Luxfer (LXFR)


Market Price (11/6/2026): $17.3 | Market Cap: $462.9 MilSector: Industrials | Industry: Industrial Machinery & Supplies & Components

Luxfer (LXFR)


Market Price (11/6/2026): $17.3
Market Cap: $462.9 Mil
Sector: Industrials
Industry: Industrial Machinery & Supplies & Components

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Dividend Yield is 3.0%

Low stock price volatility
Vol 12M is 32%

Megatrend and thematic drivers
Megatrends include Advanced Materials, Hydrogen Economy, and Water Infrastructure. Themes include Lightweight Composites, Show more.

Weak multi-year price returns
2Y Excs Rtn is -4.5%

Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 75x

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -12%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.6%, Rev Chg QQuarterly Revenue Change % is -4.1%

Key risks
LXFR key risks include [1] price volatility and supply chain constraints for critical raw materials like magnesium and zirconium, Show more.

0 Attractive yield
Dividend Yield is 3.0%
1 Low stock price volatility
Vol 12M is 32%
2 Megatrend and thematic drivers
Megatrends include Advanced Materials, Hydrogen Economy, and Water Infrastructure. Themes include Lightweight Composites, Show more.
3 Weak multi-year price returns
2Y Excs Rtn is -4.5%
4 Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 75x
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -12%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.6%, Rev Chg QQuarterly Revenue Change % is -4.1%
6 Key risks
LXFR key risks include [1] price volatility and supply chain constraints for critical raw materials like magnesium and zirconium, Show more.

LXFR in ETFs

Weight = LXFR's share of each fund

VTI0.00%
ITOT0.00%
IWM0.02%
AVUV0.04%
IWN0.03%
VTWO0.02%
IWV0.00%
DFAC0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/1/2026

Luxfer (LXFR) stock has remained largely at the same level since 7/31/2026 because of the following key factors:

1. Pending Acquisition by Wynnchurch Capital created a price ceiling.

On July 27, 2026, Luxfer Holdings PLC entered into a definitive agreement to be acquired by affiliates of Wynnchurch Capital, L.P. in an all-cash transaction valued at $17.37 per ordinary share. This pending transaction, with a shareholder vote scheduled for November 4, 2026, and closing expected later in November 2026, fundamentally reframed how investors interpret the stock, causing its price to track the acquisition offer rather than solely operational performance. This set a clear, immediate upper limit for the stock price, contributing to its stability near the offer price.

2. Weaker-than-expected fiscal Q3 2026 earnings offset potential upward movement.

For fiscal Q3 2026, which ended September 27, 2026, Luxfer reported GAAP net sales of $91.7 million, a 4.1% decrease year-over-year, missing analyst expectations that ranged from $93.6 million to $95.7 million. GAAP net income significantly declined by 66.7% to $0.9 million, and diluted GAAP EPS was $0.03, down 70% from the prior year and well below consensus estimates of $0.30 to $0.33 (adjusted EPS of $0.25 also missed estimates). Adjusted EBITDA also decreased by 10.3% to $12.2 million. These financial misses, particularly the sharp decline in profitability driven by lower sales in the Elektron segment's defense sector, exerted downward pressure on the stock, counteracting any other positive factors and reinforcing the stock's stability around the acquisition price.

Show more
Updated on 11/1/2026

Luxfer (LXFR) stock has remained largely at the same level since 7/31/2026 because of the following key factors:

1. Pending Acquisition by Wynnchurch Capital created a price ceiling.

On July 27, 2026, Luxfer Holdings PLC entered into a definitive agreement to be acquired by affiliates of Wynnchurch Capital, L.P. in an all-cash transaction valued at $17.37 per ordinary share. This pending transaction, with a shareholder vote scheduled for November 4, 2026, and closing expected later in November 2026, fundamentally reframed how investors interpret the stock, causing its price to track the acquisition offer rather than solely operational performance. This set a clear, immediate upper limit for the stock price, contributing to its stability near the offer price.

2. Weaker-than-expected fiscal Q3 2026 earnings offset potential upward movement.

For fiscal Q3 2026, which ended September 27, 2026, Luxfer reported GAAP net sales of $91.7 million, a 4.1% decrease year-over-year, missing analyst expectations that ranged from $93.6 million to $95.7 million. GAAP net income significantly declined by 66.7% to $0.9 million, and diluted GAAP EPS was $0.03, down 70% from the prior year and well below consensus estimates of $0.30 to $0.33 (adjusted EPS of $0.25 also missed estimates). Adjusted EBITDA also decreased by 10.3% to $12.2 million. These financial misses, particularly the sharp decline in profitability driven by lower sales in the Elektron segment's defense sector, exerted downward pressure on the stock, counteracting any other positive factors and reinforcing the stock's stability around the acquisition price.

