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) 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.
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Luxfer Holdings PLC (NYSE: LXFR) reported a 15.6% drop in net sales for Q3 2020, totaling $90.4 million, impacted by COVID-19, particularly in the industrial and transportation markets. GAAP net income fell to $2.6 million or $0.09 per diluted share, down from $5.8 million or $0.21 per diluted share a year earlier. Adjusted net income declined 31% to $6.9 million. Free cash flow improved to $25.6 million. Despite current challenges, the company emphasizes strong cash flow and a robust balance sheet, but has refrained from providing future financial guidance.
Luxfer Holdings PLC (NYSE: LXFR) announced a quarterly dividend of 12.5 cents per ordinary share, payable on November 4, 2020, to shareholders recorded by October 16, 2020. Dividends will be issued in U.S. dollars, with options for holders not on NYSE to receive payment in pounds sterling. The company will also release its Q3 2020 financial results after market close on October 26, 2020, followed by a conference call on October 27, 2020, at 8:30 AM EDT.