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Crane NXT, Co. - CXT STOCK NEWS

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Crane NXT, Co. (NYSE: CXT) is a leading industrial technology company specializing in providing secure technology solutions. The company is a pioneer in advanced micro-optics technology used to secure physical products. Its sophisticated electronic equipment and software leverage proprietary detection and sensing technologies to meet the diverse needs of their global client base.

Headquartered in Waltham, Massachusetts, Crane NXT operates with a workforce of approximately 4,000 employees across the US, UK, Mexico, Japan, Switzerland, Germany, Sweden, and Malta. The company’s recent acquisition of OpSec Security has bolstered its portfolio, enhancing their digital and physical authentication and brand protection solutions.

Crane NXT’s core businesses include Crane Payment Innovations (CPI) and Crane Currency. Despite a slight decline in first-quarter 2024 sales, the company achieved $313.6 million in revenue. Although operating profit decreased compared to the previous year, the company continues to focus on adjusting sales strategies, improving operational efficiency, and exploring strategic mergers and acquisitions to drive future growth.

As part of its commitment to shareholders, Crane NXT declared a quarterly dividend of $0.16 per share for the second quarter of 2024. The CEO, Aaron W. Saak, emphasized the company’s goal to grow sales to $3 billion by 2028, reaffirming the company's long-term growth strategy.

For more detailed information about Crane NXT’s financial performance, recent developments, and future initiatives, visit their official website at www.cranenxt.com.

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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 NXT, Co. (NYSE: CXT) announced its financial results for Q3 2023. GAAP EPS was $0.90, and Adjusted EPS was $1.09. Third quarter core sales grew 4% year-over-year. The Company repaid $125 million of its term loan facility, reducing net leverage to 1.3x. The low end of the full-year Adjusted EPS guidance was raised to $4.00 to $4.15. Crane NXT declared a fourth quarter dividend of $0.14 per share.
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Crane NXT, Co. (NYSE: CXT) will participate in Baird’s Global Industrial Conference on November 8, 2023, in Chicago, IL. The President, CEO, and CFO will present at 9:40am Central Time. The live webcast and replay will be available on Crane NXT's investor relations website.
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Crane NXT, Co. announces schedule and teleconference information for Q3 2023 earnings release.
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Crane NXT, Co. to participate in D.A. Davidson's conference
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FAQ

What is the current stock price of Crane NXT, Co. (CXT)?

The current stock price of Crane NXT, Co. (CXT) is $56.86 as of November 20, 2024.

What is the market cap of Crane NXT, Co. (CXT)?

The market cap of Crane NXT, Co. (CXT) is approximately 3.2B.

What does Crane NXT, Co. specialize in?

Crane NXT, Co. specializes in providing advanced technology solutions to secure, detect, and authenticate products and assets. Their core capabilities include sophisticated detection and sensing technologies.

Where is Crane NXT, Co. headquartered?

Crane NXT, Co. is headquartered in Waltham, Massachusetts, USA.

How many employees does Crane NXT, Co. have?

Crane NXT, Co. has approximately 4,000 employees worldwide.

What was Crane NXT, Co.'s revenue for the first quarter of 2024?

Crane NXT, Co. reported a revenue of $313.6 million for the first quarter of 2024.

What recent acquisition did Crane NXT, Co. make?

Crane NXT, Co. recently acquired OpSec Security to enhance its digital and physical authentication and brand protection solutions portfolio.

What is Crane NXT, Co.'s goal for sales by 2028?

Crane NXT, Co. aims to grow its sales to $3 billion by 2028.

What are Crane NXT, Co.'s main business segments?

Crane NXT, Co.'s main business segments are Crane Payment Innovations (CPI) and Crane Currency.

What was the operating profit for the first quarter of 2024?

The operating profit for the first quarter of 2024 was $55.4 million.

Does Crane NXT, Co. pay dividends?

Yes, Crane NXT, Co. declared a quarterly dividend of $0.16 per share for the second quarter of 2024.

Where can I find more information about Crane NXT, Co.?

More information about Crane NXT, Co. can be found on their official website at www.cranenxt.com.

Crane NXT, Co.

NYSE:CXT

CXT Rankings

CXT Stock Data

3.23B
48.73M
14.73%
85.72%
6.31%
Specialty Industrial Machinery
Miscellaneous Fabricated Metal Products
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United States of America
WALTHAM