Crane NXT's earnings dropped in Q4 2024 due to higher expenses, which decreased the company's profit margin from 15% in Q3 2023 to 12% in Q4 20241. This decline in margin was primarily driven by increased expenses, although the company's revenue remained strong, with a 14% increase from Q3 2023 to $403.5 million12. The decrease in cash and cash equivalents and the increase in total debt also reflect the financing associated with the May 3, 2024, OpSec Security acquisition3.