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Luxfer (LXFR)

Luxfer is a global manufacturer of highly-engineered industrial materials, which focuses on value creation by using its broad array of technical knowhow and proprietary technologies. Luxfer's high-performance materials, components, and high-pressure gas containment devices are used in defense and emergency response, healthcare, transportation, and general industrial applications.

Company profile

Ticker
LXFR
Exchange
Website
CEO
Brian Purves
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
BA Holdings, Inc. • Biggleswick Limited • GTM Technologies LLC • Lumina Trustee Limited • Luxfer Australia PTY Limited, Australia • Luxfer Canada Limited, Canada • Luxfer Gas Cylinders (Shanghai) Co., Limited • Luxfer Gas Cylinders China Holdings Limited • Luxfer Gas Cylinders Limited • Luxfer Gas Cylinders S.A.S. ...

LXFR stock data

Calendar

26 Jul 22
28 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 5.5M 5.5M 5.5M 5.5M 5.5M 5.5M
Cash burn (monthly) 3.93M 400K (no burn) (no burn) (no burn) 425K
Cash used (since last report) 12.16M 1.24M n/a n/a n/a 1.31M
Cash remaining -6.66M 4.26M n/a n/a n/a 4.19M
Runway (months of cash) -1.7 10.7 n/a n/a n/a 9.9

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
3 Aug 22 Wardlow Graham Ordinary Shares Payment of exercise Dispose F No No 16.48 1,933 31.86K 25,781
3 Aug 22 Wardlow Graham Ordinary Shares Option exercise Acquire M No No 0 720 0 27,714
3 Aug 22 Wardlow Graham Ordinary Shares Option exercise Acquire M No No 0 19 0 26,994
3 Aug 22 Wardlow Graham Ordinary Shares Option exercise Acquire M No No 0 800 0 26,975
3 Aug 22 Wardlow Graham Ordinary Shares Option exercise Acquire M No No 0 71 0 26,175
3 Aug 22 Wardlow Graham Ordinary Shares Option exercise Acquire M No No 0 1,285 0 26,104
3 Aug 22 Wardlow Graham Ordinary Shares Option exercise Acquire M No No 0 65 0 24,819
3 Aug 22 Wardlow Graham Ordinary Shares Option exercise Acquire M No No 0 800 0 24,754
3 Aug 22 Wardlow Graham Stock Options Ordinary Shares Option exercise Dispose M No No 0 720 0 720
3 Aug 22 Wardlow Graham Dividend Equivalent Rights Ordinary Shares Option exercise Dispose M No No 0 19 0 61
13F holders Current Prev Q Change
Total holders 92 86 +7.0%
Opened positions 12 6 +100.0%
Closed positions 6 6
Increased positions 29 42 -31.0%
Reduced positions 38 26 +46.2%
13F shares Current Prev Q Change
Total value 4.01B 4.29B -6.5%
Total shares 25.56M 25.65M -0.4%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
BLK Blackrock 2.72M $41.16M +23.2%
FMR 2.44M $36.97M -30.0%
Wellington Management 2.4M $36.24M -4.4%
Nantahala Capital Management 2.33M $35.2M +4.3%
Kempen Capital Management 2M $30.3M 0.0%
Paradice Investment Management 1.73M $26.09M +6.4%
William Blair Investment Management 1.53M $23.07M -1.5%
American Century Companies 1.02M $15.43M +3.1%
Royce & Associates 1M $15.17M -2.3%
Deprince Race & Zollo 1M $15.12M +9.9%
Largest transactions Shares Bought/sold Change
FMR 2.44M -1.05M -30.0%
BLK Blackrock 2.72M +511.73K +23.2%
Granahan Investment Management 272.33K -216.28K -44.3%
Russell Investments 414.7K +205.45K +98.2%
First Wilshire Securities Management 176.54K +176.54K NEW
Citadel Advisors 233.77K +152.86K +188.9%
Wellington Management 2.4M -111.39K -4.4%
Paradice Investment Management 1.73M +103.92K +6.4%
Dimensional Fund Advisors 208.21K +102.5K +97.0%
Arrowstreet Capital, Limited Partnership 0 -98.16K EXIT