3. Strong free cash flow and reduced net debt provided underlying support.

Despite the weaker earnings, Luxfer demonstrated financial strength in its cash generation and debt management during fiscal Q3 2026. The company reported strong free cash flow of $12.4 million and a reduction in net debt to $37.8 million. Net cash provided by operating activities was $15.6 million, including a $10.4 million UK pension surplus refund. This solid cash flow and improved balance sheet likely provided a fundamental floor for the stock, preventing a more significant decline that might otherwise have occurred given the earnings miss, thereby contributing to the largely stable stock performance.

4. Mixed industrial market conditions contributed to a cautious sentiment.

The broader industrial market experienced mixed conditions during fiscal Q3 2026. While some reports indicated accelerating demand and tightening vacancy rates in the U.S. industrial and logistics sector, the overall Industrials industry lost some momentum from summer highs. Headwinds such as diesel price increases, trade policy uncertainty, interest rate volatility, and the potential for an economic slowdown created a cautious macroeconomic environment. Although Luxfer's Gas Cylinders segment saw relatively flat sales and improved adjusted EBITDA, the Elektron segment, which includes defense applications, experienced lower sales. These varied macroeconomic pressures, along with segment-specific challenges, likely limited organic growth potential and further contributed to the stock's relatively unchanged level as investors weighed these factors against the certainty of the acquisition price.

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Stock Movement Drivers

Fundamental Drivers

The 1.6% change in LXFR stock from 7/31/2026 to 11/5/2026 was primarily driven by a 31.1% change in the company's P/E Multiple.
(LTM values as of)731202611052026Change
Stock Price ($)17.0317.301.6%
Change Contribution By: 
Total Revenues ($ Mil)359355-1.1%
Net Income Margin (%)2.2%1.7%-21.6%
P/E Multiple56.974.731.1%
Shares Outstanding (Mil)27270.0%
Cumulative Contribution1.6%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/5/2026
ReturnCorrelation
LXFR1.6% 
Market (SPY)-1.9%19.5%
Sector (XLI)-9.7%9.9%

Fundamental Drivers

The 15.8% change in LXFR stock from 4/30/2026 to 11/5/2026 was primarily driven by a 11.4% change in the company's Net Income Margin (%).
(LTM values as of)430202611052026Change
Stock Price ($)14.9417.3015.8%
Change Contribution By: 
Total Revenues ($ Mil)370355-4.0%
Net Income Margin (%)1.6%1.7%11.4%
P/E Multiple68.674.78.9%
Shares Outstanding (Mil)2727-0.5%
Cumulative Contribution15.8%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/5/2026
ReturnCorrelation
LXFR15.8% 
Market (SPY)2.3%32.2%
Sector (XLI)-6.7%29.1%

Fundamental Drivers

The 45.6% change in LXFR stock from 10/31/2025 to 11/5/2026 was primarily driven by a 235.9% change in the company's P/E Multiple.
(LTM values as of)1031202511052026Change
Stock Price ($)11.8817.3045.6%
Change Contribution By: 
Total Revenues ($ Mil)403355-11.8%
Net Income Margin (%)3.6%1.7%-50.9%
P/E Multiple22.274.7235.9%
Shares Outstanding (Mil)27270.0%
Cumulative Contribution45.6%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/5/2026
ReturnCorrelation
LXFR45.6% 
Market (SPY)8.4%35.2%
Sector (XLI)5.7%43.2%

Fundamental Drivers

The 137.9% change in LXFR stock from 10/31/2023 to 11/5/2026 was primarily driven by a 125.2% change in the company's P/E Multiple.
(LTM values as of)1031202311052026Change
Stock Price ($)7.2717.30137.9%
Change Contribution By: 
Total Revenues ($ Mil)426355-16.6%
Net Income Margin (%)1.4%1.7%26.0%
P/E Multiple33.274.7125.2%
Shares Outstanding (Mil)27270.5%
Cumulative Contribution137.9%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/5/2026
ReturnCorrelation
LXFR137.9% 
Market (SPY)81.3%40.7%
Sector (XLI)71.8%45.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
LXFR Return21%-27%-32%54%9%31%32%
Peers Return35%6%31%-20%35%9%122%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
LXFR Win Rate67%50%42%50%58%64% 
Peers Win Rate60%43%52%42%62%58% 
S&P 500 Win Rate75%42%67%75%67%45% 

Max Drawdowns [4]
LXFR Max Drawdown-21%-33%-54%-23%-34%-26% 
Peers Max Drawdown-30%-38%-34%-39%-42%-46% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: MTRN, ATI, WOR, ALB, TROX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/5/2026 (YTD)

How Low Can It Go

EventLXFRS&P 500
2025 US Tariff Shock
  % Loss-33.6%-18.8%
  % Gain to Breakeven50.5%23.1%
  Time to Breakeven163 days79 days
2024 Yen Carry Trade Unwind
  % Loss-12.5%-7.8%
  % Gain to Breakeven14.3%8.5%
  Time to Breakeven36 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-42.4%-9.5%
  % Gain to Breakeven73.5%10.5%
  Time to Breakeven355 days24 days
2023 SVB Regional Banking Crisis
  % Loss-20.0%-6.7%
  % Gain to Breakeven25.0%7.1%
  Time to Breakeven917 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-25.1%-24.5%
  % Gain to Breakeven33.6%32.4%
  Time to Breakeven1333 days427 days
2020 COVID-19 Crash
  % Loss-32.2%-33.7%
  % Gain to Breakeven47.4%50.9%
  Time to Breakeven253 days140 days

