Luxfer: Falls as fewer hurricanes dampen sales, outlook

Luxfer Holdings

12/03/2019 15:09

** Shares of Luxfer Holdings  LXFR.N  down ~2 pct after
rising as much as ~8.6 pct in early trading
    ** Co reported lower revenue for Q4; expects 2019 EPS growth
at lower end of long-term 8 to 10 pct growth target
    ** Q4 rev down ~4.5 pct to $110.9 mln, hurt by lower
shipments of disaster-relief products due to fewer hurricanes
and unfavorable foreign currency movement
    ** Higher restructuring charges in qtr widened net loss to
$0.31/share vs $0.04/share a year ago; adj income rose to
$0.40/shr from $0.24  urn:newsml:reuters.com:*:nBwb0WJTla
    ** Co also cautious on sales outlook for 2019 as "strong
hurricane-related sales that took place in the first half of
2018 are not likely to recur in 2019"
    ** Up to Monday's close, stock had risen ~17 pct YTD

 (Reporting by Shariq Khan in Bengaluru)
 ((RM: shariq.khan.thomsonreuters.com@reuters.net))