Luxfer Holdings: Rises on Q4 profit beat

Luxfer Holdings

24/02/2021 16:04

** Shares of engineered industrial materials manufacturer
 LXFR.N  up 2.2% at $19.90 
    ** LXFR posts Q4 adj. profit 27 cents/share above estimate
of 22 cents/share, according to Refinitiv IBES  urn:newsml:reuters.com:*:nBw6rTnlLa
    ** Says Q4 SG&A expenses and R&D costs fell 15% and ~42%
respectively; To divest its aluminum product lines
    ** Sees FY 2021 adj. profit in range of $1.05/share to
$1.25/share vs estimate of $1.21/share
    ** LXFR shares are up 18.5% this year, as of last close

 (Reporting by Lasya Priya M in Bengaluru)
 ((LasyaPriya.M@thomsonreuters.com;))