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Luxfer Q3 results miss on soft end-market demand, competitive pressures

By Reuters News


Overview

  • Materials engineering firm's Q3 sales declined 4% yr/yr

  • Adjusted EPS for Q3 fell 17% yr/yr

  • Company generated positive free cash flow and reduced net debt in Q3


Outlook

  • Company did not provide specific financial guidance for upcoming quarters or full year


Result Drivers

  • END MARKET DEMAND - Co cited demand conditions, customer purchasing behavior, and competitive pressures as factors affecting results

  • SUPPLY CHAIN AND COSTS - Co pointed to supply chain disruption and raw material cost volatility as impacting performance


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Miss

$91.70 mln

$93.80 mln (2 Analysts)

Q3 Adjusted EPS

Miss

$0.25

$0.28 (2 Analysts)

Q3 Adjusted EBITDA

Miss

$12.20 mln

$13.05 mln (2 Analysts)


Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

  • Wall Street's median 12-month price target for Luxfer Holdings PLC is $18.75, about 8.6% above its October 27 closing price of $17.26

  • The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago


Reuters Recommended Reads

  • Oct 27 - DMC Global Q3 sales rise 14% on commercial aluminum

  • Oct 27 - Corning beats Q3 core sales, EPS estimates

  • Oct 26 - Nucor beats Q3 sales estimates on steel mills unit growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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