Core Viewpoint - Crane NXT reported quarterly earnings of $1.20 per share, matching the Zacks Consensus Estimate, and showing an increase from $0.99 per share a year ago [1] - The company posted revenues of $399.1 million for the quarter, missing the Zacks Consensus Estimate by 0.98%, but up from $356.9 million year-over-year [2] Group 1: Earnings Performance - Crane NXT's earnings of $1.20 per share were in line with expectations, with a previous quarter surprise of 2.65% when actual earnings were $1.16 against an expectation of $1.13 [1] - The company has surpassed consensus EPS estimates only once in the last four quarters [1] Group 2: Revenue Insights - The reported revenue of $399.1 million for the quarter was below the consensus estimate, but it represented a year-over-year increase of 11.5% from $356.9 million [2] - Crane NXT has exceeded consensus revenue estimates twice in the last four quarters [2] Group 3: Stock Performance and Outlook - Crane NXT shares have increased by approximately 2.4% since the beginning of the year, compared to a 3.2% gain in the S&P 500 [3] - The future performance of the stock will largely depend on management's commentary during the earnings call and the outlook for earnings estimates [3][4] Group 4: Earnings Estimates and Industry Context - The current consensus EPS estimate for the upcoming quarter is $0.85 on revenues of $333.47 million, and for the current fiscal year, it is $4.39 on revenues of $1.52 billion [7] - The Technology Services industry, to which Crane NXT belongs, is currently ranked in the top 33% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [8]

Core Insights - Crane NXT reported a full year sales growth of 7% and achieved a GAAP EPS of $3.19 and an Adjusted EPS of $4.26 for the year ended December 31, 2024 [1][4][18] - The company is on track to close the acquisition of De La Rue Authentication Solutions in the second quarter of 2025 [1][4] Fourth Quarter 2024 Highlights - Fourth quarter sales reached $399.1 million, an increase of $42.2 million or 11.8% year-over-year, driven by the OpSec Security acquisition and core sales growth [6][8] - GAAP operating profit was $70.8 million with an operating profit margin of 17.7%, while Adjusted operating profit margin was 23.7% [9][10] - GAAP EPS for the fourth quarter was $1.00, and Adjusted EPS was $1.20 [10][18] Full Year 2024 Highlights - Full year net sales were $1,486.8 million, a 6.9% increase compared to 2023, primarily due to the OpSec Security acquisition and core sales growth [15][16] - Operating profit for the full year was $268.8 million, with an operating profit margin of 18.1% [17] - Adjusted operating profit margin for the year was 23.6%, a decrease of 120 basis points from the previous year [17] Financial Position and Cash Flow - Cash provided by operating activities was $214.1 million in 2024, down from $276.3 million in 2023 [19] - The company ended the year with cash and cash equivalents of $165.8 million and total debt of $750.6 million [20] 2025 Guidance - Crane NXT introduced guidance for 2025, projecting Adjusted EPS between $4.00 and $4.30 and sales growth of 1% to 3% [21][23] - The company anticipates CPI sales growth of 0% to 2% and SAT sales growth of 3% to 5% [23] Dividend Announcement - The company declared a first quarter 2025 dividend of $0.17 per share, reflecting a 6% increase over the prior year [24]

Company Overview - Crane NXT, Co. is a premier industrial technology company focused on providing trusted technology solutions for securing, detecting, and authenticating important assets for its customers [2] - The company operates through two main business segments: Security & Authentication Technologies and Crane Payment Innovations, offering advanced technologies for securing high-value physical products and sophisticated detection systems [2] - Crane NXT employs approximately 4,500 individuals dedicated to helping customers protect their assets and ensure secure transactions globally [2] Upcoming Financial Events - Crane NXT is scheduled to release its fourth quarter and full year 2024 results on February 12, 2025, after the market closes [1][3] - An earnings call will take place on February 13, 2025, at 10:00 a.m. Eastern Time, with access available through the company's website [3]

Core Insights - Crane NXT, Co. will participate in a fireside chat at the CJS Securities 25 Annual New Ideas for the New Year Conference on January 14, 2025 [1] - The event will be held virtually, with a live webcast available on the company's investor relations website, and a replay will be accessible for one year [2] Company Overview - Crane NXT is an industrial technology company that offers technology solutions for securing, detecting, and authenticating important assets [3] - The company operates through two main business segments: Security & Authentication Technologies and Crane Payment Innovations, providing advanced technologies for securing high-value products and protecting brand identity [3] - Crane NXT employs approximately 4,500 individuals dedicated to ensuring secure transactions and protecting customer assets globally [3]

