Crane NXT Full Year 2024 Earnings: EPS Misses Expectations

Crane NXT (NYSE:CXT) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.49b (up 6.9% from FY 2023).
• Net income: US$184.1m (down 2.2% from FY 2023).
• Profit margin: 12% (down from 14% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$3.22 (down from US$3.32 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Crane NXT EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.5%.

The primary driver behind last 12 months revenue was the Crane Payment Innovations segment contributing a total revenue of US$873.2m (59% of total revenue). Explore how CXT's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are down 9.8% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Crane NXT that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.