Crane NXT(US:CXT) Globenewswire·2025-02-12 21:15Core 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]