Crane NXT, Co. reported fourth quarter 2024 sales of $399.1 million, an increase of 11.8% year-over-year. This growth was driven by a $33.3 million sales benefit from the OpSec Security acquisition and $10.0 million in core sales growth, representing a 2.8% increase. Full year 2024 sales reached $1,486.8 million, up 6.9% from 2023, with core sales growth of 1.1%.
For the full year 2024, GAAP EPS was $3.19 and Adjusted EPS was $4.26, which was in line with the company's expectations. Adjusted segment operating margin for the full year was approximately 23.6%, a decrease of 120 basis points from the prior year. Cash provided by operating activities for 2024 was $214.1 million, and adjusted free cash flow was $186.4 million.
The company announced an increase in its quarterly dividend by 6% to $0.17 per share for the first quarter of 2025. Crane NXT also introduced its full-year 2025 guidance, including expected sales growth, adjusted segment operating margin, and adjusted EPS. Management noted a record-high backlog in Crane Currency during 2024 and progress with the OpSec integration.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.