Crane Nxt, Co. ( (CXT) ) has released its Q4 earnings. Here is a breakdown of the information Crane Nxt, Co. presented to its investors.
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Crane NXT, Co. is a premier industrial technology company specializing in security, detection, and authentication solutions, operating through its two main segments: Security & Authentication Technologies and Crane Payment Innovations. The company recently released its earnings report for the fourth quarter and full year of 2024, highlighting a full-year sales growth of 7% and an adjusted EPS of $4.26, along with a 6% dividend increase. A significant focus for Crane NXT has been its strategic acquisitions, including OpSec Security and TruTag Smart Packaging, with the De La Rue Authentication acquisition expected to close in 2025. The company reported a fourth-quarter sales increase of 11.8%, driven primarily by acquisitions and core sales growth, although operating profit margins faced challenges due to restructuring and product mix impacts. Looking forward, Crane NXT is committed to leveraging its strong pipeline of M&A opportunities and disciplined capital allocation to continue its growth trajectory and deliver long-term value for shareholders.
