Luxfer Reports Third Quarter 2024 Results With Ongoing Margin Improvement

10/29/24 4:30:00 PM ET

$LXFR

Major Chemicals

Industrials

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Raising 2024 guidance amid continuing strong efficiencies and enhanced profitability.

Third Quarter 2024 Highlights

Raising 2024 Guidance (Excluding Legal Recovery): Adjusted EPS: $0.88-$0.94; Adjusted EBITDA: $45-$47 million; Free Cash Flow: $35-$37 million, including legal recoveries and Lakehurst, NJ land sale.
Sustained Margin Growth: Achieved third consecutive quarter of Adjusted EBITDA margin growth, reaching 14.8%, demonstrating ongoing operational efficiency improvements.
Land Sale: Sold Lakehurst, NJ property in Q3, recognized profit and receivables impact. Cash proceeds of $7.3 million to be reflected in Q4, banked in early October.
Strategic Review: Sale of the Graphic Arts business is progressing and currently expected to close in H1 2025.

Luxfer Holdings PLC (NYSE:LXFR) ("Luxfer" or the "Company"), a global industrial company innovating niche applications in materials engineering, today announced financial results for the third quarter 2024, ended September 30, 2024.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241029040024/en/

Conference call information

Luxfer will conduct an investor teleconference at 8:30 a.m. ET on Wednesday October 30, 2024. Investors can access this conference via any of the following:

Webcast: Accessible by clicking on this link Luxfer Q3 2024 Earnings
Live Telephone: Call 800-579-2543 within the U.S. or +1 785-424-1789 outside the U.S. Please join the call at least 15 minutes before the start time (Conference ID:LXFRQ324).
Webcast Replay: Available on Luxfer's website beginning at approximately 4:30 p.m. Eastern Time on October 30, 2024.
Telephone Replay: Call 800-839-7406 within the U.S. or +1 402-220-6065 outside the U.S. (for both U.S. and outside the U.S. access code is 6639).
Presentation Material: Earnings presentation material and podcasts can be accessed through the Investors portion of the Company's website at luxfer.com under Quarterly Reports and Presentations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241029040024/en/

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Date

Price Target

Rating

Analyst

2/23/2022

$26.50 → $27.00

Buy

B. Riley Securities

Luxfer Reports Third Quarter 2024 Results With Ongoing Margin Improvement

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Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Chief Financial Officer Webster Stephen bought $17,007 worth of Ordinary Shares (1,475 units at $11.53), increasing direct ownership by 7% to 22,622 units (SEC Form 4)

Webster Stephen bought $10,152 worth of Ordinary Shares (1,200 units at $8.46), increasing direct ownership by 7% to 18,025 units (SEC Form 4)

Butcher Andrew bought $49,967 worth of Ordinary Shares (5,800 units at $8.62), increasing direct ownership by 5% to 124,534 units (SEC Form 4)

$LXFR
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Chief Financial Officer Webster Stephen converted options into 8,284 units of Ordinary Shares and sold $50,207 worth of Ordinary Shares (4,244 units at $11.83), increasing direct ownership by 18% to 26,662 units (SEC Form 4)

Director Hipple Richard J sold $41,162 worth of Ordinary Shares (4,108 units at $10.02) and converted options into 9,207 units of Ordinary Shares, increasing direct ownership by 48% to 15,803 units (SEC Form 4)

Director Stein Sylvia Ann converted options into 9,207 units of Ordinary Shares and sold $41,162 worth of Ordinary Shares (4,108 units at $10.02), increasing direct ownership by 106% to 9,901 units (SEC Form 4)

Luxfer Reports Third Quarter 2024 Results With Ongoing Margin Improvement

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$LXFR Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Chief Financial Officer Webster Stephen bought $17,007 worth of Ordinary Shares (1,475 units at $11.53), increasing direct ownership by 7% to 22,622 units (SEC Form 4)

Webster Stephen bought $10,152 worth of Ordinary Shares (1,200 units at $8.46), increasing direct ownership by 7% to 18,025 units (SEC Form 4)

Butcher Andrew bought $49,967 worth of Ordinary Shares (5,800 units at $8.62), increasing direct ownership by 5% to 124,534 units (SEC Form 4)

$LXFR Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Chief Financial Officer Webster Stephen converted options into 8,284 units of Ordinary Shares and sold $50,207 worth of Ordinary Shares (4,244 units at $11.83), increasing direct ownership by 18% to 26,662 units (SEC Form 4)

Director Hipple Richard J sold $41,162 worth of Ordinary Shares (4,108 units at $10.02) and converted options into 9,207 units of Ordinary Shares, increasing direct ownership by 48% to 15,803 units (SEC Form 4)

Director Stein Sylvia Ann converted options into 9,207 units of Ordinary Shares and sold $41,162 worth of Ordinary Shares (4,108 units at $10.02), increasing direct ownership by 106% to 9,901 units (SEC Form 4)

Recent Analyst Ratings for
$LXFR

$LXFR
Press Releases

$LXFR
Insider Purchases

$LXFR
Insider Trading