Luxfer Q2 sales rise 4.3%, beat estimates
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: