Luxfer Holdings (NYSE:LXFR) Azioni

Luxfer Holdings

Luxfer Holdings PLC is a manufacturer industrial company innovating niche applications in materials engineering. It focuses on value creation by using its broad array of technical know-how and proprietary technologies to help create a safe, clean, and energy-efficient world. Luxfer's high-performance materials, components, and high-pressure gas containment devices are used in defense, first response and healthcare, transportation, and general industrial applications. It focuses on product lines related to magnesium alloys, zirconium chemicals, and carbon composites. Its segments are Elektron, Gas Cylinders, and Graphic Arts. It generates the majority of its revenue from Elektron and as well as Gas Cylinders.

Luxfer Holdings PLC

News

General

LXFR

Luxfer Completes The Divesture Of Its Graphic Arts Business To Vulcan Metals Specialty Products; Terms Not Disclosed

Luxfer Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXFR#NYSE">LXFR</a>) affirms FY2025 Adj EPS guidance from $0.95-$1.05 to $0.95-$1.05 vs $0.96 analyst estimate. sees sales of $391.900 million vs $388.40 million analyst estimate.

Guidance

Luxfer Holdings Affirms FY2025 Adj EPS Guidance of $0.95-$1.05 vs $0.96 Est; Sees Sales to be flat YoY

Luxfer Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXFR#NYSE">LXFR</a>) reported quarterly earnings of $0.23 per share which beat the analyst consensus estimate of $0.17 by 35.29 percent. This is a 15 percent increase over earnings of $0.20 per share from the same period last year. The company reported quarterly sales of $97.00 million which beat the analyst consensus estimate of $87.00 million by 11.49 percent. This is a 8.50 percent increase over sales of $89.40 million the same period last year.

Earnings

Earnings Beats

Luxfer Holdings Q1 Adj. EPS $0.23 Beats $0.17 Estimate, Sales $97.00M Beat $87.00M Estimate

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Laboratory Corporation Of America Holdings

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Earnings Scheduled For April 29, 2025

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Shares of machinery companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

Luxfer Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXFR#NYSE">LXFR</a>) is looking for FY2025 Adj EPS of $0.95-$1.05 vs $1.05 analyst estimate..

Luxfer Holdings Sees FY2025 Adj EPS $0.95-$1.05 vs $1.05 Est

Luxfer Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXFR#NYSE">LXFR</a>) reported quarterly earnings of $0.29 per share which beat the analyst consensus estimate of $0.22 by 31.82 percent. This is a 222.22 percent increase over earnings of $0.09 per share from the same period last year. The company reported quarterly sales of $103.40 million which beat the analyst consensus estimate of $89.50 million by 15.53 percent. This is a 7.82 percent increase over sales of $95.90 million the same period last year.

Luxfer Holdings Q4 Adj $0.29 Beats $0.22 Estimate, Sales $103.40M Beat $89.50M Estimate

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Earnings Scheduled For February 25, 2025

Luxfer Holdings shares are trading higher after the company reported better-than-expected Q3 financial results.

Luxfer Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXFR#NYSE">LXFR</a>) lowers FY2024 Adj EPS guidance from $0.90-1.00 to $0.88-0.94 vs $0.84 analyst estimate..

Luxfer Holdings Lowers FY2024 Adj EPS Guidance from $0.90-1.00 to $0.88-0.94 vs $0.84 Est

Luxfer Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXFR#NYSE">LXFR</a>) reported quarterly earnings of $0.27 per share which beat the analyst consensus estimate of $0.18 by 50 percent. The company reported quarterly sales of $99.400 million which beat the analyst consensus estimate of $85.800 million by 15.85 percent. This is a 2.05 percent increase over sales of $97.400 million the same period last year.

