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Segmental Information
 3 Months Ended
Mar. 30, 2025
Segment Reporting [Abstract]  
Segmental Information Segmental Information
We classify our operations into business segments, based primarily on shared economic characteristics for the nature of the products and services; the nature of the production processes; the type or class of customer for their products and services; the methods used to distribute their products or provide their services; and the nature of the regulatory environment. The Company has five identified business units, which aggregate into three reportable segments within continuing operations, and one within discontinued operations. Luxfer Gas Cylinders forms the Gas Cylinders segment, Luxfer MEL Technologies and Luxfer Magtech aggregate into the Elektron segment and Luxfer Graphic Arts forms the Graphic Arts segment. Our Superform business unit used to aggregate into the Gas Cylinders segment but is now recognized within discontinued operations. A summary of the operations of the segments within continuing operations is provided below:
Gas Cylinders segment
Our Gas Cylinders segment manufactures and markets specialized highly-engineered cylinders, using composites and aluminum alloys, including pressurized cylinders for use in various applications including self-contained breathing apparatus ('SCBA') for firefighters, containment of oxygen and other medical gases for healthcare, alternative fuel vehicles, and specialty industrial applications.
Elektron segment                                                Our Elektron segment focuses on specialty materials based primarily on magnesium and zirconium, with key product lines including advanced lightweight magnesium alloys with a variety of uses across a variety of industries; magnesium powders for use in countermeasure flares, as well as heater meals; and high-performance zirconium-based materials and oxides used as catalysts and in the manufacture of advances ceramics, fiber-optic fuel cells, and many other performance products.
Graphic Arts segment
Our Graphic Arts segment provides a full range of pre-sensitized magnesium, copper and zinc plates, along with associated chemicals, for the production of foil-stamping and embossing dies. In addition, non-sensitized polished brass and magnesium plates are also manufactured for computer numerical control ('CNC') engraving. The segment also advises on turnkey engraving operations, complete with etching machines, computer-to-plate ('CtP') machines, exposure units and film setters.
Other
Other, as used below, primarily represents unallocated corporate expense and includes non-service related defined benefit pension credit.
Management monitors the operating results of its reportable segments separately for the purpose of making decisions about resource allocation and performance assessment. Segment performance is evaluated by the chief operating decision maker "CODM", the CEO, who is responsible for allocating resources and assessing performance of the operating segments, using net sales and adjusted EBITA, which is defined as the Company's measure of segment profit or loss, and is based on income before tax from continuing operations, adjusted for share-based compensation charges; restructuring charges; impairment charges; other charges; acquisitions and disposals costs; gain on disposal of assets held for sale; defined benefit credit/charge and amortization.
Unallocated assets and liabilities include those which are held on behalf of the Company and cannot be allocated to a segment, such as taxation, investments, cash, retirement benefits obligations, bank and other loans and holding company assets and liabilities.
15.    Segmental Information (continued)
Financial information by reportable segment for the Quarters ended March 30, 2025, and March 31, 2024, is included in the following summary:
First Quarter 2025
In millionsGas CylindersElektronGraphic ArtsTotal
Net sales$41.1 $49.4 $6.5 $97.0 
Manufacturing fixed costs(7.5)(7.2)(1.9)(16.6)
Other cost of sales(1)
(28.0)(27.5)(3.5)(59.0)
Other segment items(2)
(3.8)(7.4)(1.4)(12.6)
Segment adjusted EBITA$1.8 $7.3 $(0.3)8.8
Amortization(0.2)
Share-based compensation charges(0.9)
Restructuring charges(0.1)
Defined benefit pension credit0.6 
Interest expense, net(0.8)
Income before tax from continuing operations$7.4 
First Quarter 2024
In millionsGas CylindersElektronGraphic ArtsTotal
Net sales$45.4 $37.7 $6.3 $89.4 
Manufacturing fixed costs(7.6)(6.8)(2.1)(16.5)
Other cost of sales(1)
(30.1)(20.1)(4.3)(54.5)
Other segment items(2)
(4.4)(5.8)(1.6)(11.8)
Segment adjusted EBITA$3.3 $5.0 $(1.7)6.6
Amortization(0.2)
Share-based compensation charges(0.6)
Restructuring charges(0.7)
Acquisition and disposal costs(0.2)
Defined benefit pension credit0.3 
Interest expense, net(1.4)
Income before tax from continuing operations$3.8 
During the first three months of 2025 there were $0.1 million sales made between our Elektron segment and Graphic Arts segment (2024: $0.3 million)
(1) Other cost of sales includes material costs and variable costs.
(2) Other segment items primarily consists of sales, marketing, research and development, general and admin costs.
15.    Segmental Information (continued)


Depreciation and amortizationRestructuring charges
First QuarterFirst Quarter
In millions2025202420252024
Gas Cylinders segment$0.8 $0.8 $0.1 $0.5 
Elektron segment1.6 1.6 — 0.2 
Graphic Arts segment— — — — 
Consolidated$2.4 $2.4 $0.1 $0.7 

Total assetsCapital expenditures
March 30,December 31,First Quarter
In millions2025202420252024
Gas Cylinders segment$126.2 $122.5 $0.3 $0.8 
Elektron segment170.3 173.1 1.0 0.7 
Graphic Arts segment16.0 14.8 0.1 — 
Total reportable segments312.5 310.4 1.4 1.5 
Other64.4 64.3 — — 
Discontinued operations8.3 7.7 — — 
Consolidated$385.2 $382.4 $1.4 $1.5 

Property, plant and equipment, net
March 30,December 31,
In millions20252024
U.S.$26.2 $26.7 
United Kingdom33.7 33.0 
Canada2.7 2.8 
Asia Pacific0.3 0.3 
$62.9 $62.8 

The following tables present certain geographic information by geographic region for the First Quarter ended March 30, 2025, and March 31, 2024:
Net Sales(1)
First Quarter
20252024
$MPercent$MPercent
United States$61.8 63.7 %$53.2 59.6 %
Germany5.9 6.1 %5.4 6.0 %
U.K.5.7 5.9 %4.3 4.8 %
Canada3.0 3.1 %4.0 4.5 %
Japan5.2 5.4 %3.7 4.1 %
Top five countries$81.6 84.2 %$70.6 79.0 %
Rest of Europe9.9 10.2 %12.1 13.5 %
Asia Pacific3.9 4.0 %3.6 4.0 %
Other (2)
1.6 1.6 %3.1 3.5 %
$97.0 $89.4 
(1) Net sales are based on the geographic destination of sale.
(2) Other includes South America, Latin America the Middle East and Africa.