April 26, 2021. A conference call is scheduled for April 27, 2021, at 8:30 a.m. U.S. Eastern Time, accessible via phone or webcast. The call will last approximately one hour, with a recording available for replay shortly after. Luxfer manufactures highly-engineered materials for various industries, emphasizing technical know-how and proprietary technologies.
Luxfer Holdings PLC (NYSE: LXFR) has declared an interim dividend of 12.5 cents per ordinary share, payable on May 5, 2021 to shareholders of record by April 16, 2021. Dividends will be issued in U.S. dollars, with the option for non-NYSE listed shareholders to receive payments in pounds sterling. This payment reflects Luxfer's commitment to value creation through its high-performance industrial materials used in defense, healthcare, and transportation sectors.
Luxfer Holdings PLC (NYSE:LXFR) has acquired the Structural Composites Industries (SCI) business from Worthington Industries, Inc. for $20 million in cash. This acquisition strengthens Luxfer's composite cylinder offering and enhances its capabilities in alternative fuels, particularly in compressed natural gas (CNG) and hydrogen sectors. The SCI team will join Luxfer's existing operations in Riverside, CA, contributing to a broader portfolio and increased innovation capacity. Luxfer expects the acquisition to be accretive to Adjusted EPS in 2022, with significant cost and revenue synergies anticipated within three years.
Luxfer Holdings PLC (NYSE: LXFR) reported a 4Q 2020 net sales of $82.1 million, down 0.2% year-over-year, with benefits from foreign currency. GAAP net income rose to $6.6 million or $0.24 per share, compared to $1.6 million or $0.06 per share last year. The company aims to divest non-strategic aluminum product lines, including Superform. Full-year results show a 13% decrease in sales to $324.8 million and a net income of $20.8 million. Guidance for 2021 expects adjusted EPS between $1.05 and $1.25.
Luxfer Holdings PLC (NYSE: LXFR) announced it will release its financial results for Q4 and the full year ending December 31, 2020, post-market on February 23, 2021. A conference call is scheduled for February 24, 2021, at 8:30 a.m. ET. U.S. participants can dial 877-341-8545, while international participants can call +1-908-982-4601, using conference ID 9578286. The call is expected to last one hour and will be accessible via live webcast. A replay will be available shortly after and can be accessed through the Luxfer website.
Luxfer Holdings PLC (NYSE: LXFR) has announced an interim dividend of 12.5 cents per ordinary share. The dividend is payable on February 4, 2021, for shareholders on record by January 15, 2021. Shareholders with NYSE-listed shares will receive payment in U.S. dollars, while others can opt for pounds sterling. This decision reflects Luxfer's commitment to delivering value to its shareholders through dividends.