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.
MS
Matt Summerville
D.A. Davidson & Co.
6 questions for CXT
Also covers: ALTG, AME, AOS +17 more
MH
Michael Halloran
Baird
5 questions for CXT
Also covers: AOS, DOV, FELE +19 more
BB
Bobby Brooks
Northland Capital Markets
4 questions for CXT
Also covers: ATMU, BELFA, CECO +12 more
BL
Bob Labick
CJS Securities
4 questions for CXT
Also covers: ACVA, BCPC, BV +11 more
DK
Damian Karas
UBS
4 questions for CXT
Also covers: ALH, AOS, CGNX +14 more
Isaac Sellhausen
Oppenheimer & Co. Inc.
3 questions for CXT
Also covers: ALSN, ATSG, CCSI +10 more
IZ
Ian Zaffino
Oppenheimer & Co. Inc.
2 questions for CXT
Also covers: ACA, ALSN, ARMK +21 more
RB
Robert Brooks
Northland Capital Markets
2 questions for CXT
Also covers: ATMU, BELFA, CECO +10 more
RL
Robert Labick
CJS Securities
2 questions for CXT
Also covers: BCPC, HELE, KN
MH
Mike Halloran
Robert W. Baird & Co. Incorporated
1 question for CXT
Also covers: ALH, AOS, DOV +14 more
Recent press releases and 8-K filings for CXT.
Crane NXT Outlines Strategic Vision and Financial Targets Through 2028
CXT
Guidance Update
M&A
New Projects/Investments
- Crane NXT reported approximately $1.7 billion in sales for 2025, with an adjusted EBITDA margin of approximately 24% and 94% free cash flow conversion. Over the past three years, the company achieved approximately 9% total sales growth and 4% core sales growth, with an average adjusted EBITDA margin of approximately 26%.
- The company is targeting approximately $2.5 billion in revenue by 2028, representing a 15% sales growth CAGR from 2025. This growth is expected from underlying market expansion, the Antares Vision acquisition, and future programmatic M&A.
- Crane NXT plans to deploy approximately $1 billion in capital over the next three years, primarily for M&A, targeting one to two transactions per year while maintaining net leverage below 3 times. The Antares Vision acquisition, expected to close in mid-2026, will expand the addressable market to $13 billion and is projected to contribute approximately $260 million in revenue by 2028.
- The Security and Authentication Technologies (SAT) segment is projected to grow to a $1 billion revenue business by 2028, delivering 28% adjusted EBITDA. This growth is supported by the U.S. currency upgrade, which could add an incremental $100 million in annual revenue, and the conversion of 10-15 new banknotes to micro-optics technology annually.
3 days ago
Crane NXT Investor Day Highlights Strategic Vision and Financial Targets
CXT
Guidance Update
M&A
New Projects/Investments
- Crane NXT provided 2026 financial guidance, expecting 4%-6% sales growth, an adjusted EBITDA margin of approximately 25%, and adjusted EPS in the range of $4.10-$4.40.
- The company targets approximately $2.5 billion in revenue by 2028, representing a 15% sales growth CAGR through 2028, with adjusted EBITDA expected to reach approximately $600 million (mid-20s% margin) and free cash flow conversion of 90%-110%.
- Crane NXT's strategy focuses on accelerating organic growth, expanding leadership positions through programmatic M&A, and driving operational excellence via the Crane Business System. The Antares Vision acquisition, expected to close mid-2026, will expand the addressable market to $13 billion and contribute to approximately $1.9 billion in revenue in 2026.
- The Security and Authentication Technologies (SAT) segment, which had approximately $810 million in sales in 2025, expects high single-digit sales growth in 2026, driven by the U.S. currency refresh and international currency demand.
3 days ago
Crane NXT Outlines Strategic Vision and Financial Targets at 2026 Investor Day
CXT
Guidance Update
M&A
New Projects/Investments
- Crane NXT presented its strategic vision and financial targets, projecting approximately $2.5 billion in sales by 2028, with adjusted EBITDA margins in the mid-twenties and approximately 100% free cash flow conversion.
- The company anticipates 2026 revenue of approximately $1.9 billion following the Antares Vision acquisition, which expands its addressable market to $13 billion.
- Crane NXT plans to accelerate organic growth at mid-single digits and pursue programmatic M&A, with approximately $1 billion of available capital for deployment over the next three years.
- Segment-specific goals include the Security and Authentication Technologies (SAT) segment reaching $1 billion in revenue with 28% adjusted EBITDA by 2028, and Crane Payment Innovations (CPI) targeting $890 million in revenue with 32% adjusted EBITDA by 2028.
- Operational excellence, driven by the Crane Business System, is expected to enhance margins, with Crane Authentication anticipating $20 million of margin improvement in 2026 and 300 basis points annual improvement in 2027 and 2028.
