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.
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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.