Crane NXT Co
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
CXT$58.52-1.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated and Combined Condensed Statements of Operations
ITEM 1: FINANCIAL STATEMENTS
CONSOLIDATED AND COMBINED CONDENSED STATEMENTS OF OPERATIONS
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| (in millions, except per share data) | 2024 | 2023 |
| Net sales | $313.6 | $329.1 |
| Operating costs and expenses: | ||
| Cost of sales | 161.2 | 174.4 |
| Selling, general and administrative | 94.3 | 88.8 |
| Restructuring charges, net | 2.7 | — |
| Operating profit | 55.4 | 65.9 |
| Other income (expense): | ||
| Interest income | 0.6 | 0.2 |
| Interest expense | (9.9) | (10.4) |
| Related party interest expense | — | (2.5) |
| Miscellaneous income, net | 0.6 | 1.4 |
| Total other expense, net | (8.7) | (11.3) |
| Income before income taxes | 46.7 | 54.6 |
| Provision for income taxes | 8.9 | 10.9 |
| Net income attributable to common shareholders | $37.8 | $43.7 |
| Earnings per share: | ||
| Basic | $0.66 | $0.77 |
| Diluted | $0.66 | $0.77 |
| Average shares outstanding: | ||
| Basic | 57.0 | 56.7 |
| Diluted | 57.7 | 56.7 |
| Dividends per share | $0.16 | n/a |
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