Luxfer Holdings plc (LXFR) Tops Q1 EPS by 2c, Revenues Beat; Maintains FY19 EPS Growth Outlook

Luxfer Holdings plc (NYSE: LXFR) reported Q1 EPS of $0.40, $0.02 better than the analyst estimate of $0.38. Revenue for the quarter came in at $120.4 million versus the consensus estimate of $115.85 million.

“We maintained favorable momentum across our business, including strong share gains driven by new products and commercial excellence efforts,” stated Luxfer’s Chief Executive Officer, Alok Maskara. “Our transformation plan to accelerate growth and deliver $24 million in net cost savings by 2021 is firmly on track. For 2019, we will continue to focus on productivity initiatives, including consolidating operations, as well as pursuing commercial excellence to capture share in our niche end-markets.”

Outlook

The Company maintains its 2019 EPS growth outlook of approximately 8%, due to anticipated lower shipments of disaster-relief products and short-term inefficiencies related to plant relocations.

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

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