Earnings summaries and quarterly performance for Crane NXT.
Executive leadership at Crane NXT.
Board of directors at Crane NXT.
Research analysts who have asked questions during Crane NXT earnings calls.
BL
Bob Labick
CJS Securities
4 questions for CXT
Also covers: ACVA, BCPC, BV +10 more
DK
Damian Karas
UBS
4 questions for CXT
Also covers: ALH, AOS, CGNX +14 more
MS
Matt Summerville
D.A. Davidson & Co.
4 questions for CXT
Also covers: ALTG, AME, AOS +17 more
Isaac Sellhausen
Oppenheimer & Co. Inc.
3 questions for CXT
Also covers: ALSN, ATSG, CCSI +9 more
MH
Michael Halloran
Baird
3 questions for CXT
Also covers: AOS, DOV, FELE +19 more
BB
Bobby Brooks
Northland Capital Markets
2 questions for CXT
Also covers: ATMU, CECO, EE +11 more
RB
Robert Brooks
Northland Capital Markets
2 questions for CXT
Also covers: ATMU, BELFA, CECO +10 more
MH
Mike Halloran
Robert W. Baird & Co. Incorporated
1 question for CXT
Also covers: ALH, AOS, FELE +10 more
Recent press releases and 8-K filings for CXT.
Crane NXT (CXT) Details Business Strategy and Antares Vision Acquisition Progress
CXT
M&A
New Projects/Investments
- Crane NXT (CXT), launched in April 2023 from Crane Holdings, Co., operates as a premier industrial technology company providing solutions to secure, detect, and authenticate valuable assets.
- The company demonstrates broad geographic diversity with ~60% of sales from the Americas and a resilient customer base, with ~65% of customers having a tenure exceeding 20 years.
- Crane NXT is actively diversifying its portfolio through M&A, with the acquisition of Antares Vision currently under regulatory review and on-track to close in 2026.
- Antares Vision, a global leader in detection, inspection, and track & trace technologies, reported 2024 revenue of approximately €200 million and an adjusted EBITDA margin of about 15%.
4 days ago
Crane NXT Provides 2025 Financial Outlook and Strategic Updates at Investor Conference
CXT
Guidance Update
M&A
Revenue Acceleration/Inflection
- Crane NXT expects to close 2025 with approximately $1.6 billion of sales, approximately 50% as recurring revenue, and mid-20% adjusted segment operating margins.
- The company announced the acquisition of Antares Vision, which will bring approximately EUR 200 million of revenue (based on 2024 financials) and about 15% EBITDA margin, with full consolidation expected in early 2026.
- The international currency business experienced strong performance in 2025 with a record backlog extending into 2027, but anticipates short-term margin compression in 2026 due to capacity investments and working with partners. Long-term, it is expected to be a mid-single digit grower with improving margins.
- The Authentication segment is projected to exit 2026 at near 20% operating margin, with a long-term target in the mid-20s%. Crane Payment Innovations (CPI) is expected to be a flat to low single-digit core growth business with 29% to 30% operating margins and strong free cash flow.
- Crane NXT plans to continue its programmatic M&A strategy, targeting one to two deals a year, with the next larger acquisition potentially in early 2027, while maintaining leverage below three.
4 days ago
Crane NXT Provides 2025 Financial Outlook and Strategic Updates at CJS Securities Conference
CXT
Guidance Update
M&A
New Projects/Investments
- Crane NXT expects to close out 2025 with approximately $1.6 billion of sales, about 50% recurring revenue, and adjusted segment operating margins in the mid-20% range.
- The company announced the acquisition of Antares Vision, which brings approximately EUR 200 million of revenue (based on 2024 financials) and 15% EBITDA margin, with full consolidation expected in early 2026.
- The international currency business saw strong performance in 2025 with a record high backlog extending into 2027. Capacity investments and partnerships will lead to short-term margin compression in 2026, but are expected to secure long-term contracts and drive mid-single digit growth.
- The U.S. currency business is projected for high single-digit growth in 2026 due to the new $10 program redesign. The Crane Payment Innovations (CPI) segment is expected to deliver flat to low single-digit core growth with operating margins between 29% and 30% and over 100% free cash flow conversion.
4 days ago
Crane NXT Reports Strong Q3 2025 Results, Raises Full-Year Sales Guidance, and Announces Antares Vision Acquisition
CXT
Earnings
Guidance Update
M&A
- Crane NXT reported Q3 2025 sales of approximately $445 million, a 10% year-over-year increase, and adjusted EPS of $1.28. The company achieved a free cash flow conversion of approximately 115% in the quarter.
- The company raised its full-year 2025 sales growth guidance to 9%-11% (from a previous range of 6%-8%) and narrowed its adjusted EPS guidance to $4-$4.10.
- CXT announced the acquisition of Antares Vision, a global leader in detection, inspection, and track and trace technologies, with an initial acquisition of an approximate 30% stake. This acquisition is expected to reduce the portfolio's focus on cash-related products to approximately 60%, down from 80% at the time of separation.
- The international currency business continues to exceed expectations with new customer wins and a near-record high backlog. The US Currency business is projected to grow in the high single digits in 2026, driven by increased demand for higher denomination banknotes and the upcoming launch of the new $10 bill.
- The CPI segment's Q3 2025 sales declined approximately 4% year-over-year to $216 million , primarily due to headwinds in vending, though gaming showed strong double-digit growth. The company expects flat to low single-digit growth for CPI in 2026.
