Crane NXT Q2 sales rise 5.2% to $370.6 million; GAAP EPS falls to $0.72
Crane NXT reported second quarter 2024 sales of $370.6 million, up 5.2% from a year earlier, driven mainly by the acquired OpSec Security business. GAAP earnings per diluted share fell to $0.72 from $0.75, and Adjusted EPS fell to $1.06 from $1.12, while the company narrowed its full year Adjusted EPS guidance to $4.20 to $4.35 from $4.10 to $4.35.
Key points
- Q2 2024 net sales of $370.6 million, up $18.2 million or 5.2%; OpSec added $20.5 million (5.8%) and core sales grew 0.8%
- GAAP operating profit margin was 18.2%, down from 19.5%; Adjusted operating profit margin was 24.1%, down from 26.5%
- Full year Adjusted EPS guidance narrowed to $4.20 to $4.35 from $4.10 to $4.35
- Quarterly dividend of $0.16 per share declared, payable September 11, 2024 to holders of record as of August 30, 2024
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:39 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 07, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.