earnings
confidence high
sentiment negative
materiality 0.80
Luxfer Q3 GAAP EPS -$0.06, rev $97.4M; launches strategic review; cuts FY guidance
LUXFER HOLDINGS PLC
2023-Q3 EPS reported
$0.14
revenue$309,100,000
- GAAP net loss from cont ops $1.5M ($0.06 loss/dil share) vs prior year profit $8.5M ($0.31 EPS).
- Adjusted EBITDA $6.0M, down $10.1M YoY; adjusted diluted EPS $0.04, down from $0.35.
- Net sales $97.4M, down 2.8% YoY; Elektron segment sales -7.2%, Gas Cylinders +3.0%.
- Full-year adjusted EPS guidance cut to $0.51-$0.56 from prior $0.88-$1.00; withdraws $2.00 2025 target.
- Board engages investment bank for comprehensive strategic review; update expected by Feb 2024 earnings call.