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Stock impact report

Crane NXT, Co. Reports First Quarter Results [Yahoo! Finance]

Crane Holdings, Co. (CR) 
Last crane holdings, co. earnings: 4/27 05:01 pm Check Earnings Report
US:NYSE Investor Relations: ir.craneco.com
Company Research Source: Yahoo! Finance
WALTHAM, Mass., May 08, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE: CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced its financial results for the first quarter ended March 31, 2024. Recent Highlights Crane NXT completed the acquisition of OpSec Security (OpSec) on May 3, 2024 for $270 million in cash. First quarter core sales declined 4.2% year-over-year, in line with the Company's expectations resulting in GAAP earnings per diluted share (EPS) of $0.66, and Adjusted EPS of $0.85. The Company is increasing its full year 2024 sales guidance to 5% to 8% with the completion of the OpSec acquisition. Please see the "Full Year 2024 Guidance" section in this press release for more details. Aaron W. Saak, Crane NXT's President and Chief Executive Officer, stated: "In the first quarter, we made meaningful progress advancing our strategy and executing on our plan to grow sales to $3 billion by 2028. With the acquisition of OpSec Secur Show less Read more
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