Luxfer Announces Q4 and Full Year 2024 Financial Results

LUXFER REPORTS STRONG FOURTH QUARTER 2024 DRIVEN BY KEY END MARKETS SALES

Provides Full Year 2025 Guidance

Fourth Quarter 2024 Highlights*

GAAP Net Sales of $103.4 million, up 7.8% from $95.9 million; Adjusted Net Sales increased 9.3% to $96.0 million
Gross Profit increased to $22.9 million, a 37.1% increase from $16.7 million
Adjusted Gross Profit rose 34.7% to $22.5 million, with Adjusted Gross Margins of 23.4% compared to 19.0%
GAAP Net Income of $3.3 million, compared to a $6.5 million loss in the prior year, with GAAP EPS of $0.12 versus a $0.24 loss
Adjusted EPS¹ of $0.29, up 61.1% from $0.18
Adjusted EBITDA¹ of $13.8 million, up 45.3% from $9.5 million
Delivered $30.0 million in Free Cash Flow

Full Year 2024 Highlights*

GAAP Net Sales of $391.9 million, down 3.2% from $405.0 million; Adjusted Net Sales declined 3.0% to $362.3 million
GAAP Net Income of $18.3 million, up from a $2.6 million loss, with GAAP EPS of $0.68, compared to a $0.10 loss
Adjusted EPS¹ of $0.99, up 2.1% from $0.97
Adjusted EBITDA¹ of $49.8 million, up 1.2% from $49.2 million
Delivered $47.7 million in Free Cash Flow resulting in significantly reduced net debt of $41.0 million
Strategic Actions: Sale of the Graphic Arts business is proceeding as planned and currently expected to close in H1 2025

¹ Note: Adjusted Results Excludes Graphic Arts business and impact of Legal Cost Recovery / Expense

* Comparative information is relative to prior-year fourth quarter and full year