Luxfer Holdings PLC Announces 2020 Second Quarter Financial Results with COVID-19 Update

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Luxfer Holdings plc (LXFR) Tops Q2 EPS by 3c, Revenues Beat

July 27, 2020 5:06 PM EDT

Luxfer Holdings plc (NYSE: LXFR) reported Q2 EPS of $0.17, $0.03 better than the analyst estimate of $0.14. Revenue for the quarter came in at $89.5 million versus the consensus estimate of $85.15 million.

Second Quarter 2020 Summary

(based on year-over-year comparisons unless otherwise noted)

Net sales of $89.5 million decreased 23.2%, including a 1.3% unfavorable impact from currency and a 2.7% decrease due to the divestiture of the Czech recycling operation 1GAAP net income of $4.1 million, including $0.8 million in restructuring expenses, improved from a net income of $3.5 million; adjusted net income of $4.7 million decreased 62.1%GAAP EPS of... More