Luxfer Reports First Quarter 2024 Results With Improved Profitability

Raises Adjusted EPS, Adjusted EBITDA and Free Cash Flow Guidance  

First Quarter 2024 Highlights

• 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.
• 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.

Luxfer Holdings PLC (NYSE: LXFR) (“Luxfer” or the “Company”), a global industrial company innovating niche applications in materials engineering, today announced financial results for the first quarter 2024, ended March 31, 2024.

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Conference call information

Luxfer will conduct an investor teleconference at 8:30 a.m. ET Wednesday, May 1, 2024. Investors can access this conference via any of the following:

• Webcast can be accessed by clicking on this link LXFR Q1 2024 Earnings.
• Live Telephone: Call 800-901-2707 within the U.S. or +1 785-424-1629 outside the U.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 on May 1, 2024.
• Telephone Replay: Call 888-566-0150 within the U.S. or +1 402-220-9185 outside the U.S. (for both U.S. and outside the U.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.

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