Crane NXT Q1 sales down 4.7% YoY; acquires OpSec Security for $270M, raises sales guidance

Crane NXT, Co.

2024-Q1 EPS reported $0.66 revenue$313,600,000

GAAP EPS $0.66, Adjusted EPS $0.85; net sales $313.6M, down 4.7% YoY.
Completed OpSec Security acquisition on May 3 for $270M cash; brand protection portfolio.
Core sales declined 4.2% YoY, in line with expectations.
Full year 2024 sales guidance raised to 5%-8% growth; Adjusted EPS guidance reaffirmed.
Adjusted operating profit margin 22.7% vs 23.3% YoY.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Crane NXT, Co. reported first quarter ended March 31, 2024 results: revenue $ 313.6, EPS $0.66 per diluted share. Guidance raised.

Period: first quarter ended March 31, 2024
Revenue: $ 313.6
EPS: $0.66 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

our portfolio through disciplined, strategic M&A." 1 Summary of First Quarter 2024 Results Three Months Ended March 31, Change (dollars in millions) 2024 2023 $ % Net sales $ 313.6 $ 329.1 $ (15.5) (4.7) % Core sales $ (13.9) (4.2) % Foreign exchange $ (1.6) (0.5) % Operating profit $ 55.4 $ 65.9 $ (10.5) (15.9) % Adjusted operating profit* $ 71.1 $ 76.8 $

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Source: SEC EDGAR

accession 0001628280-24-021701

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