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
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$104 mln
$98.20 mln (1 Analyst)
Q2 Adjusted EPS
Beat
$0.3
$0.2 (1 Analyst)
Q2 Adjusted EBITDA
Beat
$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.)