Luxfer Reports First Quarter 2024 Results With Improved Profitability
Raises Adjusted EPS, Adjusted EBITDA and Free Cash Flow Guidance
First Quarter 2024 Highlights
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First-Quarter Sales: GAAP
Net Sales of$89.4 million , met the expectations set forth in the fourth quarter of 2023. - Profitability: Significant sequential improvement due to enhanced operational efficiencies and product mix.
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Cash Flow Generation: Strong performance in net cash provided from continuing operations, which totaled
$3.6 million for the quarter—an improvement of$18.0 million compared to first quarter 2023. -
Raises Guidance: Adjusted EBITDA
$44 to$48 million , Adjusted EPS$0.75 to$0.90 , Free Cash Flow$21 to$25 million .
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240430574859/en/
Conference call information
- Webcast can be accessed by clicking on this link LXFR Q1 2024 Earnings.
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Live Telephone: Call 800-901-2707 within the
U.S. or +1 785-424-1629 outside theU.S. Please join the call at least 15 minutes before the start time (Conference ID:LXFRQ124). -
Webcast Replay: Available on Luxfer’s website beginning at approximately
4:30 p.m. Eastern Time onMay 1, 2024 . -
Telephone Replay: Call 888-566-0150 within the
U.S. or +1 402-220-9185 outside theU.S. (for bothU.S. and outside theU.S. access code is 6639). - Presentation Material and Podcast: Earnings presentation material and podcasts can be accessed through the Investors portion of the Company’s website at luxfer.com under Quarterly Reports and Presentations.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240430574859/en/
Vice President of Investor Relations and Business Development
Kevin.Grant@luxfer.com
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