Crane NXT Reports Third Quarter 2025 Results

Core Insights - Crane NXT reported a sales growth of 10.3% year-over-year for Q3 2025, with net sales reaching $445.1 million compared to $403.5 million in Q3 2024 [5][3] - The company has narrowed its full-year Adjusted EPS guidance to a range of $4.00 to $4.10, down from $4.00 to $4.30, while increasing its sales growth guidance to 9% to 11% from 6% to 8% [3][4] - The CEO highlighted the acquisition of Antares Vision as a strategic move to enhance growth in detection, inspection, and authentication technologies [3][4] Financial Performance - Q3 2025 net sales were $445.1 million, an increase of $41.6 million, or 10.3%, compared to Q3 2024, driven by $28.3 million from acquisitions and $7.6 million from favorable foreign exchange [5][11] - Operating profit for Q3 2025 was $81.9 million, with an operating profit margin of 18.4%, a slight decrease from 18.6% in the previous year [7][9] - Adjusted operating profit was $110.0 million, reflecting a 14% increase from $96.5 million in Q3 2024, with an adjusted operating profit margin of 24.7% [5][7] Segment Performance - Crane Payment Innovations reported net sales of $216.3 million, a decrease of 3.8% year-over-year, primarily due to lower volumes [9][10] - Security and Authentication Technologies saw net sales of $228.8 million, an increase of 28.1%, driven by higher volumes and contributions from the acquired De La Rue business [10][11] Cash Flow and Financial Metrics - Cash provided by operating activities for Q3 2025 was $92.0 million, up from $66.7 million in the prior year, with adjusted free cash flow of $85.3 million compared to $59.0 million [12][13] - As of September 30, 2025, the company held cash and cash equivalents of $182.4 million, with total debt increasing to $1,081.9 million due to the acquisition financing [13][12] Full Year Guidance - The updated full-year sales growth guidance is now set at 9% to 11%, with specific segment growth rates adjusted for Crane Payment Innovations and Security and Authentication Technologies [16][15] - Adjusted EPS guidance has been narrowed to $4.00 to $4.10, reflecting ongoing macroeconomic uncertainties impacting demand [3][16]