WALTHAM, Mass., Dec. 16, 2025 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE: CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced the completion of its acquisition of approximately 32% of Antares Vision S.p.A. (“Antares Vision”) on a fully diluted basis from Regolo S.p.A. (“Regolo”) and Sargas S.r.L (“Sargas”). This milestone marks the first phase of Crane NXT’s acquisition of Antares Vision. Under the terms of the definitive agreements, Crane NXT purchased this initial s ...

Financial Data and Key Metrics Changes - Sales grew approximately 10% year over year, reaching approximately $445 million, with adjusted EPS of $1.28 [4][13] - Free cash flow conversion was 115% in the quarter, on track for a full-year target range of 90%-110% [4][14] - Adjusted segment operating profit margin was approximately 28%, up 50 basis points year over year [13] Business Line Data and Key Metrics Changes - CPI segment sales were approximately $216 million, down 4% year over year, primarily due to declines in vending [15] - Security and authentication technologies segment sales were approximately $229 million, growing 28% year over year, with core sales increasing 9% [16] - The international currency business backlog remains at near record high levels, with approximately 20% organic backlog growth year over year [16] Market Data and Key Metrics Changes - The U.S. currency business is expected to grow in the high single digits next year, driven by increased demand for higher denomination banknotes [5][11] - The Federal Reserve's print order for 2026 indicates a significant increase in demand for higher denomination banknotes [5][11] Company Strategy and Development Direction - The company is focused on expanding its market-leading positions and has signed an agreement to acquire Antares Vision, enhancing its portfolio in life sciences and food and beverage sectors [7][9] - The strategy includes upgrading existing customers from legacy products to advanced micro-optics technology, improving margins and customer retention [8][35] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the backlog and the position for 2026, indicating strong demand in international currency [24] - The company is taking a prudent approach to its outlook for CPI, anticipating continued softness in vending but growth in gaming and service segments [31][32] Other Important Information - The company is on track to achieve adjusted free cash flow conversion of approximately 90%-110% for the full year [17] - The integration of Antares Vision is expected to strengthen the company's position in markets with secular tailwinds [9][66] Q&A Session Summary Question: Currency business capacity for 2026 - Management indicated strong confidence in the backlog and is exploring both organic investments and partnerships to increase production capacity [24][25] Question: CPI vending business outlook - Management noted ongoing order softness in vending due to price increases and macroeconomic factors, expecting this trend to continue into Q4 [31][32] Question: Transitioning De La Rue customers to micro-optics - Management reported good customer receptivity to the transition, expecting significant margin improvements and increased customer stickiness [35][46] Question: U.S. currency redesigns impact - Management clarified that the $10 bill production is on track for mid-2026, with no immediate financial impact expected from the $50 redesign [39][40] Question: Antares Vision integration and guidance - Management expressed excitement about the Antares acquisition but will not include it in initial 2026 guidance until the transaction closes [64][66]

THIRD QUARTER 2025 FINANCIAL RESULTS November 6, 2025 FORWARD-LOOKING STATEMENTS – DISCLAIMER This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical statements of fact and those regarding the Company's intent, belief, or expectations. Words such as "anticipate(s)," "expect(s)," "intend(s)," "believe(s)," "plan(s)," "may," "will," "would," "could," "should," "seek(s)," and similar expre ...