Compare to MTRN, ATI, WOR, ALB, TROX

In The Past

Luxfer's stock fell -33.6% during the 2025 US Tariff Shock. Such a loss loss requires a 50.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventLXFRS&P 500
2025 US Tariff Shock
  % Loss-33.6%-18.8%
  % Gain to Breakeven50.5%23.1%
  Time to Breakeven163 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-42.4%-9.5%
  % Gain to Breakeven73.5%10.5%
  Time to Breakeven355 days24 days
2023 SVB Regional Banking Crisis
  % Loss-20.0%-6.7%
  % Gain to Breakeven25.0%7.1%
  Time to Breakeven917 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-25.1%-24.5%
  % Gain to Breakeven33.6%32.4%
  Time to Breakeven1333 days427 days
2020 COVID-19 Crash
  % Loss-32.2%-33.7%
  % Gain to Breakeven47.4%50.9%
  Time to Breakeven253 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-27.2%-19.2%
  % Gain to Breakeven37.4%23.8%
  Time to Breakeven80 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-23.2%-12.2%
  % Gain to Breakeven30.2%13.9%
  Time to Breakeven126 days62 days
2014-2016 Oil Price Collapse
  % Loss-48.7%-6.8%
  % Gain to Breakeven94.9%7.3%
  Time to Breakeven878 days15 days

Compare to MTRN, ATI, WOR, ALB, TROX

In The Past

Luxfer's stock fell -33.6% during the 2025 US Tariff Shock. Such a loss loss requires a 50.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Luxfer (LXFR)

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Luxfer Holdings PLC (LXFR) is a global company that designs, manufactures, and supplies high-performance materials, components, and specialized high-pressure gas containment devices. The company serves critical end-markets including defense and emergency response, healthcare, transportation, and various general industrial applications. Luxfer operates through two distinct segments: Elektron and Gas Cylinders.

The Elektron segment specializes in advanced materials derived from magnesium and zirconium. Its product offerings include magnesium alloys used across diverse industries, magnesium powders crucial for applications like countermeasure flares and self-heating meals, and photoengraving plates for graphic arts. Additionally, this segment provides zirconium-based materials and oxides, which are vital as catalysts and components in advanced ceramics, fiber-optic fuel cells, and other high-performance products, catering to sectors requiring specialized material properties.

The Gas Cylinders segment focuses on manufacturing high-pressure cylinders from carbon composites and aluminum. These specialized cylinders are essential for various critical applications, such as self-contained breathing apparatus (SCBA) for firefighters and emergency responders, the safe containment of oxygen and other medical gases for healthcare providers, and storage solutions for alternative fuel vehicles. This segment also supplies cylinders for a wide range of general industrial uses, underscoring its role in essential infrastructure and safety equipment.

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AI Analysis | Feedback

1. A niche 3M, providing specialized materials and critical components for defense, healthcare, and industrial sectors.

2. Like Parker Hannifin or Illinois Tool Works (ITW), but specializing in advanced materials and high-pressure gas cylinders for essential applications like firefighting and medical oxygen.

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  • **Magnesium Alloys:** High-performance materials used in various industrial applications.
  • **Magnesium Powders:** Specialty powders primarily used in countermeasure flares and self-heating meal systems.
  • **Photoengraving Plates:** Materials designed for use in graphic arts applications.
  • **Zirconium-based Materials & Oxides:** Advanced materials functioning as catalysts and components in ceramics, fiber-optic fuel cells, and other high-performance products.
  • **Carbon Composite & Aluminum Gas Cylinders:** Pressurized containment devices for diverse uses including firefighter SCBAs, medical gases, alternative fuel vehicles, and general industrial applications.

AI Analysis | Feedback

Luxfer (LXFR) primarily sells to other companies and organizations (Business-to-Business or B2B) rather than directly to individuals.

Based on the provided company description, specific major customer names are not listed. However, Luxfer's products and materials are supplied for various end-market applications, indicating that its customers are companies and entities operating within the following sectors:

  • Defense and Emergency Response: This includes military contractors, defense organizations, and emergency services such as fire departments and ambulance services, which utilize products like countermeasure flares and self-contained breathing apparatus (SCBA).
  • Healthcare: Customers in this sector include hospitals, clinics, and medical gas suppliers that require specialized cylinders for oxygen and other medical gases.
  • Transportation: This mainly involves manufacturers in the automotive industry, particularly those involved in alternative fuel vehicles, utilizing Luxfer's specialized cylinders.
  • General Industrial: This broad category encompasses various manufacturing and industrial companies that use Luxfer's high-performance materials (magnesium alloys, zirconium-based materials) and components for their own products or processes.

