Highest-materiality recent filing
Crane NXT Q1: organic sales +6%, closes Antares Vision acquisition, maintains FY EPS guide
Sales $387.7M, up 17% YoY; organic sales +6%; GAAP EPS $0.11, adjusted EPS $0.60.
Crane NXT Q4 sales +19.5%, raises dividend 6%, guides FY26 adj EPS $4.10-$4.40
Q4 net sales $476.9M (+19.5% YoY); core sales +4.8%; GAAP EPS $0.83; adj EPS $1.27.
Revenue $445M, +10% YoY; core sales +1%; GAAP EPS $0.87, Adj EPS $1.28; Adj op margin 24.7%.
Crane NXT to acquire Antares Vision for ~€120M stake, total EV ~€445M; expects H1 2026 close
Acquires ~30% stake in Antares Vision from Regolo and Sargas at €5.00/share for ~€120M.
Crane NXT Q2 sales +9% to $404M, adj EPS $0.97 vs $0.43 GAAP; FY guidance maintained $4.00-$4.30
Net sales $404.4M, up 9.1% YoY; core sales down 0.8%, acquisitions add 7.2%.
Crane NXT Q1 sales up 5% to $330M, completes De La Rue Authentication acquisition for £300M
Q1 GAAP EPS $0.38, adjusted EPS $0.54; net sales $330.3M up 5.3% YoY.
Q4 net sales $399.1M (+11.8% YoY), core sales +2.8%; GAAP EPS $1.00, Adjusted EPS $1.20.
Crane NXT secures $200M revolver and £300M term loan to fund De La Rue authentication buy
Second Amendment increases revolving commitments by $200M to $700M total.
Crane NXT Q3 sales up 14%, adjusted EPS $1.16; narrows FY2024 guidance to $4.22-$4.30
GAAP EPS $0.81, adjusted EPS $1.16; sales $403.5M (+14.3% YoY), core sales +4.7%.
Crane NXT Q2 EPS $0.72 ($1.06 adj), sales $371M +5.2%; narrows FY adj EPS guidance to $4.20-$4.35
GAAP EPS $0.72, Adjusted EPS $1.06; sales $371M (+5.2% YoY) with 0.8% core sales growth.
Crane NXT Q1 sales down 4.7% YoY; acquires OpSec Security for $270M, raises sales guidance
GAAP EPS $0.66, Adjusted EPS $0.85; net sales $313.6M, down 4.7% YoY.
Crane NXT Q4 EPS $0.86, FY EPS $3.28; raises dividend 14%
Full year GAAP EPS $3.28, adjusted EPS $4.16; core sales grew 4.3% YoY.
Crane NXT Q3 adj EPS $1.09, core sales up 4%; raises FY guidance low end to $4.00
GAAP EPS $0.90, Adjusted EPS $1.09; core sales grew 4% YoY to $352.9M.
Crane NXT beats Q2 estimates; raises FY 2023 adjusted EPS to $3.85-$4.15
GAAP EPS $0.75, Adjusted EPS $1.12; core sales grew 6% YoY.
Crane NXT Q1 GAAP EPS $0.76, Adjusted EPS $0.97; raises FY guidance to $3.75-$4.05
GAAP diluted EPS $0.76, Adjusted EPS $0.97; core sales +3%, backlog +34%.
Crane NXT completes spin-off of Crane Company, draws $350M term loan, new CEO
Spin-off effective April 3, 2023; Crane NXT distributed 1 share of Crane Company common stock for each Crane NXT share held on March 23 record date.
Crane Company: $500M revolver and $300M term loan; expected net debt $100-150M (<0.5x EBITDA).
Crane Holdings sets spin-off record date March 23, distribution April 3; to rename as Crane NXT, Co.
Record date for spin-off: 5:00 p.m. ET on March 23, 2023; effective distribution date: April 3, 2023 at 5:00 p.m.
Crane Holdings appoints Christina Cristiano as CFO of Crane NXT ahead of April 3 separation
Christina Cristiano, 50, appointed SVP and CFO of Crane NXT, effective upon separation.
