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Luxfer Group (NYSE:LXFR), a global materials technology company, today issued its unaudited financial results for the three-month and nine-month periods ended September 30, 2012.
FINANCIAL HIGHLIGHTS (Unaudited)
Three-month periods-ended September 30,
Nine-month periods-ended September 30,
Rare earth chemical surcharge
Net income margin
Adjusted net income (1)
Adjusted net income margin
Adjusted EBITDA (2)
Adjusted EBITDA margin
Pro forma earnings per share (3)
Equivalent per American Depositary Share (“ADS”)
Net cash inflow/(outflow) from operating activities
Adjusted net income consists of net income adjusted for the post tax impact of other income (expense) items. A reconciliation to net income is disclosed in Note 5 to the interim consolidated financial statements “Reconciliation of non-GAAP measures”.
Adjusted EBITDA consists of profit for the period before tax expense, interest items, other income (expense) items and depreciation and amortization. A reconciliation to net income is disclosed in Note 5 to the interim consolidated financial statements “Reconciliation of non-GAAP measures”.
Pro forma earnings per share is calculated by dividing the profit attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding in the period, as adjusted for the Initial Public Offering, as shown in Note 6 to the interim consolidated financial statements “Earnings per share”.
COMMENTARY FOR THE THREE-MONTH AND NINE-MONTH PERIODS-ENDED SEPTEMBER 30, 2012