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Andy Butcher, Chief Executive Officer

Andy Butcher became Chief Executive Officer on May 6, 2022, and was also appointed an Executive Director. He has over 30 years of experience with Luxfer, having joined the company in 1991. Prior to his CEO appointment, he served as President of Luxfer Gas Cylinders, Luxfer's largest business unit, since 2014. In 2002, he led the development of Luxfer's composite gas cylinder business. Mr. Butcher holds an M.A. degree in Engineering from Cambridge University and an M.B.A from Keele University.

Steve Webster, Chief Financial Officer

Steve Webster was appointed Chief Financial Officer effective March 1, 2022. Before this role, he served as the Company's Corporate Controller for six years, where he played an instrumental role in Luxfer's business and portfolio transformation. Prior to joining Luxfer, Mr. Webster held various finance leadership roles at global businesses, including Head of Global Accounting at Seadrill Limited and Financial Accounting Director at JT International. He is a Chartered Accountant and holds a degree in International Management and Modern Languages from the University of Bath.

Graham Wardlow, Divisional Managing Director, Luxfer MEL Technologies

Graham Wardlow was appointed Managing Director of Luxfer MEL Technologies in October 2017, and his job title was updated to Divisional Managing Director effective January 1, 2025.

Jeff Moorefield, Vice President and General Manager, Luxfer Magtech

Jeff Moorefield was appointed Vice President and General Manager of Luxfer Magtech on April 1, 2022.

Mark Lawday, Vice President & General Manager, Luxfer Gas Cylinders-Europe

Mark Lawday was appointed Vice President & General Manager of Luxfer Gas Cylinders - Europe in April 2022.

AI Analysis | Feedback

Key Risks to Luxfer (LXFR)

  1. Raw Material Price Volatility and Supply Disruptions: Luxfer is significantly exposed to fluctuations in the prices of key raw materials such as magnesium, zirconium, carbon fiber, and aluminum. These price changes can impact the company's profitability and margins. For example, there was a notable U.S. magnesium supply disruption in late 2023, and global production of magnesium is heavily reliant on regions with potentially constrained power grids, leading to price spikes and inventory risks. Similarly, aluminum and carbon fiber prices have experienced substantial volatility and increases in recent years. While Luxfer attempts to offset these costs by raising prices and managing its supply chain, the inherent volatility remains a significant risk.
  2. Volatile Demand in Alternative Fuel and Green Technology Sectors: The company's Gas Cylinders segment, which manufactures products for alternative fuel vehicles and other clean energy solutions, faces risks from volatile demand in these markets. The growth expectations for hydrogen and other green technologies have, at times, been oversold, with near-term demand not as robust as anticipated. Regulatory challenges and a "muted" market sentiment, particularly for alternative fuels, were noted as factors leading to a 6% year-over-year decline in the Gas Cylinders segment's sales in Q2 2025. Slower-than-expected uptake of hydrogen as a vehicle fuel could negatively impact this segment's results.
  3. Customer Concentration in the Gas Cylinders Segment: Luxfer's Gas Cylinders segment exhibits a notable concentration of sales among a small number of customers. In 2024, the top ten customers accounted for 62% of the segment's sales, with three customers individually representing 18%, 14%, and 10%. This trend continued into 2025, where the ten largest customers made up approximately 57% of segment sales, with two customers each contributing 15%. Such a high reliance on a limited number of major customers introduces a significant business risk, as the loss of, or a substantial reduction in orders from, any of these key customers could materially and adversely affect the segment's, and thus the company's, financial performance.

AI Analysis | Feedback

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Luxfer Holdings PLC (symbol: LXFR) operates in several addressable markets for its high-performance materials, components, and high-pressure gas containment devices. Below are the estimated market sizes for its main products and services:

Elektron Segment

  • Magnesium Alloys: The global magnesium alloy market size is estimated at USD 2.79 billion in 2025 and is projected to reach USD 10.80 billion by 2035, growing at a Compound Annual Growth Rate (CAGR) of 14.47% during the forecast period. Asia-Pacific is the dominating region in this market.
  • Magnesium Powders: The global magnesium powder market size was estimated at USD 338.15 million in 2024 and is predicted to grow to approximately USD 670.45 million by 2035, exhibiting a CAGR of 6.42% from 2025 to 2035. Asia Pacific is the leading consumer of magnesium powder globally.
  • Photoengraving Plates for Graphic Arts: The global printing plates market, which includes photoengraving plates, was valued at USD 15 billion in 2024 and is expected to reach USD 21.4 billion by 2034, growing at a CAGR of 4% from 2025 to 2034. Asia-Pacific was the largest region in the printing plates market in 2025.
  • Zirconium-based Materials and Oxides (for catalysts, advanced ceramics, fiber-optic fuel cells): The global zirconium market size was estimated at USD 2.24 billion in 2025 and is predicted to reach approximately USD 4.41 billion by 2034, expanding at a CAGR of 7.80% from 2025 to 2034. The Asia Pacific region accounted for more than 46% of the revenue share in 2024.

