earnings
confidence high
sentiment positive
materiality 0.75
Luxfer raises FY2024 guidance after strong Q3; Adj EBITDA up 75% YoY to $15.4M
LUXFER HOLDINGS PLC
2024-Q3 EPS reported
$0.55
revenue$288,500,000
- Q3 GAAP net sales $99.4M (+2.1% YoY); GAAP EPS $0.47 vs -$0.06 loss in Q3 2023.
- Adjusted EBITDA (excl Graphic Arts) $15.4M, up 75% YoY; margin 14.8%, third consecutive quarter of growth.
- Raising FY2024 guidance (excl legal recovery): Adj EPS $0.88-$0.94, Adj EBITDA $45M-$47M, FCF $35M-$37M.
- Lakehurst, NJ land sale closed Q3; cash proceeds $7.3M expected in Q4. Sale of Graphic Arts business expected H1 2025.
- Net debt $66.0M (1.4x leverage); repurchased 50k shares for $0.6M in Q3; dividends $3.5M.