Crane NXT reports Q4 adjusted EPS $1.20, consensus $1.20

Reports Q4 revenue $399.1M, consensus $405.46M. Aaron Saak, Crane NXT’s (CXT) president, and CEO stated: “We delivered 2024 results in line with our expectations, with sales growth of approximately 7%, adjusted segment operating margin of approximately 27%, and adjusted EPS of $4.26. We reached a record-high backlog in Crane Currency during 2024, and in CPI we delivered mid-single-digit growth excluding gaming. We also significantly increased our leadership in the authentication market, with the OpSec integration progressing as expected and the acquisition of De La Rue Authentication Solutions on track to close in the second quarter.”