SEC declared effective Amendment No. 1 to Form 10 for the spin-off of Crane Company.
1:1 distribution of Crane Company shares; record date March 23, 2023.
Q4 GAAP operating margin 15.7% (+440bps YoY); adjusted operating margin record 18.6% vs 12.0% last year.
GAAP net loss $1.06 per share includes $2.89/sh after-tax loss on August asbestos divestiture; GAAP EPS guidance lowered to $6.58-$6.72.
Crane names Aaron Saak CEO of Crane NXT; spin-off on track for early April 2023
Aaron Saak appointed President and CEO of Crane NXT, the Payment & Merchandising Technologies business to be spun off.
Crane divests asbestos liabilities to Spruce Lake; records $170M after-tax loss
Sold Redco subsidiary holding all asbestos liabilities and about $550M cash to Spruce Lake on Aug 12, 2022.
Crane Holdings Q2 adj EPS $1.90, core sales +7%; reaffirms FY adj EPS $7.45-$7.85
GAAP EPS $4.93 vs $2.33 YoY; includes $3.58/share gain on sale of Crane Supply.
Crane terminates Engineered Materials sale, completes Crane Supply, raises FY22 guidance
Crane Supply divestiture closed May 31 for CAD 380M cash-free, debt-free basis.
Crane Co. Q1 adjusted EPS $1.81 (+15% YoY); signs deal to divest Crane Supply for CAD 380M
GAAP EPS $1.64 vs $1.75 prior year; record adjusted EPS $1.81, up 15% YoY.
Crane Co. to separate into two public companies via tax-free spin-off; Crane NXT (CXT) created
Crane Co. (Aerospace & Electronics, Process Flow) retains CR ticker; expected ~$1.9B sales, ~18.5% EBITDA margin.
Reorganization via merger of Crane Co. into newly formed subsidiary; Crane Co. becomes wholly owned by Crane Holdings.
Crane Co. reports record 2021 adjusted EPS of $6.55, provides 2022 guidance of $7.00-$7.40
GAAP EPS from continuing operations $6.66 in 2021 vs $2.77 in 2020; adjusted EPS $6.55, up 87% YoY.
Jennifer Kartono, Senior Vice President and Chief Human Resources Officer of Crane NXT, Co. (the “Company”), will depart from her position with the Company, effective March 1, 2025
it has appointed Michael Mahan as President of its Crane Payment Innovations (CPI) business, effective July 8, 2024.
Kurt Gallo, Senior Vice President and interim President of CPI, informed the Company of his decision to retire from the Company. His retirement will be effective February 28, 2025
On April 2, 2024, the Board of Directors (the “Board”) of Crane NXT, Co. (the “Company”) appointed Sandra Joyce to serve as a director of the Board, effective immediately
On March 27, 2024, Max Mitchell, the Company’s former Chief Executive Officer and a current director of the Board, notified the Board that he will not stand for reelection at the Company’s 2024 Annual Meeting of Stockholders
On July 25, 2023, the Board of Directors (the "Board") of Crane NXT, Co. (the "Company") appointed David D. Petratis to serve as a Director, effective immediately, for a term expiring at the Company's 2024 Annual Meeting of Stockholders and until his successor is duly elected and qualified.
each of Martin R. Benante, Ronald C. Lindsay, Charles G. McClure, Jr. and Jennifer M. Pollino resigned from his or her position as a director
each of Martin R. Benante, Ronald C. Lindsay, Charles G. McClure, Jr. and Jennifer M. Pollino resigned from his or her position as a director
each of Martin R. Benante, Ronald C. Lindsay, Charles G. McClure, Jr. and Jennifer M. Pollino resigned from his or her position as a director
each of Aaron W. Saak, William Grogan and Cristen Kogl was appointed to serve as an additional director on the Crane NXT Board
each of Aaron W. Saak, William Grogan and Cristen Kogl was appointed to serve as an additional director on the Crane NXT Board
each of Martin R. Benante, Ronald C. Lindsay, Charles G. McClure, Jr. and Jennifer M. Pollino resigned from his or her position as a director
Max materiality 0.90 · Median 0.70 · Most common event earnings