Crane NXT Q1 Adj $0.85 Beats $0.84 Estimate, Sales $313.60M Beat $311.72M Estimate

5/8/24 4:12:41 PM ET

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Crane NXT (NYSE:CXT) reported quarterly earnings of $0.85 per share which beat the analyst consensus estimate of $0.84 by 1.19 percent. This is a 12.37 percent decrease over earnings of $0.97 per share from the same period last year. The company reported quarterly sales of $313.60 million which beat the analyst consensus estimate of $311.72 million by 0.60 percent. This is a 4.71 percent decrease over sales of $329.10 million the same period last year.

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Recent Analyst Ratings for
$CXT

Date	Price Target	Rating	Analyst
10/17/2024	$77.00	Outperform	Robert W. Baird
4/8/2024	$91.00	Outperform	Northland Capital
8/29/2023	$65.00	Neutral	UBS
6/13/2023	$70.00	Outperform	Oppenheimer

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Crane NXT, Co. Reports Third Quarter 2024 Results
Delivers sales growth of 14%; core sales growth increases 5% Narrows full year Adjusted EPS guidance to $4.22 to $4.30 WALTHAM, Mass., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Signed agreement to acquire De La Rue Authentication Solutions, with anticipated closing in the first half of 2025.Acquired the Smart Packaging assets of Tru Tag Technologies.GAAP earnings per diluted share (EPS) of $0.81, and Adjusted EPS of $1.16.Sales of $403 million, up 14.3% year-over-year, with 4.7% cor
11/6/24 4:05:00 PM ET
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Crane NXT Acquires Smart Packaging Assets of TruTag Technologies, Further Expanding Capabilities in Product Security and Authentication Technologies
WALTHAM, Mass., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced that it has completed the acquisition of the Smart Packaging assets of TruTag Technologies. TruTag provides secure digitization of physical products through proprietary secure marking and smartphone authentication. "The addition of this technology to Crane NXT's product portfolio is an exciting expansion of our capabilities and further enhances our ability to provide differentiated and innovative technology solutions to our customers," Aaron W. Saak, Crane NXT's President and Chief Executive Officer, said. "TruTag's Smart Pack
10/29/24 7:00:00 AM ET
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Crane NXT to Acquire De La Rue Authentication Solutions, a Global Leader in Security and Authentication Technologies
WALTHAM, Mass., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced it has signed a definitive agreement with De La Rue plc to acquire its authentication business for 300 million British pounds in cash, subject to customary adjustments. De La Rue Authentication Solutions is a global leader in security and authentication technologies. The acquisition complements the authentication and online brand protection solutions of OpSec and expands Crane NXT's portfolio to include security technologies for the identification documents and credentials market. Aaron W. Saak, Crane NXT's President
10/15/24 2:15:15 AM ET
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Crane NXT, Co. Reports Third Quarter 2024 Results
Delivers sales growth of 14%; core sales growth increases 5% Narrows full year Adjusted EPS guidance to $4.22 to $4.30 WALTHAM, Mass., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Signed agreement to acquire De La Rue Authentication Solutions, with anticipated closing in the first half of 2025.Acquired the Smart Packaging assets of Tru Tag Technologies.GAAP earnings per diluted share (EPS) of $0.81, and Adjusted EPS of $1.16.Sales of $403 million, up 14.3% year-over-year, with 4.7% cor
11/6/24 4:05:00 PM ET
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Crane NXT Acquires Smart Packaging Assets of TruTag Technologies, Further Expanding Capabilities in Product Security and Authentication Technologies
WALTHAM, Mass., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced that it has completed the acquisition of the Smart Packaging assets of TruTag Technologies. TruTag provides secure digitization of physical products through proprietary secure marking and smartphone authentication. "The addition of this technology to Crane NXT's product portfolio is an exciting expansion of our capabilities and further enhances our ability to provide differentiated and innovative technology solutions to our customers," Aaron W. Saak, Crane NXT's President and Chief Executive Officer, said. "TruTag's Smart Pack
10/29/24 7:00:00 AM ET
$CXT
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Crane NXT to Acquire De La Rue Authentication Solutions, a Global Leader in Security and Authentication Technologies
WALTHAM, Mass., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced it has signed a definitive agreement with De La Rue plc to acquire its authentication business for 300 million British pounds in cash, subject to customary adjustments. De La Rue Authentication Solutions is a global leader in security and authentication technologies. The acquisition complements the authentication and online brand protection solutions of OpSec and expands Crane NXT's portfolio to include security technologies for the identification documents and credentials market. Aaron W. Saak, Crane NXT's President
10/15/24 2:15:15 AM ET
$CXT
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Crane NXT, Co. Announces Appointment of Dr. Aleta Richards as President of Crane Currency
WALTHAM, Mass., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced it has appointed Dr. Aleta Richards as President of its Crane Currency business, effective October 14, 2024. In this role, Dr. Richards will partner with the Crane Currency leadership team to execute the growth strategy, accelerate innovation, and leverage the Crane Business System to drive continuous improvement as a leading integrated supplier of secure, well-designed banknotes, counterfeit resistant security technology and durable banknote paper. Dr. Richards will report directly to Sam Keayes, Senior Vice President, Securit
10/14/24 8:30:00 AM ET
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Crane NXT, Co. Announces Appointment of Michael Mahan as President of Crane Payment Innovations
WALTHAM, Mass., June 20, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced it has appointed Michael Mahan as President of its Crane Payment Innovations (CPI) business, effective July 8, 2024. In this role, Mr. Mahan will be responsible for driving the CPI growth strategy, accelerating innovation, and leveraging the Crane Business System to drive continuous improvement and operational excellence to deliver solutions that meet customers' needs now and into the future. Mr. Mahan will report directly to Aaron W. Saak, President and CEO, Crane NXT. Mr. Saak stated, "Michael brings a wealth of experience
6/20/24 4:05:00 PM ET
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Crane NXT Announces Appointment of Sandra Joyce to Board of Directors
WALTHAM, Mass., April 02, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced that its Board of Directors has appointed Sandra Joyce as a Director of Crane NXT. Ms. Joyce brings over two decades of experience in cybersecurity and national security working with both government entities and in the private sector to advise leaders and boards on global business threats. She is currently Vice President at Google Cloud and Head of Mandiant Intelligence at Google, where she leads Mandiant's Global Threat Intelligence Business. She joined Google with its acquisition of Mandiant (formerly FireEye, Inc.) in 2022
4/2/24 4:30:00 PM ET
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Crane NXT Q1 Adj $0.85 Beats $0.84 Estimate, Sales $313.60M Beat $311.72M Estimate

