The chart below shows how CXT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CXT sees a -0.54% change in stock price 10 days leading up to the earnings, and a +1.26% change 10 days following the report. On the earnings day itself, the stock moves by +0.00%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Sales Surge Over 14%: Sales increased over 14% versus the prior year, reaching approximately $400 million.
Sales and Earnings Performance: Core sales growth was approximately 5% with adjusted EPS of $1.16.
Strategic Acquisitions for Growth: We announced two acquisitions that will drive future growth in the business and shareholder value.
Segment Operating Margin Analysis: Adjusted segment operating margin of approximately 27% reflects continued dilution from OpSec and an unfavorable product mix year-over-year.
Adjusted EPS Performance: We achieved adjusted EPS of $1.16, demonstrating strong financial performance.
Negative
Core Sales Growth and EPS: Excluding OpSec, core sales growth was approximately 5% with adjusted EPS of $1.16.
Segment Operating Margin Analysis: Adjusted segment operating margin of approximately 27% reflects continued dilution from OpSec and an unfavorable product mix year-over-year.
Cash Flow Conversion Impact: Adjusted free cash flow conversion was approximately 89% and was impacted by the timing of shipments, which skewed toward the end of the quarter and increased our working capital requirements at quarter end.
Core Sales Growth Report: CPI reported core sales growth of 1.5% in the third quarter, reflecting mid-single-digit growth across all end markets outside of gaming.
CPI Revenue Outlook: We expect CPI revenue for Q4 to be approximately flat year-over-year.
Crane NXT, Co. (CXT) Q3 2024 Earnings Call Transcript
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