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Crane NXT (CXT)
NYSE:CXT
Holding CXT?
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Earnings Data
Report Date
Jan 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.2Last Year’s EPS
$0.99Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -0.76%
|Next Earnings Date:Jan 27, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed sentiment. While there were notable achievements in sales growth, successful M&A activity, and a strong backlog in the Security and Authentication Technologies segment, there were significant challenges in the gaming revenue, U.S. currency volume, and cash flow conversion that balanced the positive aspects.Company Guidance
In the Q3 2024 earnings call for Crane NXT, the company provided updated guidance for the year, highlighting a sales growth range of 6% to 8% and adjusted EPS guidance of $4.22 to $4.30. The company noted that sales in the third quarter increased by approximately 14% year-over-year, with core sales growth of 5% excluding the OpSec acquisition, and achieved an adjusted EPS of $1.16. The adjusted segment operating margin was reported at approximately 27%, and adjusted free cash flow conversion was approximately 89%, impacted by shipment timings. The company also highlighted that net leverage was reduced to approximately 1.7x after repaying $65 million of outstanding debt. For 2025, Crane NXT expects total company revenue to be approximately flat, accounting for expected declines in U.S. currency volumes due to Federal Reserve orders, balanced by strong international currency growth and full-year contributions from recent acquisitions.Strong Sales Growth
Sales increased over 14% versus the prior year, reaching approximately $400 million. Core sales growth, excluding OpSec, was approximately 5%.
Successful M&A Activity
Announced acquisitions of De La Rue Authentication Solutions and Tru Tag's Smart Packaging technology, expanding the portfolio of market-leading technologies.
OpSec Integration on Track
Integration of OpSec into the business is proceeding as planned, with operational improvements in manufacturing and back-office processes.
ESG Report Published
Published the first ESG report highlighting commitment to philanthropy, sustainability, and good governance.
Strong Backlog in Security and Authentication Technologies
Backlog up approximately 57% year-over-year, with currency shipments up over 40%.
Debt Reduction
Repaid approximately $65 million of outstanding debt, ending with net leverage of approximately 1.7x.
Positive Response to New Acquisitions
Positive customer response to the expanded portfolio of authentication technologies.
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CXT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CXT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $56.87 | $56.77 | -0.18% |
| Aug 07, 2024 | $54.00 | $56.20 | +4.07% |
| May 08, 2024 | $61.50 | $60.14 | -2.21% |
| Feb 14, 2024 | $59.44 | $58.14 | -2.19% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Crane NXT (CXT) report earnings?
Crane NXT (CXT) is schdueled to report earning on Jan 27, 2025, TBA Not Confirmed.
What is Crane NXT (CXT) earnings time?
Crane NXT (CXT) earnings time is at Jan 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CXT EPS forecast?
CXT EPS forecast for the fiscal quarter 2024 (Q4) is $1.2.
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