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LXFR — Luxfer Holdings News Story

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UK's Luxfer to be acquired by Wynnchurch

UK's Luxfer to be acquired by Wynnchurch


Overview

  • UK materials engineering firm's Q2 sales and adjusted EPS declined yr/yr

  • Adjusted EBITDA for Q2 fell 4.3% from prior year

  • Company to be acquired by Wynnchurch Capital for $17.37 per share in cash


Outlook

  • Company did not provide specific guidance due to pending acquisition


Result Drivers

  • MARGIN IMPROVEMENT - Adjusted gross margin increased 130bps to 25.2% despite lower sales


Company press release: ID:nBw1s9YMga


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Sales

Beat

$95.70 mln

$90.30 mln (1 Analyst)

Q2 Adjusted EPS

Beat

$0.29

$0.28 (1 Analyst)

Q2 Adjusted EBITDA

Beat

$13.40 mln

$12.70 mln (1 Analyst)


Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

  • Wall Street's median 12-month price target for Luxfer Holdings PLC is $19.50, about 13.9% above its July 27 closing price of $17.12

  • The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 11 three months ago


Reuters Recommended Reads

  • July 27 - TransDigm to buy metal parts maker Prince & Izant for $1.07 billion

  • July 28 - UK's Bodycote H1 revenue rises on aerospace demand

  • July 27 - Ireland's DCC Energy to go private in $7.7 billion deal with KKR, Energy Capital


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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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