Crane NXT reports Q2 EPS $1.06, consensus $1.04

Reports Q2 revenue $371M, consensus $367.16M….Aaron W. Saak, Crane NXT’s President and Chief Executive Officer, stated: “In the second quarter, we delivered solid results across both our strategic platforms, reaching record-high backlog levels in Crane Currency and returning to growth in CPI core sales. We are already seeing the benefits from the addition of OpSec Security to our portfolio. The response from customers has been overwhelmingly positive and the integration is progressing well.” Mr. Saak continued: “Our second quarter results give us the confidence to narrow our full year Adjusted EPS guidance to a range of $4.20 to $4.35. As we look ahead, we remain focused on operational excellence and driving profitable growth to create shareholder value. We are committed to our long-term strategy and will continue to deploy capital to support organic growth initiatives while also pursuing opportunities to expand and diversify our portfolio through disciplined, strategic M&A.”