Luxfer Holdings PLC (NYSE:LXFR) Q4 2022 Earnings Conference Call March 1, 2023 8:30 AM ET

Company Participants

Michael Gaiden - VP, IR and Business Development

Andy Butcher - CEO

Steve Webster - CFO

Conference Call Participants

Philip Gibbs - KeyBanc

Chip Moore - EF Hutton

Operator

Good morning. My name is Shelby, and I will be your conference operator today. Welcome to Luxfer's Fourth Quarter 2022 Earnings Conference Call. [Operator Instructions]

Now I will turn the call over to Mike Gaiden, Vice President of Investor Relations and Business Development from Luxfer. Mike, please go ahead.

Michael Gaiden

Thank you, Shelby. Welcome, everyone, to Luxfer's fourth quarter 2022 earnings call. With me today is Andy Butcher, Luxfer's Chief Executive Officer; and Steve Webster, Luxfer's Chief Financial Officer. On today's call, we will provide details of our fourth quarter and full year 2022 performance as detailed in the press release issued yesterday. Today's webcast is accompanied by a presentation that can be accessed at luxfer.com.

Please note, any references to non-GAAP financials are reconciled in the appendix of the presentation. Before we begin, a friendly reminder that any forward-looking statements made about the company's expected financial results are subject to future risks and uncertainties. We undertake no obligation to update any forward-looking statements whether as a result of new information, future events or otherwise. Please refer to the safe harbor statement on Slide 2 of today's presentation for further details. Now I will turn the call over to Andy for his summary comments on the quarter and our outlook, after which Steve will provide details of our financial results and 2023 guidance.

Andy will then provide a longer-term view before Q&A. Andy, please go ahead.

Andy Butcher

Thank you, Mike, and welcome, everyone.

Please turn to Slide 3. I'm pleased to share with you highlights of our fourth quarter performance, which includes growth in sales and in adjusted EPS. The Luxfer team once again stepped up to deliver for our customers, in turn, helping us to realize full year earnings per share in line with guidance. I'm grateful for our team's ongoing focus and dedication.

I'm particularly pleased to report that volume growth accelerated in quarter four to $9 million with both Elektron and Gas Cylinders posting their best volumetric performance of the year. This strong quarter four reinforces our confidence in our long-term plans for profitable growth. We saw higher input costs once again during the quarter, and we continue taking actions to pass through these changes wherever allowed by contract, including additional increases at Gas Cylinders.