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LXFR Luxfer Holdings News Story

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Brief: Luxfer Q2 Sales USD 104 Million

Overview

Luxfer Q2 GAAP net sales rise 4.3% to $104 mln, beating estimates

Co completed sale of Graphic Arts, aims for cost efficiencies in Gas Cylinders

Outlook

Luxfer expects relocation project to save up to $4 mln annually

Result Drivers

DEFENSE AND AEROSPACE DEMAND - Strong demand in defense and aerospace sectors fueled sales growth

GRAPHIC ARTS SALE - Completed sale of Graphic Arts division, contributing to adjusted financial results

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 SalesBeat$104 mln$98.20 mln (1 Analyst)
Q2 Adjusted EPSBeat$0.3$0.2 (1 Analyst)
Q2 Adjusted EBITDABeat$14 mln$11.30 mln (1 Analyst)
Q2 Gross Profit$24 mln
Analyst Coverage Wall Street's median 12-month price target for Luxfer Holdings PLC is $17.00, about 28.4% above its July 28 closing price of $12.17 The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago Press Release: ID:nBwbLYlMfa (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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