ReutersReuters

Luxfer Q2 sales rise 4.3%, beat estimates

RefinitivLess than 1 min read

Overview

  • Luxfer Q2 GAAP net sales rise 4.3% to $104 mln, beating estimates

  • Co completed sale of Graphic Arts, aims for cost efficiencies in Gas Cylinders

Outlook

  • Luxfer expects relocation project to save up to $4 mln annually

Result Drivers

  • DEFENSE AND AEROSPACE DEMAND - Strong demand in defense and aerospace sectors fueled sales growth

  • GRAPHIC ARTS SALE - Completed sale of Graphic Arts division, contributing to adjusted financial results

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Sales

Beat

$104 mln

$98.20 mln (1 Analyst)

Q2 Adjusted EPS

Beat

$0.3

$0.2 (1 Analyst)

Q2 Adjusted EBITDA

Beat

$14 mln

$11.30 mln (1 Analyst)

Q2 Gross Profit

$24 mln

Analyst Coverage

  • Wall Street's median 12-month price target for Luxfer Holdings PLC is $17.00, about 28.4% above its July 28 closing price of $12.17

  • The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

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