Luxfer Holdings plc (LXFR) Tops Q2 EPS by 7c; Narrows Guidance Range
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Luxfer Holdings PLC Announces Second Quarter 2021 Financial Results
July 26, 2021 4:30 PM EDTSecond Quarter 2021 Summary (all comparisons year-over-year unless otherwise noted; results exclude aluminum products discontinued operations)
Net sales of $99.0 million increased 29.2%, including a 5.9% benefit from foreign currency GAAP net income of $11.9 million, including $0.9 million in restructuring and other expenses, increased from $4.6 million; adjusted net income of $10.2 million increased 96.2% GAAP EPS of $0.42 increased from $0.16; adjusted EPS of $0.36 increased 89.5% Adjusted EBITDA of $17.3 million increased 63.2%; adjusted EBITDA margin of 17.5% increased 370 basis points Narrowing 2021 adjusted EPS guidance range to $1.15 to $1.30, including approximately $0.10 dilutive impact of SCI losses in the second half; continue to expect... More