Financial Data and Key Metrics Changes - Sales increased over 14% year-over-year, reaching approximately $400 million, with core sales growth of approximately 5% excluding OpSec [10][21] - Adjusted EPS was reported at $1.16, with adjusted segment operating margin at approximately 27% [21][28] - Adjusted free cash flow conversion was approximately 89%, impacted by the timing of shipments [21][28] Business Line Data and Key Metrics Changes - CPI reported core sales growth of 1.5%, with mid-single-digit growth across all end markets outside of gaming [22] - Security and Authentication Technologies (SAT) sales grew 36%, including OpSec, with core sales up over 10% [24] - The backlog for SAT was up approximately 57% year-over-year, indicating strong demand [24] Market Data and Key Metrics Changes - The U.S. currency business is expected to see volume declines of approximately 18% year-over-year, with a mix skewed towards lower denominations [31][32] - International currency backlog remains strong, expected to sustain respectable growth for the SAT business [43] Company Strategy and Development Direction - The company is focused on expanding its portfolio through strategic acquisitions, including De La Rue Authentication Solutions and Tru Tag's Smart Packaging technology [10][14] - The strategy aims to build a resilient business aligned with secular tailwinds in the authentication market [19][77] - The company continues to explore additional M&A opportunities to diversify its business [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth prospects, particularly in the authentication market, despite short-term challenges in the gaming sector [19][30] - The company anticipates a flat revenue outlook for 2025, factoring in the contributions from OpSec but excluding De La Rue [86] - Management highlighted the importance of maintaining strong relationships with customers and adapting to market changes [80] Other Important Information - The company published its first ESG report, emphasizing its commitment to sustainability and governance [12] - The integration of OpSec is on track, with operational improvements already being realized [11] Q&A Session Summary Question: Discussion on CPI and gaming market outlook - Management noted that while CPI is performing as expected, order rates in gaming have not accelerated as anticipated, leading to a forecast adjustment for Q4 [40][42] Question: Currency business and mitigation strategies - Management acknowledged the expected decline in U.S. currency volumes but expressed confidence in strong international growth to offset this [43][44] Question: Breakdown of authentication end markets post-De La Rue acquisition - Management provided insights into the expected distribution of sales across government tax stamps, ID documents, and brand protection, highlighting the diversification benefits [53][54] Question: Growth strategy for product authentication - Management emphasized the potential for share-of-wallet expansion and new service offerings in brand protection and government tax stamps [75][77] Question: Impact of Tru Tag acquisition - Management indicated that Tru Tag's financial impact would be minimal initially but represents a growth driver for the authentication business [62] Question: Expectations for U.S. currency margins - Management projected that segment adjusted operating margins would remain stable, driven by productivity initiatives and OpSec synergies [59][60] Question: Normalization of U.S. currency business - Management confirmed expectations for a normalization in 2026, with potential upside depending on the timing of the new $10 bill release [49][90]

CRANET THIRD QUARTER 2024 FINANCIAL RESULTS November 7, 2024 FORWARD-LOOKING STATEMENTS – DISCLAIMER 2 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 the Company's intent, belief, or expectations. Words such as "anticipate(s)," "expect(s)," "intend(s)," "believe(s)," "plan(s)," "may," "will," "would," "could," "should," "seek(s)," and simi ...

Crane NXT (CXT) reported $403.5 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 14.3%. EPS of $1.16 for the same period compares to $1.09 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $386.75 million, representing a surprise of +4.33%. The company delivered an EPS surprise of +2.65%, with the consensus EPS estimate being $1.13.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...

Crane NXT (CXT) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $1.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.65%. A quarter ago, it was expected that this maker of engineered industrial products would post earnings of $1.06 per share when it actually produced earnings of $1.06, delivering no surprise.Over the last four quarter ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Crane NXT (CXT) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on November 6, 2024, might help the stock move higher if these key numbers are better than e ...

Crane NXT, Co. (NYSE:CXT) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Christina Cristiano - Chief Financial Officer Aaron Saak - President & Chief Executive Officer Conference Call Participants Matt Summerville - D.A. Davidson Bob Labick - CJS Securities Damian Karas - UBS Bobby Brooks - Northland Capital Markets Isaac Sellhausen - Oppenheimer Operator Good day, and thank you for standing by. Welcome to the Crane NXT Second Quarter 2024 Earnings Call. At this time, all p ...