UP AFTER EARNINGS: Dexcom (DXCM) up 20.2%... Electro Scientific Industries (ESIO) up 16.9%... STAAR Surgical (STAA) up 16.0%... Habit Restaurant (HABT) up 10.0%... Tesla (TSLA) up 9.5%... Fortinet (FTNT) up 8.8%... Assured Guaranty (AGO) up 7.5%... Hub Group (HUBG) up 7.0%... iRhythm (IRTC) up 6.2%... Kennedy Wilson (KW) up 4.5%... FreightCar (RAIL) up 4.2%... Life Storage (LSI) up 3.8%... HerbaLife (HLF) up 3.8%... Zynga (ZNGA) up 3.6%... Clearwater Paper (CLW) up 3.5%... Boingo Wireless (WIFI) up 3.4%... Fitbit (FIT) up 3.2%... Stamps.com (STMP) up 3.0%... Scientific Games (SGMS) up 2.6%... Teladoc (TDOC) up 1.9%... Vanda Pharma (VNDA) up 1.7%... T-Mobile (TMUS) up 1.5%... Exelixis (EXEL) up 1.4%... U.S. Steel (X) up 1.0%... Luxfer (LXFR) up 1.0%. DOWN AFTER EARNINGS: Exact Sciences (EXAS) down 21.7%... RedRobin (RRGB) down 17.9%... R.R. Donnelley (RRD) down 14.4%... LivePerson (LPSN) down 12.6%... TripAdvisor (TRIP) down 11.6%... Pilgrim's Pride (PPC) down 7.4%... HubSpot (HUBS) down 6.7%... Inovalon (INOV) up 6.5%... FireEye (FEYE) down 5.0%... Arris Corp (ARRS) down 5.0%... Yum China (YUMC) down 4.6%... Qorvo (QRVO) down 3.9%... Tahoe Resources (TAHO) down 3.7%... Wynn Resorts (WYNN) down 3.6%... Concho Resources (CXO) down 3.6%... Kinross Gold (KGC) down 3.6%... Career Education (CECO) down 2.9%... Prudential (PRU) down 2.5%... FMC Corp (FMC) down 2.2%... XPO Logistics (XPO) down 1.9%. ALSO LOWER: Foot Locker (FL) down 1.6% after being initiated at Underweight by Morgan Stanley.
Reports Q2 revenue $128.2M vs. $106.6M last year. Based on the financial performance of Q3 and outlook for the remainder of 2018, the company is increasing its guidance for the 2018 full year to EPS of $1.35-$1.45 on an adjusted, fully diluted basis. It said, "Growth across business units, improved execution, and the early benefits of our productivity initiatives drove a very strong quarter for Luxfer. We are notably pleased with growing customer demand for our innovative SoluMag product, which is helping U.S. oil and gas well operators improve productivity and lower maintenance costs. Overall, we remain on track to deliver on our business transformation plan to achieve sustainable revenue growth, improve profitability and increase cash conversion."
Luxfer (LXFR) announced that Pete Dyke has been appointed as CHRO. He will assume the position immediately and will operate from the Graham, North Carolina office. Most recently he served as VP human resources for Pentair Water, a business segment of Pentair (PNR).
Luxfer Holdings (LXFR) announced that Heather Harding has been appointed CFO. She will assume the position on January 1, 2018, and operate from an office in the U.S. Most recently, she served as vice president, finance, for Eaton Lighting, a business unit of Eaton (ETN).
Luxfer Holdings announced that it has entered into an agreement to acquire the Specialty Metals business of ESM Group Inc., including a manufacturing facility in Saxonburg, Pennsylvania USA. ESM Group is a wholly owned subsidiary of SKW Stahl-Metallurgie Holding AG, a publicly traded German company listed on the Frankfurt Stock Exchange. ESM Group and its affiliate Affival Inc. provide desulfurization reagents, cored-wire products and engineering services to steel industries around the world. Luxfer and SKW anticipate closing within a few weeks, subject to any necessary approvals and consents to be secured by the parties.