Luxfer Holdings plc (LXFR) Reports Q4 EPS of $0.40

Luxfer Holdings plc (NYSE: LXFR) reported Q4 EPS of $0.40, versus $0.24 reported last year. Revenue for the quarter came in at $110.9 million, versus $116.1 million reported last year.

Outlook

Luxfer continues to maintain the long-term target of 8-10% growth in annual adjusted Earnings Per Share. The Company expects 2019 EPS growth at the low end of the target range given the strong 64% EPS growth in 2018 and because of expected lower shipments of disaster-relief products.

“Business conditions remain firm, as we begin 2019,” stated Mr. Maskara. “Looking ahead, we have multiple opportunities to increase profit margins by driving lean manufacturing and continuing on our transformation journey. Our 2019 sales growth outlook assumes that the strong hurricane-related sales that took place in the first half of 2018 are not likely to recur in 2019. In addition, for 2019, we expect to further improve profitability by exiting lower margin product lines.”

For earnings history and earnings-related data on Luxfer Holdings plc (LXFR) click here.

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