Luxfer reports Q2 EPS 17c vs. 34c last year

Reports Q2 revenue $110.4M vs. $109.5M last year. “Our team again worked hard to deliver for our customers in the second quarter,” said Andy Butcher, CEO. “We continue to see a strong and broad-based uplift from our Defense, First Response, and Healthcare offerings. We also are pleased by our strong second quarter free cash flow performance as well as increases in Gas Cylinders’ sales and EBITDA both year-over-year and quarter-over-quarter. Despite these positives, macro uncertainty as well as impacts from the extended outage of U.S. domestic magnesium supply are weighing on our performance. As a result, we are updating our outlook and now expect full year 2023 adjusted earnings per share of $0.88 to $1.00.”