CRANE Q2 2024 Earnings Release Call Forward-Looking Statements – Disclaimer This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical statements of fact and those regarding our intent, belief, or expectations, including, but not limited to: benefits and synergies of the separation transaction; strategic and competitive advantages of Crane; future financing plans and opportunities; and bus ...

Core Viewpoint - Crane NXT (NYSE:CXT) is positioned as a significant player in the payments industry, with a focus on growth despite recent financial performance challenges [2][12] Financial Performance Overview - In 2023, Crane NXT reported revenue of $1.39 billion, a slight increase from $1.34 billion in 2022, driven by growth in both operating segments [3] - The revenue for Crane Payment Innovations in 2023 was $886.4 million, up 1.4% from $874.3 million, primarily due to higher product pricing [4] - Crane Currency's revenue increased by 8.4% from $465.6 million to $504.9 million, attributed to higher international sales [4] - Net income for 2023 decreased from $204.9 million to $188.3 million, despite an increase in operating margin for Crane Payment Innovations from 24.8% to 27.4% [4] - In Q1 2024, revenue fell to $313.6 million from $329.1 million in Q1 2023, with Crane Payment Innovations experiencing the largest decline [5] Management Outlook - Management forecasts revenue growth of 5% to 8% for 2024, with expected earnings per share between $4.10 and $4.35, indicating a slight increase in adjusted net income compared to 2023 [6] - The company aims to grow into a total addressable market of approximately $20 billion, with projected annual revenue of around $3 billion by 2028 [9] Valuation and Comparables - Crane NXT's price-to-earnings ratio is 14.1, which is lower than some comparable firms, suggesting potential value despite recent performance declines [8] - The company completed its first acquisition of OpSec Security for $270 million, expected to contribute $130 million in annual revenue [11] Future Projections - By 2028, Crane NXT is projected to generate around $508 million in net income and $587 million in adjusted operating cash flow, with an EBITDA of approximately $825 million [10] - Analysts anticipate Q2 2024 sales of $367.1 million, an increase from $352.4 million in Q2 2023, with earnings per share expected to rise from $0.75 to $0.95 [11]

Crane (CR) came out with quarterly earnings of $1.30 per share, beating the Zacks Consensus Estimate of $1.24 per share. This compares to earnings of $1.10 per share a year ago. These figures are adjusted for non-recurring items. Crane, which belongs to the Zacks Manufacturing - General Industrial industry, posted revenues of $581.2 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.47%. This compares to year-ago revenues of $509.6 million. The company has topped consensus ...

The market expects Crane (CR) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of bus ...

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Crane (CR) currently holding a Momentum Style Score of A [2] - Style Scores complement the Zacks Rank system, which has a strong track record of outperforming the market [3] Group 2: Crane (CR) Performance Metrics - Crane's shares have increased by 2.94% over the past week, while the Zacks Manufacturing - General Industrial industry has risen by 5.23% during the same period [5] - Over the last quarter, Crane's shares have gained 13.56%, and over the past year, they have increased by 60.03%, compared to the S&P 500's gains of 10% and 27.2%, respectively [10] - Crane's average 20-day trading volume is 219,445 shares, indicating a bullish sign when combined with rising stock prices [6] Group 3: Earnings Estimates and Revisions - In the past two months, two earnings estimates for Crane have moved higher, resulting in an increase of the consensus estimate from $4.95 to $4.99 [11] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions during the same period [11] - These positive revisions contribute to Crane's classification as a 2 (Buy) stock with a Momentum Score of A [12]

Crane Company (CR) shares rallied 3.1% in the last trading session to close at $146.31. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.7% loss over the past four weeks. This maker of aerospace, electronics and engineered industrial products is expected to post quarterly earnings of $1.24 per share in its upcoming report, which represents a year-over-year change of +12.7%. Revenues are expected to be $572.6 ...

I'm not sure I could have asked for much more than what Crane (NYSE:CR) has done since it announced it was splitting Crane and Crane NXT (NXT). Not only did I like that decision, I've really liked management's pivot toward growth opportunities in Process Flow (or PF), it's new M&A program, and I feel like the messaging to the Street has been on point, not to mention the execution. The market has noticed, sending the shares over 60% higher since my last update, handily beating the broader industrial sector a ...

Crane NXT Contact: Investor Relations ContactUs@cranenxt.com www.cranenxt.com 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 d ...

U.S. stock markets have maintained their northward journey in 2024 after an astonishing rally in 2023. The bull run has gained further thrust as major stock indexes have posted multiple all-time highs on both intraday and closing basis so far this year. Year to date, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — have advanced 2.8%, 14.8% and 20.9%. However, the major driver of last year's and this year's rally was globally booming artificial intelligence (AI), especially ge ...

Investors with an interest in Manufacturing - General Industrial stocks have likely encountered both Chart Industries (GTLS) and Crane (CR) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets companies w ...