Luxfer Holdings PLC Announces 2020 Third Quarter Financial Results

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Go back to Luxfer Holdings PLC Announces 2020 Third Quarter Financial Results

Luxfer Holdings plc (LXFR) Misses Q3 EPS by 10c, Revenues Beat; Offers 4Q Revenue Outlook

October 26, 2020 4:36 PM EDT

Luxfer Holdings plc (NYSE: LXFR) reported Q3 EPS of $0.09, $0.10 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $90.4 million versus the consensus estimate of $89.77 million.

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

Net sales of $90.4 million decreased 15.6%, including a 1.4% benefit from currencyGAAP net income of $2.6 million, which includes $4.3 million in restructuring expenses, decreased from a net income of $5.8 million; adjusted net income of $6.9 million decreased 31%GAAP EPS of $0.09 decreased from $0.21; adjusted EPS of $0.25 decreased 30.6%Adjusted EBITDA of $14.2 million decreased 15.0%; adjusted... More