Crane Nxt (CXT) FY2024 results: revenue $1.5 billion, up 6.9% on the year
Crane Nxt, Co. (CXT) reported revenue of $1.5 billion for fiscal 2024, the year ended 31 December 2024, up 6.9% on the year before. Net income was $184 million, down 2.2%, and diluted earnings per share $3.19. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.
Revenue
$1.5 billion
+6.9% on the year
FY2017FY2024
Operating margin
18.1%
20.6% a year earlier
FY2017FY2024
Net income
$184 million
-2.2% on the year
FY2017FY2024
Diluted EPS
$3.19
-2.7% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
214
276
306
-22.5%
Capital expenditure
45.4
31.1
21.3
+46.0%
Free cash flow
169
245
285
-31.2%
Free cash flow margin
11.3%
17.6%
21.2%
Cash from investing
-318
-31.1
-21.3
Cash from financing
62.1
-252
-135
Depreciation and amortisation
86.8
77.6
78.7
+11.9%
Share-based compensation
10.6
10.3
9.3
+2.9%
Buybacks
n/a
n/a
204
Dividends paid
36.6
23.7
0.0
+54.4%
Dividend per share
$0.64
$0.42
$1.88
+52.4%
Diluted shares, weighted
58m
58m
57m
+0.5%
Shares outstanding at period end
57m
57m
56m
+0.5%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,065
964
784
+10.5%
Non-controlling interest
0.0
n/a
2.6
Redeemable equity
0.0
n/a
n/a
Debt
751
645
1,243
+16.4%
Operating lease liabilities
52.7
42.6
29.0
+23.7%
Other liabilities
518
478
71.0
+8.5%
Total liabilities and equity
2,386
2,129
2,129
+12.1%
Fixed assets
272
261
262
+4.2%
Goodwill
957
841
837
+13.7%
Intangible assets
419
309
345
+35.7%
Cash and equivalents
166
227
231
-27.0%
Receivables
266
215
205
+23.7%
Inventory
145
157
146
-7.8%
Other assets
162
119
105
+36.1%
Total assets
2,386
2,129
2,129
+12.1%
10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.