Crane NXT, Co. Reports Third Quarter 2024 Results
Crane NXT, Co. (CXT)
Company Research
Source: GlobeNewswire
Delivers sales growth of 14%; core sales growth increases 5% Narrows full year Adjusted EPS guidance to $4.22 to $4.30 WALTHAM, Mass., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE: CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Signed agreement to acquire De La Rue Authentication Solutions, with anticipated closing in the first half of 2025.Acquired the Smart Packaging assets of Tru Tag Technologies.GAAP earnings per diluted share (EPS) of $0.81, and Adjusted EPS of $1.16.Sales of $403 million, up 14.3% year-over-year, with 4.7% core sales growth.GAAP operating profit margin of 18.6%, and Adjusted operating profit margin of 23.9%.Repaid approximately $65 million of outstanding debt. Full Year 2024 Outlook Narrowing full year sales growth guidance to 6% to 8% and full year Adjusted EPS guidance to $4.22 to $4.30.Updating fu
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CXT
News
- Crane NXT Acquires Smart Packaging Assets of TruTag Technologies, Further Expanding Capabilities in Product Security and Authentication TechnologiesGlobeNewswire
- Crane NXT, Co. (NYSE: CXT) was upgraded by analysts at Baird R W to a "strong-buy" rating.MarketBeat
- Crane NXT, Co. (NYSE: CXT) is now covered by analysts at Robert W. Baird. They set an "outperform" rating and a $77.00 price target on the stock.MarketBeat
- Crane NXT to Acquire De La Rue Authentication Solutions, a Global Leader in Security and Authentication Technologies GlobeNewswire
- Crane NXT, Co. Announces Appointment of Dr. Aleta Richards as President of Crane Currency GlobeNewswire
CXT
Earnings
- 11/6/24 - Beat
CXT
Sec Filings
- 11/12/24 - Form SC
- 10/31/24 - Form 10-Q
- 10/28/24 - Form 8-K
- CXT's page on the SEC website