Crane NXT, which includes the former payment and merchandising technologies business of
Highlights include:
- Net sales increased 7% from
$334 million in Q2 2022 to$352.4 million for the quarter endingJune 30, 2023 , driven by 4% core sales growth, partially offset by a slight impact from unfavorable foreign exchange. -
Net income fell from
$48.8 million to$43.2 million in the comparable quarters. -
EPS per diluted share fell from
86 cents to75 cents . -
Adjusted EPS was
$1.12 . -
Crane Payment Innovations sales rose from
$211.4 million to$225.9 million . -
Crane Currency sales rose from
$122.6 million to$126.5 million . -
The company declared a third quarter dividend of
14 cents per share payable onSept. 13, 2023 to shareholders of record as ofAug. 31, 2023 .
Shares traded today at
The quarterly revenue of
"We delivered very strong second quarter results, our first quarter as a newly independent company,"
The company revised its full year 2023 adjusted EPS guidance range from
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