Luxfer Holdings PLC Reports Fourth Quarter and Fiscal 2020 Financial Results; Announces strategic decision to divest most aluminum product lines, including Superform

Luxfer Holdings PLC Reports Fourth Quarter and Fiscal 2020 Financial Results;  Announces strategic decision to divest most aluminum product lines, including Superform

Fourth Quarter 2020 Summary (all year-over-year comparisons unless otherwise noted; results exclude discontinued aluminum products operations)

  • Net sales of $ 82.1 million decreased 0.2%, including a 1.2% currency advantage

  • GAAP net income of $ 6.6 million, including $ 1.5 million in restructuring and other charges, increased from $ 1.6 million in the previous year; adjusted net income of $ 7.7 million increased 35%

  • GAAP EPS of $ 0.24 increased from $ 0.06; Adjusted EPS of $ 0.27 up 35%

  • Adjusted EBITDA of $ 13.8 million increased by 21.1%; Adjusted EBITDA margin of 16.8% increased by 290 basis points

Summary of the full year 2020 (all year-over-year comparisons unless otherwise noted; results exclude aluminum …

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