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

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

July 27, 2020 5:00 PM EDT

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 1 GAAP 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 $0.15, improved from $0.13; adjusted EPS of $0.17 decreased 61.4% Adjusted EBITDA of $10.4 million decreased 48.5%; adjusted EBITDA margin of 11.6% decreased 570 basis points Free cash flow of $12.1 million increased... More