NYSE$LXFR

Luxfer Holdings PLC · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Luxfer's Q2 2024 performance featured sequential margin improvement and raised full-year guidance due to legal expense recovery.

Luxfer reported GAAP net sales of $99.7 million, a 9.7% decrease year-over-year, but a rebound of 11.5% quarter-over-quarter. The company achieved sequential adjusted margin improvement for the past two quarters through operational efficiencies and recognized $5.1 million of legal expense recovery. Due to better performance and legal expense recovery, Luxfer raised its full-year 2024 guidance for Adjusted EBITDA, Adjusted EPS, and Free Cash Flow.

  • GAAP Net Sales reached $99.7 million, a 9.7% YoY decline, but an 11.5% QoQ increase.
  • Sequential adjusted margin improved for the past two quarters through operational efficiencies.
  • Recognized $5.1 million recovery of legal expenses.
  • Full-year 2024 guidance raised for Adjusted EBITDA to $47 to $50 million, Adjusted EPS to $0.90 to $1.00, and Free Cash Flow to $24 to $27 million.

Headline financials

Total Revenue

$99.7M

Previous: $110M-9.7%
EPS

-$0.02

Previous: $0.27-107.4%
Adjusted EBITDA

$17.3M

No prior period
Capital Expenditures

-$4.1M

Previous: -$4.9M+16.3%
Free Cash Flow

-$4.6M

Previous: -$200K-2200.0%
Net Income

-$500K

Previous: $4.7M-110.6%
Operating Income

$3.8M

Previous: $7.9M-51.9%
Gross Profit

$22M

Previous: $24.2M-9.1%
Cash & Equivalents

$4.3M

Previous: $7.9M-45.6%
Total Assets

$380M

Previous: $415M-8.5%
R&D Expense

$1.1M

No prior period
Stock-Based Comp

$800K

Previous: $700K+14.3%

Revenue & EPS history

Luxfer · Revenue · Quarterly

$99.7M

Q2 2024-9.7%vs Q2 2023
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 raised its full-year 2024 guidance due to better performance in the second quarter and the higher-than-anticipated recovery of legal expenses.

Tailwinds

  • Adjusted EBITDA is now expected to be between $47 million and $50 million.
  • Adjusted EPS is expected to be in the range of $0.90 to $1.00.
  • Free Cash Flow is expected to be between $24 million and $27 million.

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 Q2 2024

Historical avgQ2 2024

+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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