Luxfer Holdings (NYSE:LXFR) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$99.4m (up 2.1% from 3Q 2023).
- Net income: US$12.6m (up from US$1.50m loss in 3Q 2023).
- Profit margin: 13% (up from net loss in 3Q 2023).
- EPS: US$0.47 (up from US$0.056 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Luxfer Holdings Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Machinery industry in the US.
Performance of the American Machinery industry.
The company's shares are up 19% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 3 warning signs for Luxfer Holdings you should be aware of.
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About NYSE:LXFR
Luxfer Holdings
Designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and first response, healthcare, transportation, and general industrial applications.
Flawless balance sheet and fair value.