Luxfer Holdings PLC Reports Net Income of $5.2 Million in 2023 Second Quarter

Luxfer Holdings PLC,(LXFR) a global manufacturer of high-performance materials, has released its financial results for the second quarter of 2023. The company reported a net income of $5.2 million for the year-to-date, with net sales totaling $211.7 million. Let's delve deeper into the financial performance of Luxfer Holdings PLC for the second quarter and year-to-date.

Net Income Performance

Luxfer Holdings PLC recorded a net income of $4.7 million in the second quarter of 2023, a slight decrease compared to the same period in 2022 when the net income was $9.3 million. Year-to-date, the company's net income stands at $5.2 million, down from $16.9 million in 2022. This decrease can be attributed to various factors, including changes in expenses and restructuring charges.

Revenue Growth