Financial report summary

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Risks
  • We depend on certain end-markets, including automotive, alternative fuels, self-contained breathing apparatus, aerospace and defense, healthcare, oil and gas and printing and paper. An economic downturn, or regulatory changes, in any of those end-markets, could reduce sales and profit margins on those end-markets.
  • Our global operations expose us to economic conditions, potential tax costs, political risks and specific regulations or restrictions in the countries in which we operate, which could have a material adverse impact on our results of operations, financial position and cash flows.
  • Our operations rely on a number of large customers in certain areas of our business, and the loss of any of our major customers could negatively impact our results of operations.
  • We depend upon our larger suppliers for a significant portion of our raw materials, and a loss of one of these suppliers, or a significant supply interruption could negatively impact our financial performance.
  • We are exposed to fluctuations in the costs of the raw materials that are used to manufacture our products, and such fluctuations could lead us to incur unexpected costs and could affect our margins and / or working capital requirements.
  • Changes in foreign exchange rates could reduce profit margins on our sales and reduce the reported sales of our non-U.S. operations and have a material adverse effect on our results of operations.
  • Our defined benefit pension plans historically have had funding deficits and are exposed to market forces that could require us to make increased ongoing cash contributions in response to changes in market conditions, actuarial assumptions and investment decisions These market forces could expose us to significant short-term liabilities if a wind-up trigger occurred in relation to such plans, each of which could have a material adverse impact on our results of operations and financial position.
  • The Pensions Regulator in the U.K. has the power in certain circumstances to issue contribution notices or financial support directions that, if issued, could result in significant liabilities arising for us.
  • Our operations may prove harmful to the environment resulting in reputational damage and clean-up or other related costs.
  • Certain of our operations are highly regulated by different agencies that require products to comply with their rules and procedures and can subject our operations to penalties or adversely affect production.
  • We are subject to legislation and regulations to reduce carbon dioxide and other greenhouse gas emissions.
  • Due to the nature and use of the products that we manufacture, we may in the future face large liability claims.
  • We are exposed to risks related to cybersecurity threats and general information security incidents which may also expose us to liability under data protection laws, including the GDPR.
  • We could incur future liability claims arising from previous businesses now closed or sold.
  • Our ability to remain profitable depends on our ability to protect and enforce our intellectual property, and any failure to protect and enforce such intellectual property could have a material adverse impact on our results of operations and financial position.
  • Expiration or termination of our right to use certain intellectual property granted by third parties, the right of those third parties to grant the right to use the same intellectual property to our competitors, and the right of certain third parties to use certain intellectual property used as part of our business, could have a material adverse impact on our results of operations, financial position and cash flows.
  • If third parties claim that intellectual property used by us infringes upon their intellectual property, our operating profits could be adversely affected.
  • Any failure of our research and development activity to improve our existing products and develop new products could cause us to lose market share.
  • Increased climate control regulation could negatively impact sales of our products.
  • We may not be able to consummate, finance or successfully integrate future acquisitions into our business, which could hinder our strategy or result in unanticipated expenses, losses or charges.
  • Our failure to perform under purchase or sale contracts could result in the payment of penalties to customers or suppliers, which could have a negative impact on our results of operations, financial position or cash flows.
  • Our businesses could suffer if we lose certain employees or cannot attract and retain qualified employees.
  • We could suffer a material interruption in our operations as a result of unforeseen events or operating hazards.
  • Employee strikes and other labor-related disruptions may adversely affect our operations.
  • As a holding company, Luxfer Holdings PLC's main source of cash is distributions from our operating subsidiaries.
  • We have a level of indebtedness which has reduced over time, but could adversely affect our cash flows and our ability to operate our business, remain in compliance with debt covenants, make payments on our indebtedness, pay dividends and respond to changes in our business or take certain actions.
  • Our ability to pay regular dividends on our ordinary shares is subject to the discretion of our Board of Directors and will depend on many factors, including our results of operations, cash requirements, financial position, contractual restrictions, applicable laws and other factors, and may be limited by our structure and statutory restrictions and restrictions imposed by the Revolving Credit Facility and the Loan Notes, as well as any future debt facilities.
  • If we fail to establish or maintain an effective system of internal controls, we may be unable to accurately report our financial results or prevent fraud, and investor confidence and the market price of our ordinary shares may, therefore, be adversely impacted.
  • It may be difficult to effect service of U.S. process and enforce U.S. legal processes against the directors of Luxfer.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Good
New words: climate, coverage, FRH, FX, headwind, inline, liability, minimum, MRE, part, Softening, traditional
Removed: calibration, classification, flat, increasingly, insufficient, pandemic, post