Crane Holdings, Co. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
January 23, 2023 at 10:01 pm
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Crane Holdings, Co. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was USD 824.1 million compared to USD 825.2 million a year ago. Revenue was USD 824.1 million compared to USD 825.2 million a year ago. Net income was USD 106.7 million compared to USD 72.1 million a year ago. Diluted earnings per share from continuing operations was USD 1.87 compared to USD 1.22 a year ago.
For the full year, sales was USD 3,374.9 million compared to USD 3,408 million a year ago. Revenue was USD 3,374.9 million compared to USD 3,408 million a year ago. Net income was USD 410.6 million compared to USD 435.4 million a year ago. Diluted earnings per share from continuing operations was USD 7.18 compared to USD 7.36 a year ago.
Crane NXT, Co. is an industrial technology company that provides technology solutions to secure, detect, and authenticate what matters most to its customers. The Company operates through two segments: Crane Payment Innovations (CPI) and Security and Authentication Technologies. The CPI segment provides electronic equipment and associated software leveraging extensive and proprietary core capabilities with various detection and sensing technologies for applications, including verification and authentication of payment transactions. The Security and Authentication Technologies segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods and industrial products. The Security and Authentication Technologies segment also provides brand protection and authentication solutions. The Company operates in the United States, the United Kingdom, Mexico, Japan, Germany, Sweden, and Malta.
CRANE NXT, CO. 