Gas Cylinders Segment

  • Pressurized Cylinders for Self-Contained Breathing Apparatus (SCBA) for Firefighters: The global self-contained breathing apparatus (SCBA) market size was valued at USD 1.77 billion in 2025 and is projected to grow to USD 3.30 billion by 2034, exhibiting a CAGR of 7.16% during the forecast period. The global self-contained breathing apparatus cylinders market size was estimated at USD 1,081.4 million in 2024 and is projected to reach USD 1,466.7 million by 2030, growing at a CAGR of 5.2% from 2025 to 2030. North America was the largest revenue-generating market for SCBA cylinders in 2024.
  • Containment of Oxygen and other Medical Gases for Healthcare: The global medical gas market size was estimated at USD 15,899.9 million in 2024 and is projected to reach USD 25,552.5 million by 2030, growing at a CAGR of 8.3% from 2025 to 2030. The medical gas cylinder market is forecasted to grow by USD 3.26 billion during 2023-2028, accelerating at a CAGR of 11%. North America dominated the global medical gas market in 2024.
  • Alternative Fuel Vehicles (Cylinders for): The global alternative fuel vehicles market size was valued at USD 796.2 billion in 2024 and is estimated to register a CAGR of 14% between 2025 and 2034. The CNG tank market, a component for alternative fuel vehicles, was valued at USD 1.80 billion in 2023 and is estimated to reach USD 3.99 billion by 2032, growing at a CAGR of 9.25% during the forecast period.
  • General Industrial (Gas Cylinders): The industrial gas cylinders market size is expected to grow from $7.41 billion in 2025 to $7.9 billion in 2026 at a compound annual growth rate (CAGR) of 6.7%. Asia-Pacific was the largest region in the industrial gas cylinders market in 2025.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for Luxfer (LXFR) over the next 2-3 years:

  1. Growth in Defense and Aerospace Applications (Elektron Segment): Luxfer anticipates continued revenue growth from its Elektron segment, specifically driven by sustained momentum in defense and aerospace applications. The company has experienced record volume levels in its Magtech Solutions and is focusing on higher-value programs within this market.
  2. Increased Demand for Self-Contained Breathing Apparatus (SCBA) and Alternative Fuel Cylinders (Gas Cylinders Segment): The Gas Cylinders segment is expected to benefit from increased demand for SCBA cylinders, including anticipated replacement cycles, and growth in alternative fuel vehicles, particularly with new automotive platforms expected to contribute to acceleration in 2027.
  3. Launch of New Products and Innovation: Luxfer's strategic priorities include the introduction of next-generation products, with a focus on advanced alloys and chemical formulations tailored for aerospace, defense, and clean-energy markets. These new product introductions are expected to drive revenue acceleration, particularly beyond 2026.
  4. Operational Optimization and Efficiency Initiatives: The company's ongoing operational excellence initiatives, such as the Centers of Excellence in Riverside and Saxonburg, are designed to strengthen its cost structure and improve operational efficiency. While primarily impacting profitability, these improvements can indirectly support competitive pricing and market share gains, thereby contributing to revenue growth.
  5. Expansion into Environmental and Healthcare Technologies: Luxfer is strategically positioned to capitalize on increasing demand within environmental technologies and healthcare technologies, leveraging its expertise in high-performance materials and niche applications. This focus aligns with the growing need for sustainable and health-focused solutions.

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Share Repurchases

  • Luxfer repurchased 246,875 shares of common stock for approximately $3.1 million in 2025.

Share Issuance

  • No significant share issuances were explicitly reported as major capital allocation decisions within the last 3-5 years in the provided search results.

Outbound Investments

  • Luxfer completed the divestiture of its Graphic Arts business in early 2025, which enhanced its portfolio focus on core segments.
  • In 2021, Luxfer acquired the Structural Composites Industries (SCI) business from Worthington Industries for $20 million in cash. This acquisition was intended to strengthen Luxfer's composite cylinder offering and capabilities in alternative fuels.

Capital Expenditures

  • Capital expenditures, including the purchase of intangible assets, were approximately $3.2 million in 2025, $3.0 million in 2024, $7.8 million in 2023, and $10.7 million in 2022.
  • For 2026, capital expenditures are expected to be above normal levels, ranging between $15 million and $20 million. These expenditures are primarily focused on supporting optimization initiatives, growth opportunities, and productivity improvements.
  • Significant capital expenditures include relocating aerospace and life support product lines from Pomona, California, to Riverside, California, and investing over $6 million in consolidating U.S. magnesium powder operations at its Saxonburg site, with completion expected before the end of 2026. These operational excellence initiatives are anticipated to generate approximately $6 million in long-term annual savings.

