---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-021701"
form_type: "8-K"
ticker: "CXT"
cik: "0000025445"
company_name: "Crane NXT, Co."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T14:10:03.193752+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-021701
- form_type: 8-K
- ticker: CXT
- cik: 0000025445
- company_name: Crane NXT, Co.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/25445/000162828024021701/0001628280-24-021701-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/25445/000162828024021701/cxt-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-021701
- JSON: https://secwatch.observer/filing/0001628280-24-021701.json
- Plain text: https://secwatch.observer/filing/0001628280-24-021701.txt

## Key facts
- Earnings Releases
  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
  source text: 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 $
  evidence_url: https://www.sec.gov/Archives/edgar/data/25445/000162828024021701/0001628280-24-021701-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.