NYSE$CXT
Crane NXT Co · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Crane NXT reported a 14.3% increase in sales for the third quarter of 2024, reaching $403.5 million, driven by core sales growth and the acquisition of OpSec Security.
Crane NXT, a premier industrial technology company, announced strong third-quarter 2024 financial results, with sales increasing by 14.3% to $403.5 million and core sales growth of 4.7%. The company reported GAAP EPS of $0.81 and Adjusted EPS of $1.16, while also narrowing its full-year Adjusted EPS guidance to $4.22 to $4.30. Strategic acquisitions and debt repayment efforts were also highlighted.
- Sales increased by 14.3% to $403.5 million in Q3 2024, with core sales growth of 4.7%.
- GAAP earnings per diluted share (EPS) were $0.81, and Adjusted EPS reached $1.16.
- The company signed an agreement to acquire De La Rue Authentication Solutions and acquired Smart Packaging assets of Tru Tag Technologies.
- Approximately $65 million of outstanding debt was repaid, reducing net leverage to approximately 1.7X.
Headline financials
Revenue & EPS history
Crane NXT · Revenue · Quarterly
$404M
Forward guidance
Crane NXT updated its full-year 2024 guidance, narrowing sales growth and Adjusted EPS ranges, and updating Adjusted Free Cash Flow conversion.
Tailwinds
- Full year sales growth guidance narrowed to +6% to +8% (previously +5% to +8%).
- Full year Adjusted EPS guidance narrowed to $4.22 to $4.30 (previously $4.10 to $4.35).
- Adjusted Segment Operating Margin guidance maintained at 26% to 28%.
- Corporate Expense guidance maintained at ~$53 million.
- Non-Operating Expense, Net guidance maintained at ~$47 million.
Headwinds
- Adjusted Free Cash Flow conversion guidance updated to ~70% (previously ~100%).
- No specific negative updates on other financial metrics were provided in the guidance.
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 Q3 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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