Crane Stock Price, News & Analysis

Crane NXT (NYSE: CXT) reported Q1 2025 financial results and completed the acquisition of De La Rue Authentication for £300 million. Q1 sales reached $330.3 million, up 5.3% year-over-year, despite a 4.1% core sales decline. The company reported GAAP EPS of $0.38 and Adjusted EPS of $0.54. Operating profit was $37.3 million with an 11.3% margin, down from 17.7% last year. The company achieved a record International Currency backlog of $370 million with a 2.4 book-to-bill ratio. Following the De La Rue acquisition, Crane NXT increased its full-year 2025 sales growth guidance to 6-8% while maintaining EPS guidance of $4.00-$4.30. The company declared a quarterly dividend of $0.17 per share, payable on June 11, 2025.

Crane NXT (NYSE: CXT) has completed its acquisition of De La Rue Authentication Solutions, a global leader in security and authentication technologies. The acquisition will enhance Crane NXT's Security and Authentication Technologies segment by adding security solutions for government-issued identification documents. The company is creating a new business unit called "Crane Authentication" that combines OpSec and De La Rue Authentication Solutions. Management expects the acquisition to be accretive to Adjusted EPS in the first full year and achieve double-digit ROIC by year five. The company will provide updated full-year guidance during its Q1 2025 earnings release on May 7, 2025.

Crane NXT (NYSE: CXT), an industrial technology company, has scheduled its first quarter 2025 earnings release and call. The company will release its Q1 2025 financial results on Wednesday, May 7, 2025, after market close. A conference call to discuss the results will be held the following day, Thursday, May 8, 2025, at 10:00 a.m. Eastern Time. Investors can access both the earnings release and the webcast through the Investors section of the company's website at www.cranenxt.com. An archived version of the webcast will be available for later viewing on the website.

Crane NXT (NYSE: CXT) reported strong Q4 and full-year 2024 results, with annual sales growth of 6.9% reaching $1,486.8 million. The company achieved Q4 sales of $399.1 million, up 11.8% year-over-year, driven by the OpSec Security acquisition and core sales growth.

Full-year 2024 highlights include GAAP EPS of $3.19 and Adjusted EPS of $4.26. The company's operating profit margin was 18.1%, with adjusted operating profit margin at 23.6%. Crane NXT secured a £300 million term loan commitment for the De La Rue transaction and increased its quarterly dividend by 6% to $0.17 per share.

For 2025, the company provided guidance with Adjusted EPS of $4.00 to $4.30 and projected sales growth of 1% to 3%. The company ended 2024 with net leverage of ~1.5x and cash holdings of $165.8 million.

Crane NXT (NYSE: CXT), an industrial technology company, has announced the schedule for its fourth quarter and full year 2024 financial results. The company will release its earnings report on Wednesday, February 12, 2025, after market close. A conference call to discuss the results is scheduled for Thursday, February 13, 2025, at 10:00 a.m. Eastern Time. Both the earnings release and webcast will be accessible through the Investors section of Crane NXT's website. The webcast recording will be archived and available for later viewing on the company's website.

Crane NXT (NYSE: CXT), a premier industrial technology company, has announced its participation in the CJS Securities 25th Annual New Ideas for the New Year Conference. The company's leadership, including President and CEO Aaron Saak and Senior VP & CFO Christina Cristiano, will engage in a fireside chat on January 14, 2025, at 8:00 a.m. ET.

The conference will be held virtually, with a live webcast of the fireside chat accessible through Crane NXT's investor relations website. Interested parties will have access to a replay of the webcast for one year following the conference.

Crane NXT (NYSE: CXT) reported its Q3 2024 financial results, highlighting a 14.3% increase in sales to $403 million and a 4.7% core sales growth. The company achieved a GAAP EPS of $0.81 and an Adjusted EPS of $1.16. Operating profit margins were 18.6% GAAP and 23.9% Adjusted. Key acquisitions included De La Rue Authentication Solutions and Smart Packaging assets of Tru Tag Technologies. The company repaid $65 million of debt, reducing net leverage to 1.7X. For the full year 2024, Crane NXT narrowed its Adjusted EPS guidance to $4.22-$4.30 and expects sales growth of 6%-8%. Adjusted Free Cash Flow conversion is projected at 70%.

Segment-wise, Crane Payment Innovations saw a 1.5% rise in sales to $224.9 million with an Adjusted operating profit margin of 31.1%. Security and Authentication Technologies experienced a 36% sales increase to $178.6 million, though its Adjusted operating profit margin fell to 21.9%.

Cash provided by operating activities was $66.7 million, a 39.5% decrease from the previous year. The company declared a quarterly dividend of $0.16 per share, payable on December 11, 2024.

Crane NXT (NYSE: CXT) has acquired the Smart Packaging assets of TruTag Technologies, enhancing its product security and authentication capabilities. The technology enables secure digitization of physical products through proprietary marking and smartphone authentication, allowing for direct-to-product marking in consumer and industrial applications. The acquired technology will be integrated into Crane NXT's OpSec business, enabling brand owners to verify product integrity through smartphone-based authentication using machine learning. The transaction terms were not disclosed and will not materially impact Crane NXT in 2024.

Crane NXT (NYSE: CXT) has announced a definitive agreement to acquire De La Rue Authentication Solutions for 300 million British pounds in cash. This acquisition complements Crane NXT's existing authentication and online brand protection solutions, expanding its portfolio to include security technologies for identification documents and credentials. De La Rue Authentication Solutions is a global leader in digital and physical security and authentication technologies, serving governments and brands in nearly 80 countries.

Key points:

• De La Rue Authentication generated approximately $130 million in revenue in FY 2024
• Adjusted EBITDA margin of approximately 20%
• The acquisition is expected to close in the first half of 2025
• Crane NXT expects the acquisition to be accretive to Adjusted EPS in the first full year
• Double-digit ROIC anticipated by year five