CXT News & Events

Reports Q1 revenue $388M, consensus $378.63M. Aaron Saak, Crane NXT's President and Chief Executive Officer, stated: "In the first quarter, we delivered on our value creation priorities, accelerating organic growth and building on our leadership positions. With the Antares Vision acquisition complete, our portfolio is increasingly integrated and aligned to growing markets with sustainable tailwinds. Our first quarter results continue to show progress in the evolution of Crane NXT, with approximately 6% organic sales growth and adjusted EPS of $0.60. We have meaningfully expanded our capabilities as a global leader in authentication and traceability technologies and are well positioned to deliver long-term value for shareholders."

The company is updating its initial full year guidance provided on February 11 to reflect the acquisition of Antares Vision. Crane NXT now sees sales growth of 15%-17%, up from a prior view of 4%-6%. Still sees adjusted EPS of $4.10-$4.40.