secwatch.observer — SEC 8-K summary
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Issuer:     Crane NXT, Co. (CXT)
CIK:        0000025445
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001628280-24-021701
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25445/000162828024021701/0001628280-24-021701-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25445/000162828024021701/cxt-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-021701

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