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 th ...

Shares of Crane NXT (CXT) have gained 2.8% over the past four weeks to close the last trading session at $63.22, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $87 indicates a potential upside of 37.6%. The mean estimate comprises five short-term price targets with a standard deviation of $18.11. While the lowest estimate of $65 indicates a 2.8% increase from the current price ...

Crane NXT (CXT) closed the last trading session at $61.52, gaining 0.1% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $87 indicates a 41.4% upside potential. The mean estimate comprises five short-term price targets with a standard deviation of $18.11. While the lowest estimate of $65 indicates a 5.7% increase from the current price level, the most optimistic analyst expects the ...

Crane NXT, Co. (NYSE:CXT) Q1 2024 Earnings Conference Call May 9, 2024 10:00 AM ET Company Participants Conference Call Participants Operator I would now like to hand the conference over to your speaker today, Rima Hyder, Vice President of Investor Relations. Thank you, operator, and good morning, everyone. I want to welcome all of you to the first quarter 2024 earnings call for Crane NXT. Before we begin, the slides we will reference during this presentation can be accessed via the Investor Relations secti ...

CRANET FORWARD-LOOKING STATEMENTS – DISCLAIMER Risks and uncertainties that could cause actual results to differ materially from the Company's expectations include, but are not limited to: changes in global economic conditions (including inflationary pressures) and geopolitical risks, including macroeconomic fluctuations; demand for its products, which is variable and subject to factors beyond its control; fluctuation in the prices of, or disruption in its ability to source, components and raw materials, an ...

Creates New Security and Authentication Technologies Segment, Consisting of Crane Currency and OpSec Security Sam Keayes Appointed Senior Vice President, Security and Authentication Technologies WALTHAM, Mass. and LONDON, May 07, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE:CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced that it has completed its acquisition of OpSec Security ("OpSec"), a global leader in brand protection and authentication solutions. Aaron W. ...

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 Hea ...

WALTHAM, Mass.--(BUSINESS WIRE)--Crane NXT, Co. (NYSE: CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced it has appointed Hans Lidforss as Senior Vice President of Strategy. In this new role, Mr. Lidforss will be responsible for advancing the Company’s strategy and creating new avenues for growth, including identifying and executing opportunities for M&A, growth ventures, and partnerships. Mr. Lidforss will report directly to Aaron W. Saak, President and CEO, Cran ...

Crane NXT, Co. (NYSE:CXT) Q4 2023 Earnings Conference Call February 15, 2024 10:00 AM ET Rima Hyder A hallmark of our company is our strong free cash flow. We ended the year with adjusted free cash flow conversion of over 100%, allowing us to further pay down our debt and giving us confidence as we move forward with an increase to our dividend by 14% for 2024. As we discussed last quarter, this decline was driven by softness in new orders, primarily in our gaming end market, where customers continue to draw ...

FOURTH QUARTER & FULL YEAR 2023 FINANCIAL RESULTS February 15, 2024 2 Risks and uncertainties that could cause actual results to differ materially from the Company's expectations include, but are not limited to: changes in global economic conditions (including inflationary pressures) and geopolitical risks, including macroeconomic fluctuations; demand for its products, which is variable and subject to factors beyond its control; fluctuation in the prices of, or disruption in its ability to source, component ...