Strong Earnings Performance
Adjusted earnings per share increased to $0.30, up 25% year-over-year and 30% sequentially. Adjusted EBITDA rose to $14 million, delivering a 14.4% margin, up from 12.5% in quarter 1.
Sales Growth in Elektron Segment
Sales in the Elektron segment increased 19% year-over-year to $50.1 million. Defense, first response, and healthcare sectors were up 43% from the prior year.
Successful Divestiture of Graphic Arts Business
Completed the divestiture of the Graphic Arts business, allowing Luxfer to focus on higher-margin opportunities within core markets.
Relocation and Cost Optimization
Initiated the relocation of production from Pomona, California, to Riverside, California, expected to generate savings of up to $4 million per annum.
Improved Guidance for 2025
Narrowed upwards the adjusted EPS range to $0.97 to $1.05 with adjusted EBITDA now between $49 million and $52 million.