earnings
confidence high
sentiment positive
materiality 0.75
Crane NXT Q3 sales up 14%, adjusted EPS $1.16; narrows FY2024 guidance to $4.22-$4.30
Crane NXT, Co.
2024-Q3 EPS reported
$2.19
revenue$1,087,700,000
- GAAP EPS $0.81, adjusted EPS $1.16; sales $403.5M (+14.3% YoY), core sales +4.7%.
- Signed agreement to acquire De La Rue Authentication Solutions; closed acquisition of Tru Tag Technologies smart packaging assets.
- GAAP operating margin 18.6%, adjusted 23.9%; repaid ~$65M debt, net leverage ~1.7x.
- Narrowed full-year sales growth guidance to 6%-8%; adjusted EPS guidance narrowed to $4.22-$4.30.