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Crane NXT Reports Second Quarter 2025 Results
Globenewswire· 2025-08-06 20:05
Core Insights - Crane NXT reported a sales growth of approximately 9% for the second quarter of 2025, with net sales reaching $404.4 million compared to $370.6 million in the same period of 2024 [4][5][7] - The company maintained its full-year earnings per share (EPS) guidance in the range of $4.00 to $4.30 [7][13] Financial Performance - The adjusted operating profit margin for the second quarter was approximately 21.2%, down from 24.1% in the previous year [6][10] - Operating profit decreased to $47.9 million, a decline of 29.1% from $67.6 million in the second quarter of 2024 [6][7] - The company experienced a core sales decline of 0.8%, primarily due to lower volumes in CPI [5][7] Segment Performance - Crane Payment Innovations segment reported net sales of $211.4 million, a decrease of 5.8% year-over-year, primarily driven by lower volumes [9] - Security and Authentication Technologies segment saw a significant increase in net sales to $193.0 million, up 32.0% year-over-year, largely due to acquisitions and core sales growth in international markets [10] Cash Flow and Financial Metrics - Cash provided by operating activities was $62.8 million, an increase from $56.8 million in the prior year [11] - The company held cash and cash equivalents of $152.5 million as of June 30, 2025, down from $165.8 million at the end of 2024 [12] Order Backlog - The total order backlog as of June 30, 2025, was $591.6 million, an increase from $547.8 million in the previous quarter [35]
Crane NXT to Participate in the Oppenheimer 28th Annual Technology, Internet & Communications Conference
Globenewswire· 2025-08-04 20:05
Core Insights - Crane NXT, Co. is participating in a fireside chat at the Oppenheimer 28th Annual Technology, Internet & Communications Conference on August 11, 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 a premier industrial technology company that offers trusted 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 physical products and protecting brand identity [3] - Crane NXT employs approximately 5,000 individuals dedicated to ensuring secure transactions and protecting customer assets globally [3]
Crane NXT Announces Dates for Second Quarter 2025 Earnings Release and Earnings Call
Globenewswire· 2025-07-09 20:01
Company Overview - Crane NXT, Co. is a premier industrial technology company that offers 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, providing advanced technologies for securing high-value physical products and sophisticated detection systems [2] - Crane NXT employs approximately 5,000 individuals dedicated to helping customers protect their assets and ensure secure transactions globally [2] Earnings Announcement - Crane NXT has scheduled its second quarter 2025 earnings release for August 6, 2025, after the market closes [3] - The earnings call will take place on August 7, 2025, at 10:00 a.m. Eastern Time, with access available through the Investors section of the company's website [3]