Crane NXT, Co. (CXT) released earnings for its fourth quarter that increased from last year in line with the Street estimates.
The company's earnings came in at $57.6 million, or $1.00 per share. This compares with $49.5 million, or $0.86 per share, last year.
Excluding items, Crane NXT, Co. reported adjusted earnings of $69.3 million or $1.20 per share for the period.
Analysts on average had expected the company to earn $1.20 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 11.8% to $399.1 million from $356.9 million last year.
Crane NXT, Co. earnings at a glance (GAAP) :
-Earnings: $57.6 Mln. vs. $49.5 Mln. last year.
-EPS: $1.00 vs. $0.86 last year.
-Revenue: $399.1 Mln vs. $356.9 Mln last year.
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