earnings
confidence high
sentiment neutral
materiality 0.70
Luxfer reports Q4 adj. EPS $0.13, initiates Graphic Arts sale; FY24 guidance adj. EBITDA $42-46M
LUXFER HOLDINGS PLC
2023-FY EPS reported
-$0.07
revenue$405,000,000
- Q4 GAAP net loss $6.5M ($0.24 loss); adjusted net income $3.6M ($0.13). Revenue $95.9M (-17.8% YoY).
- Full year adj. net sales $373.5M (-2.9% YoY), adj. EBITDA $43.3M, adj. EPS $0.80.
- Strategic review: sale process for Graphic Arts initiated; Deutsche Bank engaged. No material synergies between Gas Cylinders and Elektron.
- FY2024 guidance excl. Graphic Arts: adj. sales -3% to +1%, adj. EBITDA $42-46M, adj. EPS $0.70-0.85, FCF $20-24M.
- Net cash from ops $26.2M (+$10.4M YoY); free cash flow $16.8M; net debt $69.9M (1.6x adj. EBITDA).