Luxfer pre-announces Q3 adj EPS ~$0.04, net sales $97M; full-year guidance cut

LUXFER HOLDINGS PLC

2023-Q3 EPS reported $0.14 revenue$309,100,000

Preliminary Q3 net sales of $97 million and adjusted EPS of approx $0.04, well below expectations.
Full-year 2023 adjusted EPS guidance now tracking meaningfully lower than prior outlook.
Demand weakness, magnesium supply disruption, and competitive costs hit results, especially in Graphic Arts.
Graphic Arts turnaround plan includes headcount reduction; company accelerating strategic review.
Solid balance sheet with ample liquidity; full details on October 26 earnings call.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

LUXFER HOLDINGS PLC updated its third quarter ended October 1, 2023 guidance (lowered).

Period: third quarter ended October 1, 2023
Guidance: lowered
Result: preliminary results

Exact text from the filing

The Company currently expects Q3 net sales of $97 million and adjusted earnings per share of approximately $0.04.

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Source: SEC EDGAR

accession 0001096056-23-000044

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