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Jun 27, 2021
Luxfer Q2 2021 Earnings Report
Luxfer's financial performance for the second quarter of 2021 showed significant growth, driven by strategic initiatives and the SCI acquisition.
Key Takeaways
Luxfer Holdings PLC reported a strong second quarter in 2021, with net sales increasing by 29.2% to $99.0 million and GAAP net income rising to $11.9 million, or $0.42 per diluted share. Adjusted EPS increased by 89.5% to $0.36, and adjusted EBITDA increased by 63.2% to $17.3 million.
Net sales increased by 29.2% to $99.0 million, including a 5.9% benefit from foreign currency.
GAAP net income increased to $11.9 million, or $0.42 per diluted share, compared to $4.6 million, or $0.16 per diluted share one year ago.
Adjusted EPS increased by 89.5% to $0.36 from $0.19.
Adjusted EBITDA increased 63.2% to $17.3 million; adjusted EBITDA margin of 17.5% expanded 370 basis points.
Forward Guidance
The company is narrowing its previously announced guidance of Adjusted EPS to the range of $1.15 to $1.30, including an estimated $0.10 dilutive impact of the SCI acquisition in the second half of the year.
Positive Outlook
- Retaining a strong balance sheet
- Maintaining financial flexibility to continue investing in growth
- Returning cash to shareholders
- Exploring acquisition opportunities
- Delivering long-term profitable growth and shareholder value creation
Challenges Ahead
- Estimated $0.10 dilutive impact of the SCI acquisition in the second half of the year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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