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Mar 29, 2020
Luxfer Q1 2020 Earnings Report
Net sales decreased due to the divestiture of the Czech recycling operations and the COVID-19 pandemic impact, while GAAP EPS improved from prior year.
Key Takeaways
Luxfer Holdings PLC reported a decrease in net sales by 13.8% to $103.8 million, impacted by the COVID-19 pandemic and the divestiture of Czech recycling operations. GAAP net income improved to $6.2 million, or $0.22 per diluted share, while adjusted EPS decreased by 25% to $0.30. The company withdrew its 2020 financial guidance due to the uncertain economic conditions.
Net sales decreased 13.8% to $103.8 million, including impacts from currency and divestiture.
GAAP net income improved to $6.2 million, or $0.22 per diluted share.
Adjusted EPS decreased 25% to $0.30.
2020 financial guidance was withdrawn due to COVID-19 uncertainty.
Revenue by Segment
Forward Guidance
Due to the economic uncertainty related to the COVID-19 pandemic, Luxfer is withdrawing its financial guidance for 2020 provided on March 5.
Positive Outlook
- Focus on controllable business measures
- Cost reductions
- Cash generation
- Strong balance sheet
- Large existing credit facility
Challenges Ahead
- Extreme uncertain and volatile market conditions
- Significant near-term impact on business
- Suspended operations at certain facilities
- Reduced capacity at others
- Potential supply constraints
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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