3 days ago
Crane NXT Reports Q4 and Full Year 2025 Results and Issues 2026 Guidance
CXT
Earnings
Guidance Update
M&A
- Crane NXT reported Q4 2025 sales growth of ~20% and FY 2025 sales growth of ~11%, with Adjusted EPS of $1.27 for Q4 2025 and $4.06 for FY 2025.
- The company completed the acquisition of De La Rue Authentication and closed an initial stake in Antares Vision in Q4 2025, with the Antares Vision transaction expected to be completed in mid-2026.
- For 2026, Crane NXT provided guidance for sales growth of +4% to +6% and Adjusted EPS of $4.10 to $4.40.
- As of December 31, 2025, the net leverage ratio was ~2.3x, with expectations to reach ~2.9x after the Antares close and then reduce to ~2.3x by the end of 2026.
Feb 12, 2026, 3:00 PM
Crane NXT Reports Strong Q4 2025 Results and Issues 2026 Guidance
CXT
Earnings
Guidance Update
M&A
- Crane NXT reported a strong end to 2025, with Q4 sales growth of approximately 20% and full-year sales growth of approximately 11%, achieving Adjusted EPS of $1.27 in Q4 and $4.06 for the full year.
- The company exceeded its target with 20 new currency denomination wins for its Micro-optics technology in 2025 and completed equipment upgrades for the new U.S. $10 bill release in 2026.
- For 2026, Crane NXT expects mid-single-digit sales growth, Adjusted EBITDA of approximately 25%, and Adjusted EPS in the range of $4.10-$4.40.
- Strategic initiatives include expanding international currency capacity due to strong demand and progressing with the Antares Vision acquisition, with consolidation expected by the end of Q1 2026 and the company going private by mid-2026.
Feb 12, 2026, 3:00 PM
Crane NXT Reports Strong Q4 and Full-Year 2025 Results, Provides 2026 Guidance
CXT
Earnings
Guidance Update
New Projects/Investments
- Crane NXT concluded 2025 with a strong financial performance, reporting Q4 sales growth of approximately 20% and full-year sales growth of approximately 11%. Adjusted EPS reached $1.27 in Q4 and $4.06 for the full year, with adjusted EBITDA margins of approximately 25% in Q4 and 24% for the full year.
- For 2026, the company anticipates full-year sales growth of 4%-6%, with adjusted EPS projected to be in the range of $4.10-$4.40, and adjusted free cash flow conversion expected between approximately 90%-110%.
- Strategic advancements include the initial equity investment in Antares Vision during Q4 2025, with the full acquisition and take-private process expected to be completed by mid-2026. The company is also making significant investments in international currency capacity expansion following 20 new Micro-optics denomination wins in 2025.
- Crane NXT announced a 6% increase to its annual dividend and is preparing for the release of the new U.S. $10 bill later in 2026, with the U.S. Treasury announcement of the new design likely in mid-2026.
Feb 12, 2026, 3:00 PM
Crane NXT Reports Strong Q4 2025 Results and Issues 2026 Guidance
CXT
Earnings
Guidance Update
M&A
- Crane NXT reported a strong end to 2025, with Q4 sales growth of approximately 20% and full-year sales growth of 11%. Adjusted EPS for Q4 was $1.27 and $4.06 for the full year, with adjusted EBITDA margin at 25% for Q4 and 24% for the full year.
- For 2026, the company expects full-year sales growth of 4%-6% and adjusted EPS in the range of $4.10-$4.40. Adjusted segment EBITDA margin is projected to be approximately 28%, with adjusted free cash flow conversion between 90%-110%.
- The company achieved 20 new currency denomination wins in 2025, exceeding its target, and is preparing for the release of the new U.S. $10 bill later in 2026.
- Crane NXT closed an initial 32% equity investment in Antares Vision in Q4 2025 and plans to complete the take-private process by mid-2026, with updated 2026 guidance expected after consolidation in Q1 2026.
- The company also announced a 6% increase to its annual dividend.
Feb 12, 2026, 3:00 PM
Crane NXT Announces Q4 and Full Year 2025 Results, Raises Dividend, and Provides 2026 Guidance
CXT
Earnings
Guidance Update
M&A
- Crane NXT reported Q4 2025 sales growth of 19.5% and full year 2025 sales growth of 11.4%, with Adjusted EPS of $1.27 for Q4 and $4.06 for the full year.
- The company completed the acquisition of De La Rue Authentication Solutions and the first phase of the Antares Vision acquisition in Q4 2025, expanding its portfolio into the Life Sciences & Food and Beverage sectors.
- Crane NXT declared a 6% increase in its annual dividend, setting the Q1 2026 dividend at $0.18 per share.
- For full year 2026, the company introduced guidance for Adjusted EPS of $4.10 to $4.40 and projected Crane NXT Sales Growth of +4% to +6%.
Feb 11, 2026, 9:20 PM
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%.
Jan 14, 2026, 1:45 PM
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.
Jan 14, 2026, 1:45 PM
Quarterly earnings call transcripts for Crane NXT.
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