Crane Nxt (CXT) FY2023 results: revenue $1.4 billion, up 3.8% on the year
Crane Nxt, Co. (CXT) reported revenue of $1.4 billion for fiscal 2023, the year ended 31 December 2023, up 3.8% on the year before. Net income was $188 million, down 8.1%, and diluted earnings per share $3.28. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2024.
Revenue
$1.4 billion
+3.8% on the year
FY2016FY2023
Operating margin
20.6%
22.5% a year earlier
FY2016FY2023
Net income
$188 million
-8.1% on the year
FY2016FY2023
Diluted EPS
$3.28
-9.1% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
276
306
277
-9.7%
Capital expenditure
31.1
21.3
18.6
+46.0%
Free cash flow
245
285
258
-13.9%
Free cash flow margin
17.6%
21.2%
19.2%
Cash from investing
-31.1
-21.3
-15.8
Cash from financing
-252
-135
-298
Depreciation and amortisation
77.6
78.7
81.8
-1.4%
Share-based compensation
10.3
9.3
8.6
+10.8%
Buybacks
n/a
204
96.3
Dividends paid
23.7
0.0
0.0
Dividend per share
$0.42
$1.88
$1.72
-77.7%
Diluted shares, weighted
58m
57m
57m
+1.4%
Shares outstanding at period end
57m
56m
58m
+1.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
964
784
764
+23.0%
Non-controlling interest
n/a
2.6
2.8
Short-term borrowings
n/a
n/a
0.0
Debt
645
1,243
842
-48.1%
Operating lease liabilities
42.6
29.0
79.3
+46.9%
Other liabilities
478
71.0
2,798
+573.1%
Total liabilities and equity
2,129
2,129
4,487
0.0%
Fixed assets
261
262
556
-0.2%
Goodwill
841
837
861
+0.5%
Intangible assets
309
345
388
-10.4%
Cash and equivalents
227
231
479
-1.5%
Receivables
215
205
483
+4.8%
Inventory
157
146
449
+7.9%
Other assets
119
105
1,271
+13.3%
Total assets
2,129
2,129
4,487
0.0%
10-K for the year ended 31 December 2023, filed 22 February 2024: the filing.