NYSE$LXFR

Luxfer Holdings PLC · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Luxfer's financial performance for Q1 2021 was announced, revealing a mix of challenges and strategic progress.

Luxfer Holdings PLC reported a decrease in net sales by 3.6% to $85.2 million, but GAAP net income increased to $8.6 million and adjusted EPS increased by 14.7% to $0.39. The company completed the acquisition of Structural Composites Industries (SCI) and the sale of its Graham, North Carolina aluminum cylinder facility.

  • Net sales decreased by 3.6% to $85.2 million, including a 3.4% benefit from currency.
  • GAAP net income increased to $8.6 million, and adjusted net income increased by 16.0% to $10.9 million.
  • GAAP EPS increased to $0.31, and adjusted EPS increased by 14.7% to $0.39.
  • Adjusted EBITDA increased by 12.0% to $17.7 million, with the adjusted EBITDA margin expanding to 20.8%.

Headline financials

Total Revenue

$85.2M

Previous: $104M-17.9%
EPS (adj)

$0.39

Previous: $0.30+30.0%
Adjusted EBITDA

$17.7M

Previous: $15.1M+17.2%
Adjusted EBITDA Margin

20.8%

Previous: 14.5%+43.4%
Capital Expenditures

-$1.4M

Previous: -$2.5M+44.0%
Free Cash Flow

$13.1M

Previous: $3.7M+254.1%
Net Income

$14.5M

Previous: $6.2M+133.9%
Operating Income

$11.1M

Previous: $8M+38.8%
Gross Profit

$25.2M

Previous: $24.5M+2.9%
Cash & Equivalents

$31.8M

Previous: $17.3M+83.8%
Total Assets

$388M

Previous: $393M-1.0%
Stock-Based Comp

$500K

Previous: $500K+0.0%

Revenue & EPS history

Luxfer · Revenue · Quarterly

$85.2M

Q1 2021-17.9%vs Q1 2020
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Revenue by segment

Luxfer · $90.7M total across 2 segments · Q4 2025

  • Elektron
    $46.9M-1.3%
  • Gas Cylinders
    $43.8M-9.7%

Forward guidance

Luxfer updated its financial guidance for 2021, expecting Adjusted EPS to be in the range of $1.10 to $1.30, which includes a $0.15 dilutive impact from the SCI acquisition.

Tailwinds

  • Strong balance sheet
  • Undrawn credit facility
  • Financial flexibility to continue investing in growth
  • Exploring acquisition opportunities
  • SCI expected to be accretive to 2022 earnings

Headwinds

  • Market uncertainty remains
  • $0.15 dilutive impact of SCI losses
  • SCI integration costs
  • Negative impact of COVID-19 on industrial end markets
  • Remaining Aluminum facilities divestiture by year-end

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.3%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+5.2%

Avg return

30 days after

47%

24 / 51 earnings

Positive

+23.5%

Q4 2023

Best reaction

-17.3%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.8%+16.5%+29.7%
Q4 2025-17.3%-16.9%-21.5%
Q3 2025-2.4%-6.2%-5.7%
Q2 2025-0.2%-7.3%+9.3%
Q1 2025+7.2%+10.1%+13.8%
Q4 2024-7.0%-11.8%-16.4%
Q3 2024+13.5%+11.2%+15.1%
Q2 2024-4.1%-14.1%-13.4%
Q1 2024+15.0%+20.7%+27.9%
Q4 2023+23.5%+28.6%+34.7%
Q3 2023-2.0%-3.6%-4.4%
Q2 2023-3.7%-10.0%-16.5%
Q1 2023-3.2%-4.2%-6.1%
Q4 2022-4.3%-3.9%-2.3%
Q3 2022-4.3%-9.0%-3.5%
Q2 2022+4.0%+6.9%+10.9%
Q1 2022-3.2%-5.3%-4.6%
Q4 2021-5.8%+3.2%+8.0%
Q3 2021-0.4%-2.2%+0.2%
Q2 2021+0.4%+5.4%+3.9%
Q1 2021+2.9%+8.3%+12.4%
Q4 2020+0.9%+3.3%+6.5%
Q3 2020-5.3%-9.1%+18.0%
Q2 2020+3.3%-2.8%+10.9%
Q1 2020+10.5%-10.1%-1.2%
Q4 2019+0.0%-5.2%-12.8%
Q3 2019-1.3%+5.7%+2.2%
Q2 2019-10.9%-14.7%-23.4%
Q1 2019+0.4%+1.5%-0.2%
Q4 2018+14.7%+29.7%+40.3%
Q3 2018+15.5%+21.0%+3.5%
Q2 2018+8.2%+8.1%+23.0%
Q1 2018+17.9%+10.6%+28.7%
Q4 2017-2.6%-10.3%-2.9%
Q3 2017+5.1%+5.6%+16.1%
Q2 2017-0.6%-5.2%-4.1%
Q1 2017+4.8%+6.6%+12.3%
Q4 2016+3.6%+6.8%+2.9%
Q3 2016-0.5%+1.0%+17.1%
Q2 2016+2.3%-2.5%-0.4%
Q1 2016+2.6%
Q4 2015-3.2%
Q3 2015-3.8%
Q2 2015-1.2%
Q1 2015-2.8%
Q4 2014-2.8%
Q1 2014-1.7%
Q3 2013-6.5%
Q2 2013+2.9%
Q1 2013+2.9%
Q4 2013+3.1%
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010

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