Luxfer Holdings Q3 2024 Adj. EPS $0.27 Beats $0.18 Estimate, Sales $99.400M Beat $85.800M Estimate

Luxfer Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXFR#NYSE">LXFR</a>) is gearing up to announce its quarterly earnings on Tuesday, 2024-10-29. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Luxfer Holdings will report an earnings per share (EPS) of $0.18.
Luxfer Holdings bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Overview of Past Earnings</h3>
Last quarter the company missed EPS by $0.00, which was followed by a 0.08% drop in the share price the next day.
Here's a look at Luxfer Holdings's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.24</td>
<td>0.08</td>
<td>0.02</td>
<td>0.04</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.24</td>
<td>0.15</td>
<td>0.09</td>
<td>0.04</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.0%</td>
<td>10.0%</td>
<td>22.0%</td>
<td>0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730142135_0.png" alt="eps graph" />
<h3>Market Performance of Luxfer Holdings's Stock</h3>
Shares of Luxfer Holdings were trading at $12.36 as of October 25. Over the last 52-week period, shares are up 54.78%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/LXFR/earnings">To track all earnings releases for Luxfer Holdings visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Luxfer Holdings

Luxfer Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXFR#NYSE">LXFR</a>) reported quarterly earnings of $0.24 per share which met the analyst consensus estimate. This is a 11.11 percent decrease over earnings of $0.27 per share from the same period last year. The company reported quarterly sales of $99.700 million which met the analyst consensus estimate. This is a 9.69 percent decrease over sales of $110.400 million the same period last year.

Luxfer Holdings Q2 2024 Adj. EPS $0.24, Inline, Sales $99.700M Inline

Luxfer Holdings Sees 2024 Adj. EPS $0.90-$1.00, Adj. EBITDA $47M-$50M

The U.S. manufacturing sector is finally showing signs of recovery after months of struggle that saw demand slowing due to inflationary pressures and higher borrowing costs. However, with inflation finally showing signs of cooling, demand is rebounding.
The U.S. Census Bureau reported that orders for U.S. manufactured capital goods, made to last more than three years, rose 0.1% in May, higher than the consensus estimate of a decline of 0.1%.
Although the rise was lower than April&#39;s jump of 0.6%, the positive sign is that orders are growing steadily. Durable goods orders for items such as toasters to aircraft rose 0.1% in May after a downwardly revised 0.2% gain in April.
The report comes days after the Federal Reserve said that production at U.S. factories rose at a robust pace in May. According to the report, manufacturing output jumped 0.9% in May from a downwardly revised 0.4% decline in April. Year over year, production at U.S. factories increased 0.1% in May.
Inflation has been a major threat to the manufacturing sector. The consumer price index remained unchanged in May after increasing 0.3% in April. Year over year, CPI rose 3.3%, lower than the consensus estimate of a rise of 3.4%.
Although inflation remains higher than the Federal Reserve&#39;s 2% target, it has finally started easing after increasing in the first quarter.
Federal Reserve Chairman Jerome Powell said in his June post-FOMC meeting statement that the Fed sees only one rate cut this year, which is lower than the three projected in its March meeting.
However, even a minor 0.25% rate cut is being seen positively, especially considering that a large number of market participants had previously anticipated no rate cuts in 2024.
Moreover, the recent FOMC &quot;dot plot&quot; suggests a projected total reduction of 1% in interest rates by 2025. This outlook indicates that the Fed funds rate is expected to decrease to 4.1% by the end of 2025, which bodes well for the manufacturing sector and the broader economy.
<h3>Our Choices</h3>
Given this scenario, it would be ideal to invest in five&nbsp;industrial stocks such as Allegion plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alle#NYSE">ALLE</a>), AptarGroup, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atr#NYSE">ATR</a>), EnerSys (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ens#NYSE">ENS</a>), Helios Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hlio#NYSE">HLIO</a>) and Luxfer Holdings PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lxfr#NYSE">LXFR</a>). These stocks have a Zacks Rank #1 (Strong Buy) or 2 (Buy) and assure good returns.
Allegion plc is a leading global provider of security products and solutions for business and domestic purposes. ALLE offers an extensive portfolio of mechanical and electronic security products, including doors and door systems, electronic security products, biometric and mobile access control systems, locks, locksets, exit devices, portable locks, and workforce productivity systems and other accessories.
Allegion&#39;s expected earnings growth for the current year is 1.9%. The Zacks Consensus Estimate for current-year earnings has improved 0.7% over the past 60 days. ALLE currently has a Zacks Rank #2.
AptarGroup, Inc. is a global supplier of a broad range of innovative dispensing, sealing, and active packaging solutions for the beauty, personal care, home care, prescription drug, consumer health care, injectables, food and beverage markets. ATR&#39;s main products include dispensing pumps, closures, aerosol valves, and elastomeric primary packaging components.
AptarGroup&#39;s expected earnings growth for the current year is 12.1%. The Zacks Consensus Estimate for current-year earnings has improved 0.4% over the past 60 days. ATR presently has a Zacks Rank #2.
EnerSys engages in manufacturing, marketing and distribution of various industrial batteries. Additionally, ENS develops battery chargers and accessories, power equipment and outdoor cabinet enclosures. This apart, EnerSys provides support services for clients.
EnerSys&#39; expected earnings growth for the current year is 4.7%. The Zacks Consensus Estimate for current-year earnings has improved 3.9% over the past 60 days. ENS presently carries a Zacks Rank #2.
Helios Technologies, Inc. is an industrial technology company. HLIO develops and manufactures hydraulic and electronic control solutions. Helios Technologies&#39; operating subsidiaries include Sun Hydraulics, Enovation Controls and Faster Group.
Helios Technologies&#39; expected earnings growth for the current year is 9%. The Zacks Consensus Estimate for next-year earnings has improved 5.4% over the past 60 days.&nbsp; HLIO has a Zacks Rank #2.
Luxfer Holdings PLC is a materials technology company specializing in the design, manufacture and supply of high-performance materials, components and gas cylinders. LXFR has two divisions, Elektron and Gas Cylinders.
Luxfer Holdings PLC&#39;s expected earnings growth for the current year is 37.7%. The Zacks Consensus Estimate for current-year earnings has improved 13.5% over the past 60 days. LXFR currently carries a Zacks Rank #2.
<a href="https://www.zacks.com/stock/news/2294907/5-stocks-to-buy-on-a-steady-rebound-in-manufacturing-activity?cid=CS-BENZ-FT-analyst_blog|investment_ideas-2294907">To read this article on Zacks.com click here.</a>

