Overview
Crane NXT Q2 sales rise 9% yr/yr to $404 mln, missing analyst expectations
Adjusted EPS of $0.97 beats analyst expectations, per LSEG data
Co maintains full-year EPS guidance of $4.00 to $4.30
Outlook
Company maintains full-year EPS guidance of $4.00 to $4.30
Crane NXT expects 2025 sales growth of 6% to 8%
CPI sales expected to decline 2% to 0% in 2025
SAT sales growth projected at 19% to 21% for 2025
Result Drivers
ACQUISITIONS - Sales growth primarily driven by OpSec Security and De La Rue Authentication Solutions acquisitions, contributing $26.7 mln
FOREIGN EXCHANGE - Favorable foreign exchange impacts added $10.1 mln to sales
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$404 mln
$410.40 mln (7 Analysts)
Q2 Adjusted EPS
Beat
$0.97
$0.95 (6 Analysts)
Q2 EPS
$0.43
Q2 Adjusted Operating Income Margin
21.2%
Q2 Operating Income Margin
11.8%
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy"
Wall Street's median 12-month price target for Crane NXT Co is $81.00, about 29.2% above its August 5 closing price of $57.32
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago
Press Release: ID:nGNX7kKJn0
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)