Luxfer Holdings PLC

luxfer.com

What Do They Do?

Makes magnesium powders, specialty materials and high-pressure gas cylinders for defense and emergency services, healthcare providers, and transportation and industrial markets.

How Do They Make Money?

Customers generally pay after purchase, though some pay in advance. Luxfer sells products and completes each sale when goods ship or are delivered, depending on the sale terms.

revenue

Segment	Share	How money arrives
Specialty Industrial Sold outright	26%	Sold outright
Transportation Sold outright	28% FY2022: 31%	Sold outright
Defense, First Response & Healthcare Sold outright	46% FY2022: 32%	Sold outright

Who Are Their Customers?

Supplies defense and emergency-response organizations, healthcare customers, and transportation and industrial customers; it also develops products in close collaboration with customers.

Do Revenues Turn Into Profits?

Yes. It kept 2 cents of every revenue dollar as net income in FY2025 and turned 7 cents into free cash flow.

Operating income, FY2025

6% of revenue

▼ −20% vs FY2024 ($30.1M, 8%)

Net income, FY2025

2% of revenue

▼ −58% vs FY2024 ($18.4M, 5%)

Free cash flow, FY2025

7% of revenue

▼ −36% vs FY2024 ($40.8M, 10%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 28, 2026

Revenue: ▼ −10%; vs $106.6M in Q2 FY2025
Net income: ▲ +85%; vs $2.6M in Q2 FY2025

Defense, First Response, and Healthcare share of revenue vs 43.9% in Q2 FY2025

Sep 8, 2026 Antitrust waiting period expired for proposed Wynnchurch acquisition The deal still requires shareholder approval and other regulatory approvals.
Jul 27, 2026 Luxfer agreed to be acquired by Wynnchurch for cash Shareholders would receive $17.37 per ordinary share, subject to shareholder, regulatory and court approvals.

Flat. Revenue was $384.6M in FY2025, about the same as the $374.1M of FY2021.

Graphic arts exit The older business description included photo-engraving plates and embossing dies for luxury packaging and related graphic uses; the latest says Luxfer sold Graphic Arts and no longer serves those markets.

Revenue over time

Specialty Industrial Transportation Defense, First Response & Healthcare General industrial

$500M$250M$0

FY2021 FY2022 FY2023 FY2024 FY2025

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