Luxfer Holdings plc (LXFR) Tops Q4 EPS by 5c, Revenues Miss; Offers FY21 EPS Mid-Point Guidance Below Consensus

Luxfer Holdings plc (NYSE: LXFR) reported Q4 EPS of $0.27, $0.05 better than the analyst estimate of $0.22. Revenue for the quarter came in at $82.1 million versus the consensus estimate of $89.25 million.

• Net sales of $82.1 million decreased 0.2%, including a 1.2% benefit from currency
• GAAP net income of $6.6 million, including $1.5 million in restructuring and other expenses, increased from $1.6 million in the prior year; adjusted net income of $7.7 million increased 35%
• GAAP EPS of $0.24 increased from $0.06; adjusted EPS of $0.27 increased 35%
• Adjusted EBITDA of $13.8 million increased 21.1%; adjusted EBITDA margin of 16.8% increased 290 basis points

GUIDANCE:

Luxfer Holdings plc sees FY2021 EPS of $1.05-$1.25, versus the consensus of $1.21.

“While significant market uncertainty remains, we have gained more visibility into customer demand patterns and are providing broad financial guidance for 2021. We expect Adjusted EPS to be in the range of $1.05 - $1.25. We have a strong balance sheet and undrawn credit facility, which provides financial flexibility for us continue investing for growth and explore portfolio opportunities to build an even stronger company,” added Maskara.

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

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