Luxfer Holdings plc (LXFR) Tops Q1 EPS by 15c, Revenues Beat; Raises FY21 EPS Guidance

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Go back to Luxfer Holdings plc (LXFR) Tops Q1 EPS by 15c, Revenues Beat; Raises FY21 EPS Guidance

Luxfer Holdings PLC Announces First Quarter 2021 Financial Results

April 26, 2021 4:30 PM EDT

First Quarter 2021 Summary (all comparisons year-over-year unless otherwise noted; results exclude aluminum products discontinued operations)

Net sales of $85.2 million decreased 3.6%, including a 3.4% benefit from currency GAAP net income of $8.6 million, including $2.7 million in restructuring and other expenses, increased from $7.2 million; adjusted net income of $10.9 million increased 16.0% GAAP EPS of $0.31 increased from $0.26; adjusted EPS of $0.39 increased 14.7% Adjusted EBITDA of $17.7 million increased 12.0%; adjusted EBITDA margin of 20.8% increased 290 basis points

Strategic Updates

Completed acquisition of Structural Composites Industries (SCI) on March 15, 2021, which increased our participation in... More