Better Bets vs. Luxfer (LXFR)

Peer Outperformance in Industrial Machinery & Supplies & Components

LXFR has trailed 66% of its 70 Industrial Machinery & Supplies & Components peers over 5Y. Industrial Machinery & Supplies & Components ranks 6th of 23 industries in Industrials by median 5Y return.
Share of Industrial Machinery & Supplies & Components constituents that LXFR has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
91%
of 75 industry peers · 40.4% return
3Y
86%
of 73 industry peers · 128.7% return
5Y
34%
of 70 industry peers · -4.2% return
No Industrial Machinery & Supplies & Components peer with a comparable growth profile has beaten LXFR by more than 20pp over 5Y.
Median price return by industry across the Industrials sector, ranked by 5Y. Industrial Machinery & Supplies & Components is LXFR's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Marine Transportation 5 25.1%30.2%102.9% MATX 155% · KEX 103%
Construction Machinery & Heavy Transportation Equipment 13 6.3%55.5%95.0% ALSN 255% · WAB 204% · CAT 192%
Construction & Engineering 29 -21.3%79.9%94.8% FIX 895% · STRL 799% · AGX 526%
Aerospace & Defense 54 -12.6%55.7%49.5% ATI 849% · FTAI 756% · HWM 509%
Trading Companies & Distributors 19 5.6%30.7%33.8% DXPE 276% · AIT 184% · URI 177%
Industrial Machinery & Supplies & Components ← 71 0.3%46.1%29.7% CRS 797% · MLI 298% · SYM 249%
Rail Transportation 7 34.9%53.7%27.8% CSX 54% · UNP 40% · NSC 28%
Diversified Support Services 33 14.8%36.8%21.3% CXW 195% · OPLN 143% · CTAS 115%
Building Products 34 -6.6%9.3%10.6% MOD 714% · GFF 345% · TT 126%
Cargo Ground Transportation 16 27.9%14.6%4.8% XPO 269% · R 250% · ARCB 25%
Industrial Conglomerates 17 14.8%-1.6%-1.3% CSW 103% · CSL 72% · DD 65%
Office Services & Supplies 10 20.8%22.5%-2.6% PBI 158% · TILE 140% · HNI 40%
Electrical Components & Equipment 39 -14.2%56.2%-12.1% POWL 1360% · VRT 543% · BE 424%
Data Processing & Outsourced Services 6 -11.8%5.0%-12.7% EXLS 59% · BR 22% · G -12%
Research & Consulting Services 13 4.9%-15.5%-22.6% HURN 227% · FCN 36% · BAH 14%
Agricultural & Farm Machinery 16 7.2%-7.4%-27.4% BLBD 171% · DE 99% · TTC 15%
Security & Alarm Services 9 -51.2%10.7%-28.0% BCO 65%
Environmental & Facilities Services 29 -31.2%25.5%-28.1% GEO 163% · CLH 162% · RSG 100%
Passenger Airlines 11 2.6%64.1%-34.8% LTM 3100% · UAL 110% · DAL 100%
Air Freight & Logistics 12 -28.8%-7.3%-39.1% FDX 80% · EXPD 60% · CHRW 54%
Human Resource & Employment Services 22 19.2%-6.0%-42.4% ADP 50% · FA 22% · PAYX 13%
Passenger Ground Transportation 3 -14.1%42.9%-57.4% UBER 46% · CAR -57% · LYFT -67%
Airport Services 4 -49.1%-62.8%-86.2% JOBY -47%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

LXFRMTRNATIWORALBTROXMedian
NameLuxfer Materion ATI Worthing.AlbemarleTronox  
Mkt Price17.30182.11170.0561.2299.082.6680.15
Mkt Cap0.53.823.13.011.70.43.4
Rev LTM3552,2215,0131,4216,1533,0572,639
Op Inc LTM30147828851,001-97116
FCF LTM19834211961,444-159140
FCF 3Y Avg295035518642-13746
CFO LTM301627302521,851101207
CFO 3Y Avg381316182441,112175209

Growth & Margins

LXFRMTRNATIWORALBTROXMedian
NameLuxfer Materion ATI Worthing.AlbemarleTronox  
Rev Chg LTM-11.8%28.1%9.4%18.4%24.4%3.7%13.9%
Rev Chg 3Y Avg-5.6%10.5%6.8%-8.9%-11.2%0.2%-2.7%
Rev Chg Q-4.1%27.5%26.5%13.2%18.8%18.7%18.7%
QoQ Delta Rev Chg LTM-1.1%5.8%6.3%2.9%4.2%4.7%4.4%
Op Inc Chg LTM-32.6%0.9%31.3%29.5%5,106.6%-172.4%15.2%
Op Inc Chg 3Y Avg4.0%1.1%21.3%699.9%1,676.0%-80.5%12.7%
Op Mgn LTM8.4%6.6%16.5%6.0%16.3%-3.2%7.5%
Op Mgn 3Y Avg9.3%7.3%14.1%3.9%-2.4%2.2%5.6%
QoQ Delta Op Mgn LTM-1.5%0.3%1.3%-0.0%2.5%-0.7%0.1%
CFO/Rev LTM8.4%7.3%14.6%17.7%30.1%3.3%11.5%
CFO/Rev 3Y Avg10.0%6.9%13.3%19.3%19.1%5.9%11.7%
FCF/Rev LTM5.3%3.8%8.4%13.8%23.5%-5.2%6.9%
FCF/Rev 3Y Avg7.5%2.5%7.6%14.7%1.2%-4.6%5.0%

