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Stock impact report

Luxfer Reports Third Quarter 2024 Results With Ongoing Margin Improvement

Luxfer Holdings PLC Ordinary Shares (LXFR) 
Last luxfer holdings plc ordinary shares earnings: 4/27 04:30 pm Check Earnings Report
US:NYSE Investor Relations: luxfer.com/investors
Company Research Source: Business Wire
Raising 2024 guidance amid continuing strong efficiencies and enhanced profitability.Third Quarter 2024 HighlightsRaising 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. MILWAUKEE--(BUSINESS WIRE)--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, end Show less Read more
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