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Recent Analyst Ratings for $CXT

$CXT SEC Filings

SEC Form 10-Q filed by Crane NXT Co.

Crane NXT Co. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form 10-Q filed by Crane NXT Co.

$CXT Press Releases

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Crane NXT, Co. Reports Third Quarter 2024 Results

Crane NXT Acquires Smart Packaging Assets of TruTag Technologies, Further Expanding Capabilities in Product Security and Authentication Technologies

Crane NXT to Acquire De La Rue Authentication Solutions, a Global Leader in Security and Authentication Technologies

$CXT Insider Trading

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Senior Vice President Gallo Kurt F. sold $1,763,705 worth of shares (30,299 units at $58.21) and exercised 30,299 shares at a strike of $29.98 (SEC Form 4)

Senior Vice President Gallo Kurt F. exercised 2,620 shares at a strike of $29.50 and sold $151,984 worth of shares (2,620 units at $58.01) (SEC Form 4)

Senior Vice President Gallo Kurt F. exercised 7,455 shares at a strike of $21.95 and sold $430,004 worth of shares (7,455 units at $57.68) (SEC Form 4)

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Robert W. Baird initiated coverage on Crane NXT with a new price target

Northland Capital initiated coverage on Crane NXT with a new price target

UBS initiated coverage on Crane NXT with a new price target

Crane NXT, Co. Reports Third Quarter 2024 Results

Crane NXT Acquires Smart Packaging Assets of TruTag Technologies, Further Expanding Capabilities in Product Security and Authentication Technologies

Crane NXT to Acquire De La Rue Authentication Solutions, a Global Leader in Security and Authentication Technologies

Crane NXT, Co. Announces Appointment of Dr. Aleta Richards as President of Crane Currency

Crane NXT, Co. Announces Appointment of Michael Mahan as President of Crane Payment Innovations

Crane NXT Announces Appointment of Sandra Joyce to Board of Directors

SEC Form SC 13G filed by Crane NXT Co.

SEC Form SC 13G filed by Crane NXT Co.

Amendment: SEC Form SC 13G/A filed by Crane NXT Co.

$CXT Market Insights

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Crane NXT Sees FY24 EPS $4.10-$4.35 Vs $4.26 Est.; Raises Sales Growth Guidance To 5%-8% ( Previous -1% To 3%)