Luxfer Holdings First Quarter 2024 Earnings: Beats Expectations
Luxfer Holdings (NYSE:LXFR) First Quarter 2024 Results
Key Financial Results
Revenue: US$89.4m (down 12% from 1Q 2023).
Net income: US$2.80m (up 460% from 1Q 2023).
Profit margin: 3.1% (up from 0.5% in 1Q 2023).
EPS: US$0.10 (up from US$0.019 in 1Q 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 7.8%. Earnings per share (EPS) also surpassed analyst estimates by 100%.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 3.5% growth forecast for the Machinery industry in the US.
Performance of the American Machinery industry.
The company's shares are up 9.3% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Luxfer Holdings that you should be aware of.
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