Luxfer Holdings PLC Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Luxfer Holdings PLC has filed its quarterly report (10-Q) for the period ending March 31, 2024, detailing financial information and operational segments.</b>

AI Summary

LUXFER HOLDINGS PLC (LXFR) filed a Quarterly Report (10-Q) with the SEC on April 30, 2024. Luxfer Holdings PLC filed a 10-Q report for the quarterly period ended March 31, 2024. The filing covers the period from January 1, 2024, to March 31, 2024. The company's fiscal year ends on December 31st. Luxfer Holdings PLC is incorporated in X0 and its principal executive offices are located in Manchester, UK. The filing includes financial data related to various equity and liability accounts for different periods.

Why It Matters

For investors and stakeholders tracking LUXFER HOLDINGS PLC, this filing contains several important signals. This 10-Q filing provides investors with the latest financial performance and position of Luxfer Holdings PLC for the first quarter of 2024. Understanding the segment performance and financial health detailed in this report is crucial for assessing the company's current standing and future prospects.

Risk Assessment

Risk Level: medium — LUXFER HOLDINGS PLC shows moderate risk based on this filing. The filing is a standard quarterly report (10-Q), which typically contains routine financial disclosures. However, the absence of specific financial performance metrics like revenue or net income in the provided text necessitates a 'medium' risk assessment as a comprehensive analysis is not possible.

Analyst Insight

Review the full 10-Q filing to analyze specific financial performance metrics, segment revenues, and any disclosed risks or management discussions.

Key Numbers

• 2024-03-31 — Quarter End Date (CONFORMED PERIOD OF REPORT)
• 2024-04-30 — Filing Date (FILED AS OF DATE)
• 2024-01-01 — Quarter Start Date (Reporting period start date)
• 2023-04-02 — Previous Quarter End Date (Previous period end date)

Key Players & Entities

• Luxfer Holdings PLC (company) — FILER
• 2024-03-31 (date) — CONFORMED PERIOD OF REPORT
• 2024-04-30 (date) — FILED AS OF DATE
• Manchester (location) — CITY
• M27 8LN (postal_code) — ZIP
• 44161300-0600 (phone_number) — BUSINESS PHONE
• 2024-01-01 (date) — Reporting period start date
• 2023-04-02 (date) — Previous period end date

FAQ

Industry Context

Luxfer Holdings PLC operates in the industrial inorganic chemicals sector, specifically focusing on industrial applications and services.

Regulatory Implications

The filing is a 10-Q, a standard quarterly report required by the Securities and Exchange Commission (SEC) under the Securities Exchange Act of 1934.

What Investors Should Do

1. Obtain and review the full 10-Q filing for detailed financial statements and management discussion.
2. Analyze segment performance data for 'Gas Cylinders', 'Elektron', and 'Graphic Arts' if available in the full report.
3. Compare key financial metrics from this filing to previous periods to identify trends.

Key Dates

• 2024-03-31: Quarter End — End of the reporting period for the 10-Q filing.
• 2024-04-30: Filing Date — Date the 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This filing is a 10-Q for the quarter ending March 31, 2024. Specific comparative financial data against the prior year's quarter or the previous fiscal year's annual report is not detailed in the provided header information.

Filing Documents

• lxfr-20240331.htm (10-Q) — 1204KB
• exhibit311q124.htm (EX-31.1) — 11KB
• exhibit312q124.htm (EX-31.2) — 11KB
• exhibit321q124.htm (EX-32.1) — 3KB
• exhibit322q124.htm (EX-32.2) — 3KB
• 0001096056-24-000027.txt (&nbsp;) — 7421KB
• lxfr-20240331.xsd (EX-101.SCH) — 44KB
• lxfr-20240331_cal.xml (EX-101.CAL) — 91KB
• lxfr-20240331_def.xml (EX-101.DEF) — 262KB
• lxfr-20240331_lab.xml (EX-101.LAB) — 598KB
• lxfr-20240331_pre.xml (EX-101.PRE) — 454KB
• lxfr-20240331_htm.xml (XML) — 1128KB

FINANCIAL INFORMATION

PART I FINANCIAL INFORMATION

Condensed Consolidated Financial Statements (unaudited) 1

Item 1. Condensed Consolidated Financial Statements (unaudited) 1 Condensed Consolidated Statements of Income (unaudited) 1 Condensed Consolidated Statements of Comprehensive Income (unaudited) 2 Condensed Consolidated Balance Sheets (unaudited) 3 Condensed Consolidated Statements of Cash Flows (unaudited) 4 Condensed Consolidated Statements of Changes in Equity (unaudited) 5 Notes to Condensed Consolidated Financial Statements (unaudited) 6

Management's Discussion and Analysis of Financial Condition and Results of Operations 18

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 18

Quantitative and Qualitative Disclosures About Market Risk 28

Item 3. Quantitative and Qualitative Disclosures About Market Risk 28

Controls and Procedures 28

Item 4. Controls and Procedures 28

OTHER INFORMATION

PART II OTHER INFORMATION

Legal Proceedings 29

Item 1. Legal Proceedings 29

Risk Factors 29

Item 1A. Risk Factors 29

Unregistered Sales of Equity Securities and Use of Proceeds 29

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 29

Exhibits 30

Item 6. Exhibits 30 Signatures 31

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Condensed Consolidated Financial Statements (unaudited)

Item 1. Condensed Consolidated Financial Statements (unaudited) LUXFER HOLDINGS PLC CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) First Quarter In millions, except share and per share data 2024 2023 Net sales $ 89.4 $ 101.3 Cost of goods sold ( 71.0 ) ( 80.2 ) Gross profit 18.4 21.1 Selling, general and administrative expenses ( 11.6 ) ( 12.5 ) Research and development ( 1.2 ) ( 1.2 ) Restructuring charges ( 0.7 ) ( 0.3 ) Acquisition and disposal related costs ( 0.2 ) — Other income 0.2 — Operating income 4.9 7.1 Interest expense ( 1.4 ) ( 1.3 ) Defined benefit pension credit / (charge) 0.3 ( 8.9 ) Income / (loss) before income taxes 3.8 ( 3.1 ) (Provision) / credit for income taxes ( 1.0 ) 3.6 Net income from continuing operations 2.8 0.5 Net (loss) / income from discontinued operations $ ( 0.1 ) $ — Net income $ 2.7 $ 0.5 Earnings per share 1 Basic from continuing operations $ 0.10 $ 0.02 Basic from discontinued operations 2 $ — $ — Basic $ 0.10 $ 0.02 Diluted from continuing operations $ 0.10 $ 0.02 Diluted from discontinued operations 2 $ — $ — Diluted $ 0.10 $ 0.02 Weighted average ordinary shares outstanding Basic 26,820,968 26,921,010 Diluted 26,866,976 27,071,494 See accompanying notes to condensed consolidated financial statements 1 The calculation of earnings per share is performed separately for continuing and discontinued operations. As a result, the sum of the two in any particular period may not equal the earnings-per-share amount in total. 2 The loss per share for discontinued operations in the First Quarter of 2024 has not been diluted, since the incremental shares included in the weighted-average number of shares outstanding would have been anti-dilutive. 1 LUXFER HOLDINGS PLC CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) First Quarter In millions 2024 2023 Net income $ 2.7 $ 0.5 Other comprehensive (loss) / income Net change in foreign currency translation a

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View this 10-Q filing on SEC EDGAR