Earnings Call Summary | Crane NXT(CXT.US) Q2 2024 Earnings Conference
Earnings Call Summary | Crane NXT(CXT.US) Q2 2024 Earnings Conference
The following is a summary of the Crane NXT, Co. (CXT) Q2 2024 Earnings Call Transcript:
以下是Crane NXt公司（CXT）2024年Q2業績會通話記錄摘要：
Financial Performance:
金融業績：
Crane NXT reported Q2 sales of $371 million, up 5% year-over-year primarily due to the OpSec acquisition.
Adjusted segment operating margin was 27%, reflecting dilution from the OpSec acquisition and an unfavorable product mix year-over-year.
Adjusted free cash flow affected by higher CapEx related to US banknote redesign programs.
Adjusted EPS at $1.06 aligns with full year guidance, with adjusted EPS expectations narrowed to $4.20 to $4.35.
Net debt-to-EBITDA ratio approximately 1.8 times, leveraging well for future acquisitions.
Crane NXt報告Q2銷售額爲37100萬美元，同比增長5%，主要原因是OpSec收購。
調整後的業務板塊營業利潤率爲27%，反映出OpSec收購和產品結構同比不利。
由於美國紙幣重新設計項目的資本支出增加，調整後的自由現金流受到影響。
調整後的每股收益爲1.06美元，符合年度預期指導範圍，調整後的每股收益預期區間縮小爲4.20至4.35美元。
淨債務/息稅前利潤比約爲1.8倍，爲未來收購提供了充足的資金。
Business Progress:
業務進展：
Successful integration of OpSec into Crane NXT's operations, enhancing their market leadership in online and physical authentication technologies.
Crane Currency achieved record high backlog, leading to an increase in full-year core sales growth forecast for currency to 3%-5%.
Expanding share with existing customers, including issuing 11 new denominations adopting micro-optics technology.
Continued strong performance in gaming verticals, with inventories normalizing and new orders from OEM customers expected to continue.
Introduction of new leadership in CPI segment to drive growth and innovation.
成功融合OpSec到Crane NXT的運營中，增強了他們在在線和物理認證技術方面的市場領導地位。
Crane Currency的訂單積壓創歷史新高，導致貨幣全年核心銷售增長預期提高至3%-5%。
擴大與現有客戶的份額，包括髮行了11個採用微光學技術的新面額。
在遊戲垂直領域表現持續強勁，庫存逐漸正常化，預計將有來自OEm客戶的新訂單。
引入CPI業務板塊的新領導來推動增長和創新。
Opportunities:
機會：
Strong backlog in currency segments provides high visibility and confidence in currency core sales growth projections, influenced by positive customer responses and new multi-year orders.
Robust M&A pipeline set to diversify and expand Crane NXT's product offerings and market reach, taking advantage of a large $3 billion TAM in the security and authentication space.
Significant opportunities for margin expansion at OpSec by applying Crane's business system efficiencies in supply chain and manufacturing processes.
貨幣業務板塊的強勁訂單積壓，爲貨幣核心銷售增長預測提供了高度可見性和信心，受到積極客戶反饋和新的多年訂單的影響。
強大的併購管道將使Crane NXT的產品和市場範圍多樣化和擴展，利用安全和認證領域30億美元的龐大TAm。
通過應用Crane的業務體系效率來優化供應鏈和製造流程，OpSec有大量提升利潤率的機會。
Risks:
風險：
Provides no explicit risks detected.
沒有檢測出明確的風險。
More details: Crane NXT IR
更多細節：Crane NXt IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。