Saturday, July 5

Finance

Luxfer Holdings (LXFR) reported a solid end to 2022 with net sales in the final quarter climbing 18.2% year-over-year to $116.7 million. That comfortably exceeded the $101.3 million consensus view and was driven by the best volume performances of the year from both the company’s Elektron and Gas Cylinders businesses. And with a lower tax rate helping to limit the ongoing negative impact on margins from inflation-driven input cost increases continuing to outpace its own pricing actions, growth-related headcount increases and some adverse production variances, adjusted earnings from continuing operations grew by 11% to 31 cents per share, which were in line with what analysts were expecting.

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