Increased Earnings Per Share
Luxfer reported an adjusted earnings per share of $0.23, up from $0.20 a year ago.
Strong Sales Growth
Sales revenues grew significantly with a reported $90.5 million, up 8.9% year-over-year.
Elektron Segment Performance
Elektron sales rose to $49.4 million, up 31% from $37.7 million a year ago, with an EBITDA margin expansion to 17.6%.
Defense Market Strength
Increased demand in defense segments, with a notable 76% growth in this area, driven by flameless ration heaters and MRE products.
Introduction of Bulk Gas Transportation System
Secured first order for a bulk gas transportation system in Europe, marking a significant milestone in their international gas solutions portfolio.
Improved Cash Flow
Generated $5.1 million of cash from operations, a $1.5 million increase from the previous year.