Luxfer Holdings plc (LXFR) Tops Q1 EPS by 4c, Revenues Beat; Withdraws FY20 Guidance

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Go back to Luxfer Holdings plc (LXFR) Tops Q1 EPS by 4c, Revenues Beat; Withdraws FY20 Guidance

Luxfer Holdings PLC Announces 2020 First Quarter Financial Results; Provides COVID-19 Update and Withdraws 2020 Financial Guidance

April 27, 2020 4:30 PM EDT

First Quarter 2020 Summary
(based on year-over-year comparisons unless otherwise noted)

Net sales of $103.8 million decreased 13.8%, including a 1.1% unfavorable impact from currency and a 3.7% decrease due to the divestiture of the Czech recycling operations GAAP net income of $6.2 million, including $2.8 million in restructuring and exceptional expenses, improved from a net loss of ($3.8) million; adjusted net income of $8.4 million decreased 25.0% GAAP EPS of $0.22, improved from ($0.14); adjusted EPS of $0.30 decreased 25% Adjusted EBITDA of $15.1 million decreased 18.4%; adjusted EBITDA margin of 14.5% decreased 90 basis points Withdrawing 2020 financial guidance given uncertainty... More