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

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Luxfer Holdings PLC Announces 2020 Third Quarter Financial Results

October 26, 2020 4:30 PM EDT

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 currency GAAP 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 EBITDA margin of 15.7% increased 10 basis points Free cash flow of $25.6 million increased from an outflow of $1.2 million in the prior year Net debt to EBITDA ratio of... More