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Sep 26, 2021
Luxfer Q3 2021 Earnings Report
Luxfer's financial performance for Q3 2021, marked by revenue growth and strategic investments, was announced.
Key Takeaways
Luxfer Holdings PLC reported a 17.4% increase in net sales to $91.2 million for the third quarter of 2021. GAAP net income increased to $6.0 million, or $0.21 per diluted share, while adjusted EPS rose to $0.26. The company is narrowing its 2021 adjusted EPS guidance to $1.20 to $1.25.
Net sales increased by 17.4% to $91.2 million, including a 10.2% benefit from the SCI acquisition.
GAAP net income increased to $6.0 million, up from $2.4 million year-over-year.
GAAP EPS increased to $0.21, compared to $0.09 in the previous year.
Adjusted EPS guidance for 2021 was narrowed to $1.20 to $1.25.
Revenue by Segment
Forward Guidance
Luxfer is narrowing its previously announced guidance of Adjusted EPS to the range of $1.20 to $1.25, including an estimated $0.10 dilutive impact of the SCI acquisition.
Positive Outlook
- Retaining a strong balance sheet.
- Maintaining financial flexibility to invest in growth.
- Returning cash to shareholders.
- Exploring acquisition opportunities.
- Delivering long-term profitable growth and value creation.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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