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Crane - CXT STOCK NEWS

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.

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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.

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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.

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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.

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Crane NXT, Co. announces the dates for its first quarter 2024 earnings release and earnings call. The earnings release is scheduled for May 8, 2024, after the close of the market, with the earnings call on May 9, 2024, at 10:00 AM (Eastern Time). The call will be hosted by Aaron W. Saak, President & CEO, and Christina Cristiano, Senior Vice President & CFO. Interested parties can listen to a live webcast and participate in the Q&A session by pre-registering on the company's website.
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Crane NXT appoints Sandra Joyce, a cybersecurity expert, to its Board of Directors, as Max H. Mitchell steps down. Ms. Joyce brings extensive experience in cybersecurity and national security from Google Cloud and Mandiant Intelligence.
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Crane NXT acquires OpSec Security for $270 million, expanding its capabilities in brand protection and authentication solutions. The transaction is expected to deliver double-digit ROIC by year five, driving growth and sustainable value creation.
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Crane NXT appoints Hans Lidforss as Senior Vice President of Strategy to drive growth and M&A opportunities, aiming to reach $3 billion in revenues by 2028.
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Crane NXT (CXT) reported strong financial results for Q4 and full year 2023, with core sales growth of 4% and 4.3% respectively. Adjusted EPS exceeded guidance at $4.16 for 2023. The company repaid $245 million of its term loan facility, reducing net leverage to 1.1x. Full year 2024 guidance includes Adjusted EPS of $4.10 to $4.35.
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Crane NXT, Co. (NYSE: CXT) has announced the schedule for its fourth quarter and full year 2023 results, with the earnings release set for February 14, 2024, and the earnings call scheduled for February 15, 2024. The call will be hosted by President & CEO Aaron W. Saak and Senior Vice President & CFO Christina Cristiano. Investors can access the call and accompanying slide presentation via the investor relations section of the company’s website or by dialing the provided phone numbers.
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Crane NXT, Co. (NYSE: CXT) will participate in the CJS Securities 24th Annual “New Ideas for the New Year” Conference on January 10, 2024. Aaron Saak, President and CEO, and Christina Cristiano, SVP and CFO, will present at 1:35pm ET. The live webcast and replay will be available on Crane NXT’s investor relations website.
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Crane

NYSE:CXT

CXT Rankings

CXT Stock Data

2.56B
48.87M
14.68%
101.59%
8.06%
Specialty Industrial Machinery
Miscellaneous Fabricated Metal Products
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United States
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