Small Cap

Federal Reserve

Markets

Analyst Ratings

Tech

Trading Ideas

ALLE

5 Stocks to Buy on a Steady Rebound in Manufacturing Activity

Luxfer (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lxfr#NYSE">LXFR</a>) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
A company&#39;s changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
As such, the Zacks rating upgrade for Luxfer is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company&#39;s future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That&#39;s partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company&#39;s shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Luxfer imply an improvement in the company&#39;s underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate Revisions
Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Earnings Estimate Revisions for Luxfer
This materials technology company specializing in aluminum, magnesium and zirconium is expected to earn $0.84 per share for the fiscal year ending December 2024, which represents a year-over-year change of 37.7%.
Analysts have been steadily raising their estimates for Luxfer. Over the past three months, the Zacks Consensus Estimate for the company has increased 16.7%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of &#39;buy&#39; and &#39;sell&#39; ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a &#39;Strong Buy&#39; rating and the next 15% get a &#39;Buy&#39; rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
The upgrade of Luxfer to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
<a href="https://www.zacks.com/stock/news/2293858/luxfer-lxfr-upgraded-to-strong-buy-what-does-it-mean-for-the-stock?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2293858">To read this article on Zacks.com click here.</a>

Upgrades

Luxfer Upgraded to Strong Buy: What Does It Mean for the Stock?

