Luxfer Reports Third Quarter 2024 Results With Ongoing Margin Improvement
Raising 2024 guidance amid continuing strong efficiencies and enhanced profitability.
Third Quarter 2024 Highlights
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Raising 2024 Guidance (Excluding Legal Recovery): Adjusted EPS:
$0.88-$0.94 ; Adjusted EBITDA:$45-$47 million ; Free Cash Flow:$35-$37 million , including legal recoveries andLakehurst, NJ land sale. - Sustained Margin Growth: Achieved third consecutive quarter of Adjusted EBITDA margin growth, reaching 14.8%, demonstrating ongoing operational efficiency improvements.
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Land Sale: Sold
Lakehurst, NJ property in Q3, recognized profit and receivables impact. Cash proceeds of$7.3 million to be reflected in Q4, banked in early October. - Strategic Review: Sale of the Graphic Arts business is progressing and currently expected to close in H1 2025.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241029040024/en/
Conference call information
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Webcast: Accessible by clicking on this link
Luxfer Q3 2024 Earnings -
Live Telephone: Call 800-579-2543 within the
U.S. or +1 785-424-1789 outside theU.S. Please join the call at least 15 minutes before the start time (Conference ID:LXFRQ324). -
Webcast Replay: Available on Luxfer’s website beginning at approximately
4:30 p.m. Eastern Time onOctober 30, 2024 . -
Telephone Replay: Call 800-839-7406 within the
U.S. or +1 402-220-6065 outside theU.S. (for bothU.S. and outside theU.S. access code is 6639). - Presentation Material: Earnings presentation material and podcasts can be accessed through the Investors portion of the Company’s website at luxfer.com under Quarterly Reports and Presentations.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241029040024/en/
Vice President of Investor Relations and Business Development
Kevin.Grant@luxfer.com
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