Valuation

LXFRMTRNATIWORALBTROXMedian
NameLuxfer Materion ATI Worthing.AlbemarleTronox  
Mkt Cap0.53.823.13.011.70.43.4
P/S1.31.74.62.11.90.11.8
P/Op Inc15.525.927.934.811.7-4.420.7
P/EBIT21.327.828.813.516.9-1.719.1
P/E74.736.841.718.217.2-0.827.5
P/CFO15.423.431.711.86.34.213.6
Total Yield4.3%3.1%2.4%6.8%7.5%-121.0%3.7%
Dividend Yield3.0%0.3%0.0%1.3%1.6%10.5%1.5%
FCF Yield 3Y Avg7.7%1.4%2.6%7.5%-0.0%-15.6%2.0%
D/E0.10.10.10.10.28.00.1
Net D/E0.10.10.10.10.07.60.1

Returns

LXFRMTRNATIWORALBTROXMedian
NameLuxfer Materion ATI Worthing.AlbemarleTronox  
1M Rtn0.3%-41.7%-12.7%-0.7%-6.8%-31.3%-9.7%
3M Rtn1.2%-34.5%-23.9%6.1%-20.7%-61.4%-22.3%
6M Rtn12.3%-4.6%4.5%10.7%-49.8%-68.0%-0.0%
12M Rtn40.4%57.6%76.2%10.6%9.0%-13.6%25.5%
3Y Rtn128.7%66.9%300.8%52.7%-13.1%-73.4%59.8%
1M Excs Rtn1.9%-35.9%-8.7%2.7%-2.1%-26.8%-5.4%
3M Excs Rtn2.1%-36.3%-24.5%6.1%-23.3%-57.9%-23.9%
6M Excs Rtn7.5%-9.5%-0.3%5.9%-54.6%-72.9%-4.9%
12M Excs Rtn30.1%50.0%63.4%-0.5%-0.3%-27.4%14.9%
3Y Excs Rtn54.5%4.8%266.0%-27.1%-102.0%-156.4%-11.2%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Elektron196176187201156
Gas Cylinders175186186184178
Graphic Arts1330323940
Total385392405423374


Operating Income by Segment
$ Mil20212020201920182017
Elektron3123454419
Gas Cylinders171822162
Defined benefits pension mark-to-market gain241  
Other charges-1-0-2  
Acquisition (costs) / credit-2 -1-4 
Provision for taxes-5-7-8-6 
Restructuring charges-6-9-26-13 
Amortization  -13  
Impairment charge  0-7 
Other share-based compensation charges  0  
Unwind discount on deferred consideration  -0-0 
Other    -2
Total3629183019


Assets by Segment
$ Mil20252024202320222021
Elektron171173162216206
Gas Cylinders122122131133123
Other7164515035
Discontinued operations68885
Graphic Arts01520  
Total370382372407369


Price Behavior

Price Behavior
Market Price$17.30 
Market Cap ($ Bil)0.5 
First Trading Date10/03/2012 
Distance from 52W High-8.6% 
   50 Days200 Days
DMA Price$17.24$15.75
DMA Trendindeterminateup
Distance from DMA0.3%9.8%
 3M1YR
Volatility3.0%31.5%
Downside Capture0.3471.52
Upside Capture7.92103.64
Correlation (S&P 500)25.2%37.6%
LXFR Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta0.050.040.040.640.921.06
Up Beta0.040.10-0.02-0.030.761.01
Down Beta0.180.130.100.250.931.19
Up Capture-2%1%6%106%119%124%
Bmk +ve Days12182862130427
Stock +ve Days10203162133382
Down Capture2%-1%-0%87%84%100%
Bmk -ve Days10253664121325
Stock -ve Days12182453103342

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with LXFR
LXFR43.9%31.5%1.17-
Sector ETF (XLI)7.4%17.8%0.2443.4%
Equity (SPY)9.5%13.6%0.4135.1%
Gold (GLD)3.6%28.7%0.1113.3%
Commodities (DBC)37.7%21.2%1.40-15.0%
Real Estate (VNQ)12.0%14.2%0.5517.0%
Bitcoin (BTCUSD)-20.8%43.3%-0.429.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with LXFR
LXFR1.0%37.8%0.11-
Sector ETF (XLI)10.8%17.7%0.4545.9%
Equity (SPY)11.3%17.3%0.4842.0%
Gold (GLD)17.5%19.1%0.748.4%
Commodities (DBC)8.0%19.6%0.298.9%
Real Estate (VNQ)1.2%18.9%-0.0536.1%
Bitcoin (BTCUSD)5.9%51.5%0.2924.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with LXFR
LXFR10.0%40.0%0.36-
Sector ETF (XLI)12.9%20.1%0.5648.2%
Equity (SPY)14.9%18.0%0.7043.8%
Gold (GLD)12.0%16.5%0.595.9%
Commodities (DBC)7.6%18.1%0.3316.0%
Real Estate (VNQ)5.7%20.7%0.2337.7%
Bitcoin (BTCUSD)61.3%66.2%1.0115.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity0.5 Mil
Short Interest: % Change Since 9302026-4.8%
Average Daily Volume0.5 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity26.8 Mil
Short % of Basic Shares1.7%

