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NEW YORK - Crane NXT , Co. (NYSE:CXT) reported fourth quarter earnings that slightly beat expectations, but revenue fell short of analyst estimates and the company’s 2025 guidance came in below consensus, sending shares down 4.1% in after-hours trading.
The industrial technology company posted adjusted earnings per share of $1.20 for Q4, edging past the analyst estimate of $1.19. However, revenue of $399 million missed the consensus forecast of $405.62 million.
For the full year 2025, Crane NXT expects adjusted EPS between $4.00 and $4.30, below the $4.39 analysts were projecting. The midpoint of the guidance range implies earnings growth could slow compared to 2024’s adjusted EPS of $4.26.
"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," said CEO Aaron W. Saak.
Fourth quarter sales increased 11.8% YoY to $399.1 million, driven by 9.3% growth from acquisitions and 2.8% core sales growth. The Crane Payment Innovations segment saw revenue dip slightly to $214.9 million, while Security and Authentication Technologies sales jumped 29.9% to $184.2 million.
Adjusted operating profit margin expanded 30 basis points to 23.7% in Q4. For the full year 2024, adjusted operating margin contracted 120 basis points to 23.6%.
The company ended 2024 with a net leverage ratio of approximately 1.5x. Crane NXT declared a Q1 2025 dividend of $0.17 per share, up 6% from the prior year.
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