NYSE$CXT
Crane NXT Co · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Crane NXT reported solid second quarter 2024 results with sales growth and narrowed its full-year Adjusted EPS guidance.
Crane NXT, Co. announced its second quarter 2024 financial results, reporting sales of $371 million, a 5.2% increase year-over-year, driven by the acquired OpSec Security business and core sales growth. The company achieved GAAP EPS of $0.72 and Adjusted EPS of $1.06, and narrowed its full-year Adjusted EPS guidance to $4.20 to $4.35.
- Second quarter sales increased by 5.2% year-over-year to $371 million.
- Adjusted EPS for the second quarter was $1.06.
- The company narrowed its full-year Adjusted EPS guidance to a range of $4.20 to $4.35.
- Record-high backlog levels were achieved in Crane Currency, and CPI core sales returned to growth.
Headline financials
Revenue & EPS history
Crane NXT · Revenue · Quarterly
$371M
Forward guidance
Crane NXT narrowed its full-year Adjusted EPS guidance to a range of $4.20 to $4.35, reflecting confidence in continued operational excellence and profitable growth.
Tailwinds
- Confidence in achieving full-year Adjusted EPS guidance.
- Focus on operational excellence to drive profitable growth.
- Commitment to long-term strategy.
- Plans to deploy capital to support organic growth initiatives.
- Pursuing opportunities to expand and diversify portfolio through disciplined, strategic M&A.
Headwinds
- Changes in global economic conditions (including inflationary pressures) and geopolitical risks.
- Fluctuations in demand for products and ability to source components.
- Information systems and technology network failures or data security breaches.
- Risks associated with conducting business outside the U.S.
- Challenges in successfully developing and introducing new products or integrating acquisitions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+0.1%
Avg return
Earnings day
-0.7%
Avg return
5 days after
-1.3%
Avg return
30 days after
46%
11 / 24 earnings
Positive
+7.0%
Q1 2025
Best reaction
-4.5%
Q3 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.9% | -6.6% | -20.8% | |
| Q4 2025 | +3.4% | +2.9% | -18.3% | |
| Q3 2025 | -4.4% | -4.5% | -9.5% | |
| Q1 2025 | +7.0% | +16.0% | +13.5% | |
| Q3 2024 | +0.6% | +0.2% | -0.3% | |
| Q2 2024 | +0.0% | -7.4% | +0.7% | |
| Q1 2024 | +0.0% | -6.8% | -1.8% | |
| Q4 2023 | +0.0% | -4.6% | +4.5% | |
| Q3 2023 | -0.7% | -5.8% | -6.8% | |
| Q3 2022 | +0.0% | -3.2% | -8.4% | |
| Q2 2023 | +1.4% | +6.4% | +2.2% | |
| Q1 2023 | +0.3% | +1.2% | +12.5% | |
| Q2 2022 | +0.8% | +1.8% | -5.2% | |
| Q1 2022 | +2.6% | -4.3% | -3.3% | |
| Q3 2021 | -1.1% | +0.3% | -6.6% | |
| Q2 2021 | -1.2% | -1.2% | -0.9% | |
| Q1 2021 | -0.8% | +1.1% | -3.5% | |
| Q3 2020 | -4.5% | +0.0% | +35.2% | |
| Q2 2020 | +0.4% | +0.9% | +2.1% | |
| Q1 2020 | +4.7% | -7.7% | +2.2% | |
| Q3 2019 | -0.5% | +4.3% | +7.2% | |
| Q2 2019 | +0.7% | -4.1% | -10.7% | |
| Q1 2019 | -3.0% | +1.2% | -10.9% | |
| Q3 2018 | +1.4% | +3.7% | -3.7% |
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