Zebra Technologies Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zbra#NASDAQ">ZBRA</a>) recently announced the pricing of its private offering of senior notes worth $500 million in aggregate principal amount. The offering is anticipated to close on May 28, 2024, conditional on certain customary closing conditions. 
The company&#39;s shares gained 1.6% yesterday, thereby ending the trading session at $326.98.
<h3>Inside the Headlines</h3>
The senior notes carry an interest rate of 6.500% and are scheduled to mature on Jun 1, 2032. Notably, the senior notes are Zebra Technologies&#39; unsecured obligations and will be guaranteed by certain of its domestic subsidiaries. The notes will be offered only to qualified institutional buyers per Rule 144A under the Securities Act of 1933 and to non-U.S. investors conforming to Regulation S. 
Zebra Technologies expects to use the net proceeds from this offering to repay all of its outstanding debt under the revolving credit facility and to meet general corporate purposes. Exiting the first quarter, the company&#39;s outstanding debt under its revolving credit facility totaled $172 million. 
We believe that the offering of senior notes will increase ZBRA&#39;s debts and, in turn, might inflate its financial obligations and hurt profitability. However, prepaying part of certain indebtedness will offer some relief. Exiting the first quarter, the company&#39;s long-term debt remained high at $1.8 billion. At the end of the first quarter, its cash and cash equivalents were $127 million, less than the current portion of long-term debt of $272 million.
<h3>Zacks Rank, Price Performance and Earnings Trend</h3>
ZBRA, with a $16.8 billion market capitalization, currently sports a Zacks Rank #1 (Strong Buy). It stands to benefit from strong demand for services and software, and RFID (radio frequency identification) products. Also, its cost-management actions are enabling it to cut down operating expenses and improve margin performance.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f3/67333.jpg?v=837930431" /> 
Image Source: Zacks Investment Research
Its shares have gained 18.9% compared with the industry&#39;s 11.6% growth in the past three months. 
The Zacks Consensus Estimate for 2024 earnings has increased 9.3% to $12.11 in the past 60 days.
<h3>Other Stocks to Consider</h3>
Other top-ranked stocks from the Zacks Industrial Products sector are discussed below. 
Luxfer Holdings (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lxfr#NYSE">LXFR</a>) presently carries a Zacks Rank #2 (Buy). It has a trailing four-quarter average earnings surprise of 122.5%. 
The Zacks Consensus Estimate for LXFR&#39;s 2024 earnings has increased 13.5% in the past 60 days. 
Crane Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>) presently carries a Zacks Rank of 2. It delivered a trailing four-quarter average earnings surprise of 15.2%. 
In the past 60 days, the Zacks Consensus Estimate for CR&#39;s 2024 earnings has risen 3.3%. 
Tennant Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tnc#NYSE">TNC</a>) currently carries a Zacks Rank of 2. TNC delivered a trailing four-quarter average earnings surprise of 38%. 
In the past 60 days, the Zacks Consensus Estimate for its 2024 earnings has inched up 1.9%.
<a href="https://www.zacks.com/stock/news/2277710/zebra-zbra-prices-500m-senior-notes-in-private-offering?cid=CS-BENZ-FT-analyst_blog|company_news_-_corporate_actions-2277710">To read this article on Zacks.com click here.</a>

