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 ...

Investors might want to bet on Crane NXT (CXT) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. The power of ...

CRANET SECOND QUARTER 2024 FINANCIAL RESULTS August 8, 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 simil ...

Company Overview - Crane NXT, Co. is a premier industrial technology company that provides trusted technology solutions for securing, detecting, and authenticating important assets for its customers [3] - 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 protecting brand identity [3] Employee and Operational Insights - Crane NXT employs approximately 4,500 individuals who assist customers in protecting their most important assets and ensuring secure transactions globally [3] Upcoming Financial Events - The company is scheduled to release its second quarter 2024 results on August 7, 2024, after the market closes [2] - An earnings call will take place on August 8, 2024, at 10:00 AM (Eastern Time), hosted by the President & CEO Aaron W. Saak and Senior Vice President & CFO Christina Cristiano [1]