Luxfer Holdings PLC Announces 2020 First Quarter Financial Results; Provides COVID-19 Update and Withdraws 2020 Financial Guidance

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Go back to Luxfer Holdings PLC Announces 2020 First Quarter Financial Results; Provides COVID-19 Update and Withdraws 2020 Financial Guidance

Luxfer Holdings plc (LXFR) Tops Q1 EPS by 4c, Revenues Beat; Withdraws FY20 Guidance

April 27, 2020 4:34 PM EDT

Luxfer Holdings plc (NYSE: LXFR) reported Q1 EPS of $0.30, $0.04 better than the analyst estimate of $0.26. Revenue for the quarter came in at $103.8 million versus the consensus estimate of $101.7 million.

First Quarter 2020 Summary

(based on year-over-year comparisons unless otherwise noted)

Net sales of $103.8 million decreased 13.8%, including a 1.1% unfavorable impact from currency and a 3.7% decrease due to the divestiture of the Czech recycling operationsGAAP net income of $6.2 million, including $2.8 million in restructuring and exceptional expenses, improved from a net loss of ($3.8) million; adjusted net income of $8.4 million decreased 25.0%GAAP EPS of $0.22, improved from... More