Luxfer (LXFR) Q1 Earnings and Revenues Top Estimates

Company Performance - Luxfer reported quarterly earnings of $0.23 per share, exceeding the Zacks Consensus Estimate of $0.17 per share, and up from $0.20 per share a year ago, adjusted for non-recurring items [1] - The earnings surprise for this quarter was 35.29%, following a previous quarter where earnings of $0.29 per share surpassed expectations of $0.22 per share by 31.82% [2] - Revenues for the quarter reached $97 million, surpassing the Zacks Consensus Estimate by 11.88%, and an increase from $89.4 million year-over-year [3] Market Outlook - Luxfer shares have declined approximately 23.8% since the beginning of the year, compared to a 6% decline in the S&P 500 [4] - The current consensus EPS estimate for the upcoming quarter is $0.26 on revenues of $100.7 million, and for the current fiscal year, it is $0.96 on revenues of $388.4 million [8] Industry Context - The Manufacturing - General Industrial industry, to which Luxfer belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [9]