ZBRA

Zebra Prices $500M Senior Notes in Private Offering

Flowserve Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fls#NYSE">FLS</a>) stands to benefit from strength across its businesses, focus on operational excellence and a sound liquidity position. The company remains focused on investing in growth opportunities and strengthening its long-term market position.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/be/67261.jpg?v=2023072408" /> 
Image Source: Zacks Investment Research
It has a market capitalization of $6.6 billion. Over the past three months, it has gained 19.7% compared with the industry&#39;s 1.5% growth. FLS currently carries a Zacks Rank #2 (Buy). 
Let&#39;s delve into the factors that have been aiding the firm for a while now. 
Solid Booking Level: The company has been benefiting from robust bookings driven by strong maintenance, repair, operations and aftermarket activity. Solid booking levels supported by strong demand for bill and gas, and chemicals augur well for the company. FLS&#39; Diversify, Decarbonize and Digitize strategy has also been supporting its growth. Notably, its first-quarter 2024 bookings of $1.04 billion marked the ninth consecutive quarter of more than $1 billion bookings. 
Business Strength: Solid momentum in the original equipment and aftermarket businesses are supporting both the Flowserve Pump Division (revenues increased 9.9% year over year in the first quarter) and Flow Control Division (revenues grew 13.8% year over year in the first quarter) segments. For 2024, the company projects revenues to grow in the range of 4-6% from the year-ago levels. It anticipates adjusted earnings per share between $2.50 and $2.70. 
Shareholder-Friendly Policies: Management remains focused on rewarding its shareholders through dividend payouts.&nbsp;The company paid dividends of $105 million in 2023.&nbsp; In the first quarter, it used $27.7 million for distributing dividends. 
Solid Liquidity Position: In the first three months of 2024, the company generated net cash of $62.3 million from operating activities, up from $26.6 million in the year-ago period. Exiting the first quarter, its cash and cash equivalents were $532 million, much higher than the current maturities of $66.4 million. 
However, Flowserve has been grappling with escalating costs and expenses over time. In 2023, its cost of sales jumped 16.1% year over year due to higher input costs. Also, the metric jumped 9.5% year over year in the first quarter of 2024 due to higher input costs.
<h3>Other Stocks to Consider</h3>
Some other top-ranked stocks from the same space are discussed below. 
Luxfer Holdings (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lxfr#NYSE">LXFR</a>) presently sports a Zacks Rank #1 (Strong Buy). It has a trailing four-quarter average earnings surprise of 122.5%. 
The Zacks Consensus Estimate for LXFR&#39;s 2024 earnings has increased 13.5% in the past 60 days. 
Crane Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>) presently carries a Zacks Rank of 2. It delivered a trailing four-quarter average earnings surprise of 15.2%. 
In the past 60 days, the Zacks Consensus Estimate for CR&#39;s 2024 earnings has risen 3.3%. 
Tennant Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tnc#NYSE">TNC</a>) currently carries a Zacks Rank of 2. TNC delivered a trailing four-quarter average earnings surprise of 38%. 
In the past 60 days, the Zacks Consensus Estimate for its 2024 earnings has inched up 1.9%.
<a href="https://www.zacks.com/stock/news/2277314/here-s-why-flowserve-fls-stock-should-grace-your-portfolio?cid=CS-BENZ-FT-analyst_blog|rank_focused-2277314">To read this article on Zacks.com click here.</a>

