MANCHESTER, Britain (AP) _ Luxfer Holdings PLC (LXFR) on Monday reported first-quarter net income of $6.2 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Manchester, Britain-based company said it had profit of 22 cents. Earnings, adjusted for one-time gains and costs, were 30 cents per share.
The materials technology company specializing in aluminum, magnesium and zirconium posted revenue of $103.8 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $101.5 million.
Luxfer shares have decreased 22% since the beginning of the year. In the final minutes of trading on Monday, shares hit $14.37, a decrease of 41% in the last 12 months.