Crane NXT Sees FY24 EPS $4.10-$4.35 Vs $4.26 Est.; Raises Sales Growth Guidance To 5%-8% ( Previous -1% To 3%)
Author: Benzinga Newsdesk | May 08, 2024 04:36pm
Full Year 2024 Guidance
The Company is updating its initial full year guidance provided on February 14, 2024, for certain metrics to include the acquisition of OpSec Security. There is no change to the core sales growth guidance for Crane NXT's segments, CPI and Crane Currency, provided on February 14, 2024.
Full Year 2024 Guidance Details
(dollars in millions, except per share data)
Initial Guidance
Updated Guidance
Crane NXT Sales Growth*
-1% to +3%
+5% to +8%
Adjusted EPS
$4.10 to $4.35
$4.10 to $4.35
Adjusted Segment Operating Margin
27% to 29%
26% to 28%
Corporate Expense
~$53
~$53
Non-Operating Expense, Net
~$37
~$47
Adjusted Tax Rate
~21%
~21%
Adjusted Free Cash Flow Conversion
~100%
~100%
Diluted Shares
~57.6
~57.6
*Includes FX impact of 0% to 1%
Please see the Non-GAAP Financial Measures definitions in this release