Here's Why Flowserve Stock Should Grace Your Portfolio

RBC Bearings Incorporated&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rbc#NYSE">RBC</a>) fourth-quarter fiscal 2024 (ended March 2024) adjusted earnings of $2.47 per share beat the Zacks Consensus Estimate of $2.32. The figure increased 16% from the year-ago adjusted earnings of $2.13, supported by higher revenues.
<h3>Revenue Details</h3>
In the quarter under review, RBC Bearings&#39; revenues were $413.7 million, which increased 4.9% year over year. However, the figure missed the Zacks Consensus Estimate of $416 million. 
While exiting the reported quarter, RBC had a backlog of $726.1 million, up 9.4% year over year. 
For fiscal 2024, the company&#39;s revenues came in at $1.56 billion, up 6.2% year over year. It reported adjusted earnings of $8.62, reflecting an increase of 15.2% on a year-over-year basis.
<h3>Segmental Details</h3>
The company currently has two reportable segments, namely Aerospace/Defense and Industrial. Its segmental performance for the fiscal fourth quarter is briefly discussed below: 
Industrial revenues of $271.4 million (representing 65.6% of the quarter&#39;s revenues) were down 0.4% year over year. 
Aerospace/Defense revenues totaled $142.3 million (34.4%), up 16.8% year over year.
<div class="chart_embed">
<h3>RBC Bearings Incorporated Price, Consensus and EPS Surprise</h3>
<a href="https://www.zacks.com/stock/chart/RBC/price-consensus-eps-surprise-chart?icid=chart-RBC-price-consensus-eps-surprise-chart"><img alt="RBC Bearings Incorporated Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/01/1716198978.png" style="height:265px; width:583px" title="" /> </a>
RBC Bearings Incorporated price-consensus-eps-surprise-chart | RBC Bearings Incorporated Quote
</div>
<h3>Margin Profile</h3>
In the reported quarter, the company&#39;s cost of sales rose 3.2% year over year to $235.4 million. Gross profit grew 7.2% to $178.3 million. The margin expanded 90 basis points (bps) to 43.1%. 
Selling, general and administrative expenses were $64.4 million, up 8.1% year over year. Adjusted EBITDA jumped 7.4% to $130.1 million. The adjusted EBITDA margin was 31.4%, up 70 bps year over year. 
Adjusted operating income increased 8.6% year over year to $96.3 million. The adjusted margin increased 80 bps to 23.3%. Net interest expenses were $18.8 million compared with $21.7 million in the year-ago quarter.
<h3>Balance Sheet and Cash Flow</h3>
At the time of exiting the fiscal fourth quarter, RBC had cash and cash equivalents of $63.5 million compared with $65.4 million at the end of the year-ago fiscal quarter. Total debt was $1.19 billion, down from $1.40 billion at the end of the year-earlier fiscal quarter. 
In fiscal 2024, the company generated net cash of $274.7 million from operating activities, which increased 24.5% on a year-over-year basis. Capital expenditure of $33.2 million decreased 21% year over year. 
In fiscal 2024, RBC Bearings repurchased shares worth $11 million, up 41.4% year over year.
<h3>Outlook</h3>
For the first quarter of fiscal 2025, management anticipates net sales in the range of $415-$420 million, suggesting a climb of 7.2-8.5% from the prior-year figure of $387.1 million.
<h3>Zacks Rank &amp; Other Stocks to Consider</h3>
RBC currently carries a Zacks Rank #2 (Buy). 
Some other top-ranked companies from the same space are discussed below: 
Luxfer Holdings (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lxfr#NYSE">LXFR</a>) presently sports a Zacks Rank #1 (Strong Buy). It has a trailing four-quarter average earnings surprise of 122.5%. 
The Zacks Consensus Estimate for LXFR&#39;s 2024 earnings has increased 13.5% in the past 60 days. 
Crane Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cr#NYSE">CR</a>) presently carries a Zacks Rank of 2. It delivered a trailing four-quarter average earnings surprise of 15.2%. 
In the past 60 days, the Zacks Consensus Estimate for CR&#39;s 2024 earnings has risen 3.3%. 
Tennant Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tnc#NYSE">TNC</a>) currently carries a Zacks Rank of 2. TNC delivered a trailing four-quarter average earnings surprise of 38%. 
In the past 60 days, the Zacks Consensus Estimate for its 2024 earnings has inched up 1.9%.
<a href="https://www.zacks.com/stock/news/2275829/rbc-bearings-rbc-q4-earnings-surpass-estimates-up-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2275829">To read this article on Zacks.com click here.</a>

RBC Bearings Q4 Earnings Surpass Estimates, Up Y/Y

Luxfer Gas Cylinders, a division of Luxfer Holdings PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXFR#NYSE">LXFR</a>), a global industrial company innovating niche applications in materials engineering, today announced it has been awarded a clean technology grant from Alberta Innovates Hydrogen Centre of Excellence to support the development of a new Type 4 700 bar hydrogen cylinder.
Luxfer will use the Alberta Innovates grant to develop a polymer-lined high pressure hydrogen cylinder that reduces the number of components and amount of time to manufacture while also having the capability of storing gaseous pressure up to 700 bar (10,000 psi). The development work will take place in Luxfer's Calgary, Alberta, facility.
This next-generation Type 4 hydrogen cylinder will play a crucial role in growth markets requiring lightweight, high-volume hydrogen storage solutions such as fuel cell transit buses, heavy-duty trucks, vans, bulk gas transport, boats, and trains.
Howard Mead, Vice President and General Manager of Luxfer Composite, said, "Luxfer is excited to partner with Alberta Innovates on our next-generation Type 4 hydrogen cylinder development. This investment helps Luxfer demonstrate its commitment to innovative methods for hydrogen storage as well as to promote environmental sustainability."
Luxfer Gas Cylinders designs and manufactures Type 3 and Type 4 high pressure hydrogen cylinders for zero-emission fuel cell vehicles and compressed natural gas cylinders for low-emission vehicles. Cylinders manufactured by Luxfer are distributed internationally to integrators throughout the alternative fuel industry.

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Luxfer Gas Cylinders Awarded Grant From Alberta Innovates For Innovative 700 Bar Type 4 Hydrogen Cylinder Development

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