Luxfer Q2 sales down 9.7% YoY but up 11.5% QoQ; raises 2024 guidance on legal recovery

LUXFER HOLDINGS PLC

2024-Q2 EPS reported $0.08 revenue$189,100,000

Q2 GAAP net sales $99.7M, down 9.7% YoY; GAAP net loss $0.4M ($0.01 loss per diluted share).
Adjusted diluted EPS $0.39, up 34.5% YoY, but excluding $5.1M legal recovery adjusted EPS $0.24.
Raises FY 2024 guidance: Adjusted EBITDA $47-50M, Adjusted EPS $0.90-1.00, FCF $24-27M.
Elektron segment sales fell 20.8% to $42.0M; Gas Cylinders grew 2.7% to $49.8M.
Sequential adjusted margin improvement for two quarters; sale of Graphic Arts progressing.

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