Welcome to our dedicated page for Crane news (Ticker: CXT), a resource for investors and traders seeking the latest updates and insights on Crane stock.
Crane Company (CXT) delivers essential security and authentication solutions through its industrial technology expertise. This news hub provides investors and industry professionals with centralized access to official announcements and market developments.
Track critical updates including quarterly earnings reports, product innovation launches, strategic partnerships, and regulatory filings. Our curated collection ensures timely access to information impacting Crane's position in secure payment systems and advanced detection technologies.
Key content categories include financial performance disclosures, technology patent updates, supply chain initiatives, and leadership changes. All materials are sourced from verified corporate communications to maintain accuracy and compliance.
Bookmark this page for efficient monitoring of Crane's developments in micro-optics authentication and payment security solutions. Regular updates provide insights into how the company addresses evolving challenges in physical/digital asset protection across global markets.
Crane NXT (NYSE: CXT) has appointed Michael Mahan as the new President of Crane Payment Innovations (CPI), effective July 8, 2024. Mahan will drive CPI's growth strategy, innovation, and operational excellence. He brings extensive experience from leadership roles at Schneider Electric and GE, where he managed significant business units and drove sales growth. Mahan holds a B.S. in Mechanical Engineering from Worcester Polytechnic Institute and an MBA from the University of Connecticut. Concurrently, Kurt Gallo, the Senior VP and interim President of CPI, will retire in February 2025, assisting with the leadership transition.
Crane NXT, Co. reported its first-quarter financial results, including a core sales decline of 4.2% but exceeded expectations with GAAP EPS of $0.66 and Adjusted EPS of $0.85. The company acquired OpSec Security for $270 million, increasing its full-year 2024 sales guidance to 5% to 8%. The CEO emphasized progress in strategy execution, commitment to sales growth, and shareholder value creation.
Crane NXT has completed the acquisition of OpSec Security, forming a new Security and Authentication Technologies segment. This acquisition will enhance the company's capabilities in brand protection and authentication solutions. Sam Keayes has been appointed Senior Vice President of Security and Authentication Technologies, overseeing the newly formed segment.