Earnings Returns History

Updated 11/4/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/30/2024-0.1%-16.4%-16.6%
4/30/20249.9%17.8%24.9%
10/11/2023-12.4%-30.3%-38.2%
10/25/20216.8%1.4%1.8%
7/26/20210.6%2.3%5.1%
4/26/20210.6%9.2%9.4%
2/23/20212.1%0.5%2.1%
SUMMARY STATS   
# Positive555
# Negative222
Median Positive2.1%2.3%5.1%
Median Negative-6.3%-23.4%-27.4%
Max Positive9.9%17.8%24.9%
Max Negative-12.4%-30.3%-38.2%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/30/2024-0.1%-16.4%-16.6%
4/30/20249.9%17.8%24.9%
10/11/2023-12.4%-30.3%-38.2%
10/25/20216.8%1.4%1.8%
7/26/20210.6%2.3%5.1%
4/26/20210.6%9.2%9.4%
2/23/20212.1%0.5%2.1%
SUMMARY STATS   
# Positive555
# Negative222
Median Positive2.1%2.3%5.1%
Median Negative-6.3%-23.4%-27.4%
Max Positive9.9%17.8%24.9%
Max Negative-12.4%-30.3%-38.2%

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202610/28/202610-Q
06/30/202607/28/202610-Q
03/31/202604/28/202610-Q
12/31/202502/24/202610-K
09/30/202510/28/202510-Q
06/30/202507/29/202510-Q
03/31/202504/29/202510-Q
12/31/202402/25/202510-K
09/30/202410/29/202410-Q
06/30/202407/30/202410-Q
03/31/202404/30/202410-Q
12/31/202302/27/202410-K
09/30/202310/25/202310-Q
06/30/202307/25/202310-Q
03/31/202304/26/202310-Q
12/31/202203/01/202310-K
Collapse to Preview
Report DateFiling DateFiling
09/30/202610/28/202610-Q
06/30/202607/28/202610-Q
03/31/202604/28/202610-Q
12/31/202502/24/202610-K
09/30/202510/28/202510-Q
06/30/202507/29/202510-Q
03/31/202504/29/202510-Q
12/31/202402/25/202510-K
09/30/202410/29/202410-Q
06/30/202407/30/202410-Q
03/31/202404/30/202410-Q
12/31/202302/27/202410-K
09/30/202310/25/202310-Q
06/30/202307/25/202310-Q
03/31/202304/26/202310-Q
12/31/202203/01/202310-K
09/30/202210/25/202210-Q
06/30/202207/27/202210-Q
03/31/202204/25/202210-Q
12/31/202102/24/202210-K
09/30/202110/25/202110-Q
06/30/202107/26/202110-Q
03/31/202104/26/202110-Q
12/31/202003/02/202110-K
09/30/202010/26/202010-Q
06/30/202007/27/202010-Q
03/31/202004/27/202010-Q
12/31/201903/10/202010-K

Insider Activity

Updated 6/15/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Hipple, Richard J DirectSell615202615.054,01060,350495,446Form
2Trimberger, Lisa G Lisa G. Trimberger TrustSell615202615.054,01060,350313,055Form
3Stein, Sylvia Ann DirectSell615202615.054,01060,350223,402Form
4Snowdon, Clive SpouseSell615202615.054,01560,426403,957Form
5Mullen, Patrick K DirectSell615202615.055,32380,111634,282Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Hipple, Richard J DirectSell615202615.054,01060,350495,446Form
2Trimberger, Lisa G Lisa G. Trimberger TrustSell615202615.054,01060,350313,055Form
3Stein, Sylvia Ann DirectSell615202615.054,01060,350223,402Form
4Snowdon, Clive SpouseSell615202615.054,01560,426403,957Form
5Mullen, Patrick K DirectSell615202615.055,32380,111634,282Form
6Webster, StephenChief Financial OfficerDirectSell611202511.834,24450,207315,411Form
7Stein, Sylvia Ann DirectSell610202510.024,10841,16299,208Form
8Hipple, Richard J DirectSell610202510.024,10841,162158,346Form
9Snowdon, Clive SpouseSell610202510.024,12041,282219,468Form
10Trimberger, Lisa G Lisa G. Trimberger TrustSell610202510.024,10841,162158,897Form
11Mullen, Patrick K DirectSell609202510.025,46354,739356,882Form
Core Cache Last Updated: 11/5/2026