Nov 6, 2025, 3:00 PM
CXT Reports Q3 2025 Results and Updates Full-Year Guidance
CXT
Earnings
Guidance Update
M&A
- CXT reported Q3 2025 sales growth of ~10% and Adjusted EPS of $1.28, with ~115% Adjusted Free Cash Flow conversion.
- The company narrowed its full-year 2025 Adjusted EPS guidance to $4.00 to $4.10 and increased its Crane NXT Sales Growth guidance to +9% to +11%.
- CXT signed an agreement to acquire Antares Vision, a global leader in detection, inspection, and track & trace technologies, with the transaction expected to close in 1H 2026.
- The company is increasing production in International Currency to meet strong customer demand, booking orders into 2027, and expects ~HSD growth in its US Currency business in 2026 with the launch of new currency series on-track.
Nov 6, 2025, 3:00 PM
Crane NXT Reports Q3 2025 Results, Updates Full-Year Guidance, and Announces Acquisition
CXT
Earnings
Guidance Update
M&A
- Crane NXT reported third quarter 2025 sales of $445.1 million, an increase of 10% year-over-year, with Adjusted EPS of $1.28.
- The company updated its full-year 2025 guidance, increasing sales growth to a range of 9% to 11% and narrowing Adjusted EPS guidance to $4.00 to $4.10.
- Definitive agreements were signed to acquire Antares Vision, with the overall transaction anticipated to close in the first half of 2026.
- A quarterly dividend of $0.17 per share for the fourth quarter of 2025 was declared, payable on December 10, 2025.
Nov 5, 2025, 9:24 PM
Crane NXT Discusses Antares Vision Acquisition, Authentication Growth, and Currency Outlook
CXT
M&A
Product Launch
Guidance Update
- Crane NXT recently announced the acquisition of Antares Vision S.p.A., a market leader in life sciences and food and beverage inspection, detection, and track and trace technology, which adds approximately $2 billion to its total addressable market. This acquisition is expected to bring Crane NXT's leverage to 2.9 times at closing.
- The Crane Authentication business, formed by combining OpSec and De La Rue Authentication Solutions, is a roughly $260 million annual run rate revenue business. It is currently an approximately 15% EBITDA business, with a target to approach 20% EBITDA by the end of 2026 through synergy actions.
- In its U.S. government currency business, Crane NXT experienced a 40% year-over-year revenue reduction in Q1 2025 due to a planned shutdown for equipment upgrades. The new $10 bill is expected to be in full production by mid-2026.
- The international currency business has an all-time high backlog of over $400 million and is on track to win 10 to 15 new denominations in 2025. The company expects to be above 160 denominations by the end of 2025 out of a total market of approximately 1000.
- Crane NXT plans to use its strong free cash flow to deleverage, expecting to be in the low twos by the end of 2026 and below 2 times by 2027, assuming no further acquisitions.
Sep 18, 2025, 6:50 PM
Crane NXT to Acquire Antares Vision
CXT
M&A
New Projects/Investments
- Crane NXT, Co. (CXT) announced on September 12, 2025, its definitive agreement to acquire Antares Vision S.p.A., a global leader in inspection, detection, and track & trace technologies, with the intent to take the company private.
- The transaction involves an initial acquisition of an approximate 30% stake at €5.00 per share for about €120 million, followed by a mandatory tender offer for the remaining shares at the same price. The total enterprise value for 100% of Antares Vision's equity capital and current net debt is approximately €445 million.
- Antares Vision generated approximately €200 million in revenue in the fiscal year ended December 31, 2024, with an adjusted EBITDA margin of approximately 15%.
- Crane NXT expects the acquisition to be accretive to Adjusted EPS in the first full year and achieve double-digit Return on Invested Capital (ROIC) by year five, with the overall transaction expected to close in the first half of 2026.
Sep 18, 2025, 1:42 AM
Crane NXT Agrees to Acquire Antares Vision
CXT
M&A
New Projects/Investments
- Crane NXT has announced an agreement to acquire Antares Vision, a global leader in inspection, detection, and track and trace technologies, for an enterprise value of approximately €445 million.
- Antares Vision, which reported approximately €200 million in revenue in 2024 with an adjusted EBITDA margin of approximately 15%, will expand Crane NXT's portfolio into the life sciences and food and beverage end markets.
- The acquisition is expected to be accretive to EPS in the first full year after closing and achieve a double-digit ROIC by year five.
- The deal will be financed through cash and credit facilities, with an expected net leverage of approximately 2.9 times for Crane NXT at closing.
- Crane NXT plans to acquire an initial 30% stake in Antares Vision in 2025, followed by a mandatory public tender offer to take the company private in 2026.
Sep 12, 2025, 2:00 PM
Crane NXT Announces Agreement to Acquire Antares Vision
CXT
M&A
New Projects/Investments
- Crane NXT has announced an agreement to acquire Antares Vision, a global leader in inspection, detection, and track & trace technologies.
- Antares Vision reported ~€200M in revenue and an ~15% Adjusted EBITDA Margin for 2024.
- The acquisition is valued at €5.00 per share, with an Enterprise Value of ~€445M, equating to an EV/EBITDA multiple of ~12x (or ~10x after expected synergies).
- Crane NXT anticipates the transaction to be EPS accretive in 2027 (the first full year after closing) and to achieve double-digit Return on Invested Capital (ROIC) by year-5.
- The transaction timeline includes acquiring ~30% ownership in Q4 2025, followed by a mandatory public tender offer, with the full closing expected in 1H 2026.
Sep 12, 2025, 2:00 PM
Quarterly earnings call transcripts for Crane NXT.
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