earnings
confidence high
sentiment negative
materiality 0.75
Luxfer Q4 2023 adj EPS $0.13, initiates sale of Graphic Arts, provides FY2024 guidance
LUXFER HOLDINGS PLC
2023-FY EPS reported
-$0.07
revenue$405,000,000
- Q4 GAAP net loss from cont ops $6.5M ($0.24 loss per share); adj net income $3.6M ($0.13 adj EPS).
- Full year GAAP net loss $2.6M ($0.10 loss per share); adj net income $21.6M ($0.80 per share).
- Initiated sale process for Graphic Arts, expects divestiture in 2024; no material synergies between Gas Cylinders and Elektron.
- 2024 guidance (excl Graphic Arts): adjusted sales -3% to +1%, adj EBITDA $42M-$46M, adj EPS $0.70-$0.85, FCF $20M-$24M.
- Free cash flow from cont ops $16.8M, up $9.3M YoY; net debt $69.9M, net debt to adj EBITDA 1.6x.