Overview

* Luxfer ( LXFR ) Q2 GAAP net sales rise 4.3% to $104 mln, beating estimates

* Co completed sale of Graphic Arts, aims for cost efficiencies in Gas Cylinders

Outlook

* Luxfer ( LXFR ) expects relocation project to save up to $4 mln annually

Result Drivers

* DEFENSE AND AEROSPACE DEMAND - Strong demand in defense and aerospace sectors fueled sales growth

* GRAPHIC ARTS SALE - Completed sale of Graphic Arts division, contributing to adjusted financial results

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $104 mln $98.20

mln (1

Analyst)

Q2 Beat $0.3 $0.2 (1

Adjusted Analyst)

EPS

Q2 Beat $14 mln $11.30

Adjusted mln (1

EBITDA Analyst)

Q2 Gross $24 mln

Profit

Analyst Coverage

* Wall Street's median 12-month price target for Luxfer Holdings PLC ( LXFR ) is $17.00, about 28.4% above its July 28 closing price of $12.17

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)