Brief: Luxfer Holdings Plc Withdraws 2020 Financial Guidance

Luxfer Holdings

27/04/2020 22:57

April 27 (Reuters) - Luxfer Holdings PLC  LXFR.N :
    * ANNOUNCES 2020 FIRST QUARTER FINANCIAL RESULTS; PROVIDES
COVID-19 UPDATE AND WITHDRAWS 2020 FINANCIAL GUIDANCE
    * Q1 SALES FELL 13.8 PERCENT TO 103.8 MILLION USD
    * Q1 EPS 0.22 USD VERSUS 0.14 USD LOSS YEAR AGO
    * WITHDRAWING 2020 FINANCIAL GUIDANCE GIVEN UNCERTAINTY
RELATED TO
COVID-19
    * CONTINUE TO MAKE PROGRESS ON TRANSFORMATION PLAN,
INCLUDING $1
MILLION OF Q1 NET COST REDUCTIONS
    * AT QUARTER END, COMPANY HAD NET DEBT OF $91.5 MILLION

Source text for Eikon:  ID:nBw3r3Km5a 
Further company coverage:  LXFR.N 

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