Crane NXT, Co. (CXT) Tops Q3 EPS by 8c, raises guidance

Crane NXT, Co. (NYSE: CXT) reported Q3 EPS of $1.09, $0.08 better than the analyst estimate of $1.01. Revenue for the quarter came in at $352.9 million versus the consensus estimate of $353.24 million.

Full Year 2023 Guidance

The Company is revising its Adjusted EPS guidance range to $4.00 to $4.15, from the prior range of $3.85 to $4.15. Additionally, non-operating expense to ~$45 million from ~$50 million to reflect lower interest costs.

Other key assumptions for the Company\'s guidance remain unchanged from prior quarter and include:

Core sales growth of +3% to +5%.
Adjusted segment margin of 27%+.
Corporate costs of ~$50 million.
Adjusted tax rate of ~20%.
Diluted shares of ~57.3 million.

For earnings history and earnings-related data on Crane NXT, Co. (CXT) click here.

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