Crane NXT beats Q2 estimates; raises FY 2023 adjusted EPS to $3.85-$4.15

Crane NXT, Co.

2023-Q2 EPS reported $1.51 revenue$681,500,000

GAAP EPS $0.75, Adjusted EPS $1.12; core sales grew 6% YoY.
Adjusted operating profit margin 26.5%; Payment Innovations segment margin 31.1%.
Full-year adjusted EPS guidance raised to $3.85-$4.15 from $3.75-$4.05.
Declared Q3 dividend of $0.14 per share; repaid $50M debt in quarter.
Results reflect first quarter as independent company after April 3 separation from Crane Holdings.

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