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Segmental Information (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Financial information by reportable segment for the Second Quarter and year-to-date ended June 30, 2019, and July 1, 2018, is included in the following summary:

		Net sales																	Adjusted EBITDA
		Second Quarter								Year-to-date									Second Quarter								Year-to-date
	In millions	2019				2018				2019				2018					2019				2018				2019				2018
	Gas Cylinders segment	$	58.1			$	60.4			$	116.5			$	119.7				$	7.1			$	5.0			$	11.6			$	11.0
	Elektron segment	58.4				67.8				120.4				128.2					13.1				16.4				27.1				29.6
	Consolidated	$	116.5			$	128.2			$	236.9			$	247.9				$	20.2			$	21.4			$	38.7			$	40.6

		Depreciation and amortization																	Restructuring charges
		Second Quarter								Year-to-date									Second Quarter								Year-to-date
	In millions	2019				2018				2019				2018					2019				2018				2019				2018
	Gas Cylinders segment	$	1.4			$	1.9			$	2.8			$	3.9				$	8.3			$	(0.1	)		$	17.2			$	0.1
	Elektron segment	2.6				3.0				4.9				5.9					4.4				0.4				4.5				0.9
	Consolidated	$	4.0			$	4.9			$	7.7			$	9.8				$	12.7			$	0.3			$	21.7			$	1.0

		Total assets									Capital expenditures
		June 30,				December 31,					Second Quarter								Year-to-date
	In millions	2019				2018					2019				2018				2019				2018
	Gas Cylinders segment	$	161.5			$	156.3				$	1.3			$	0.3			$	2.4			$	0.7
	Elektron segment	214.2				218.2					2.6				2.1				5.2				3.1
	Other	36.4				34.3					—				—				—				—
		$	412.1			$	408.8				$	3.9			$	2.4			$	7.6			$	3.8

Property, plant and equipment, net by geographic region

			Property, plant and equipment, net
			June 30,				December 31,
	In millions		2019				2018
	United States		$	59.4			$	66.1
	United Kingdom		37.9				36.0
	Rest of Europe		1.0				1.1
	Asia Pacific		0.3				0.3
	Other (2)		3.7				3.4
			$	102.3			$	106.9

⁽¹⁾ The Luxfer Czech Republic business unit was sold at the end of the Second Quarter of 2019. Its results of operations are included within the current quarter and year-to-date figures.

⁽²⁾ Adjusted EBITA is adjusted EBITDA less depreciation and loss on disposal of property, plant and equipment.

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following table presents a reconciliation of Adjusted EBITDA to net income:

		Second Quarter								Year-to-date
	In millions	2019				2018				2019				2018
	Adjusted EBITDA	$	20.2			$	21.4			$	38.7			$	40.6
	Other share-based compensation charges	(0.8		)		(1.4		)		(3.4		)		(1.9		)
	Depreciation and amortization	(4.0		)		(4.9		)		(7.7		)		(9.8		)
	Unwind discount on deferred consideration	(0.1		)		(0.2		)		(0.1		)		(0.3		)
	Restructuring charges	(12.7		)		(0.3		)		(21.7		)		(1.0		)
	Fair value adjustment to held-for-sale assets	—				—				0.2				—
	Acquisition and disposal related gains / (costs)	2.9				—				(1.7		)		—
	Defined benefits pension mark-to-market gain	0.5				1.2				1.1				2.6
	Interest expense, net	(1.1		)		(1.0		)		(2.2		)		(2.5		)
	Provision for income taxes	(1.4		)		(3.4		)		(3.5		)		(6.4		)
	Net income	$	3.5			$	11.4			$	(0.3	)		$	21.3

Revenue from External Customers and Long-term Assets by Geographic Areas

The following tables present certain geographic information by geographic region for the Second Quarter and Year-to-date, ended June 30, 2019 and July 1, 2018, respectively:

		Net Sales(1)
		Second Quarter											Year-to-date
		2019					2018						2019					2018
		$M			Percent		$M			Percent			$M			Percent		$M			Percent
	United States	$	63.0		54.0	%	$	65.9		51.5	%		$	124.4		52.5	%	$	128.2		51.8	%
	U.K.	9.1			7.8	%	11.8			9.2	%		20.6			8.7	%	23.4			9.4	%
	Germany	5.8			5.0	%	9.6			7.5	%		14.0			5.9	%	21.0			8.5	%
	Italy	5.2			4.5	%	4.8			3.7	%		11.7			4.9	%	10.1			4.1	%
	France	4.2			3.6	%	4.1			3.2	%		9.4			4.0	%	9.0			3.6	%
	Top five countries	$	87.3		74.9	%	$	96.2		75.1	%		$	180.1		76.0	%	$	191.7		77.4	%
	Rest of Europe	10.1			8.7	%	9.8			7.6	%		21.9			9.2	%	17.4			7.0	%
	Asia Pacific	12.7			10.9	%	15.8			12.3	%		24.3			10.3	%	26.4			10.6	%
	Other (2)	6.4			5.5	%	6.4			5.0	%		10.6			4.5	%	12.4			5.0	%
		$	116.5				$	128.2					$	236.9				$	247.9

(1) Net sales are based on the geographic destination of sale.

(2) Other includes Canada, South America, Latin America and Africa.

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