Luxfer Reports Third Quarter 2024 Results With Ongoing Margin Improvement
2024年10月30日 - 5:30AM
ビジネスワイヤ(英語)
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/
Kevin Cornelius Grant Vice President of Investor Relations and
Business Development Kevin.Grant@luxfer.com
Luxfer (NYSE:LXFR)
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