Core Insights - Crane NXT reported revenue of $445.1 million for the quarter ended September 2025, marking a year-over-year increase of 10.3% and exceeding the Zacks Consensus Estimate by 3.78% [1] - The earnings per share (EPS) for the same period was $1.28, up from $1.16 a year ago, with an EPS surprise of 2.4% compared to the consensus estimate of $1.25 [1] Financial Performance - Net Sales in Security and Authentication Technologies reached $228.8 million, surpassing the estimated $206.25 million, reflecting a year-over-year increase of 28.1% [4] - Net Sales for Crane Payment Innovations were reported at $216.3 million, slightly below the average estimate of $222.65 million, indicating a year-over-year decline of 3.8% [4] - Operating profit for Security and Authentication Technologies was $39.3 million, close to the average estimate of $39.59 million [4] - Operating profit for Crane Payment Innovations was $60.7 million, compared to the average estimate of $63.01 million [4] Stock Performance - Crane NXT shares have returned -6.3% over the past month, contrasting with the Zacks S&P 500 composite's increase of 1% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Core Insights - Crane NXT reported quarterly earnings of $1.28 per share, exceeding the Zacks Consensus Estimate of $1.25 per share, and showing an increase from $1.16 per share a year ago, resulting in an earnings surprise of +2.40% [1] - The company achieved revenues of $445.1 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 3.78% and up from $403.5 million year-over-year [2] - Crane NXT has outperformed consensus EPS estimates three times in the last four quarters and has also topped revenue estimates three times during the same period [2] Future Outlook - The sustainability of Crane NXT's stock price movement will largely depend on management's commentary during the earnings call and future earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $1.32 on revenues of $441.68 million, while the estimate for the current fiscal year is $4.07 on revenues of $1.61 billion [7] - The Zacks Rank for Crane NXT is currently 3 (Hold), indicating that the stock is expected to perform in line with the market in the near future [6] Industry Context - The Technology Services industry, to which Crane NXT belongs, is currently ranked in the top 39% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Another company in the same industry, VerifyMe, Inc. (VRME), is expected to report a quarterly loss of $0.04 per share, reflecting a year-over-year change of +33.3%, with revenues projected at $4.89 million, down 9.9% from the previous year [9]

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]

Core Points - Crane NXT, Co. is set to announce its third quarter 2025 results on November 5, 2025, after market close [1] - The earnings call will take place on November 6, 2025, at 10:00 a.m. Eastern Time [3] Company Overview - Crane NXT is a leading industrial technology company that offers technology solutions for securing, detecting, and authenticating valuable assets [2] - The company employs approximately 5,000 individuals dedicated to helping customers protect their assets and ensure secure transactions globally [2]

Core Insights - Crane NXT has appointed Kim DiMaurizio as Senior Vice President and Chief People Officer, effective October 1, 2025, to lead the global human resources strategy [1][2] - The appointment is expected to enhance the company's growth and HR transformation efforts, with a focus on talent management and organizational development [1][2] Company Overview - Crane NXT is a premier industrial technology company that provides technology solutions for securing, detecting, and authenticating valuable assets [3] - The company employs approximately 5,000 individuals dedicated to protecting customer assets and ensuring secure transactions globally [3] Leadership Background - Kim DiMaurizio has extensive experience in HR leadership, previously serving as Vice President of Global HR Business Partnering at Jazz Pharmaceuticals and holding various roles at Campbell Soup Company [2] - She holds a Master's in Business Administration and a Bachelor's in Business Management from the University at Buffalo [2]

Company Overview - Crane NXT (CXT) shares increased by 14.7% in the last trading session, closing at $64.77, supported by strong trading volume compared to normal sessions [1] - The stock has experienced a 9.6% decline over the past four weeks, indicating a recent rebound [1] Earnings Expectations - Crane NXT is expected to report quarterly earnings of $1.25 per share, reflecting a year-over-year increase of 7.8% [2] - Revenue projections stand at $428.9 million, which is a 6.3% increase from the same quarter last year [2] Analyst Sentiment - The consensus EPS estimate for Crane NXT has remained unchanged over the last 30 days, suggesting stability in earnings expectations [3] - A lack of trend in earnings estimate revisions typically correlates with stock price movements, indicating the need for monitoring future performance [3] Industry Context - Crane NXT is categorized under the Zacks Technology Services industry, which includes other companies like JBT Marel (JBTM) [4] - JBTM's stock closed 0.5% higher at $137.91, but has seen a return of -6.2% over the past month, reflecting broader industry challenges [4] Additional Insights - JBT's consensus EPS estimate for its upcoming report is $1.47, which represents a decrease of 2% compared to the previous year [5] - Both Crane NXT and JBT currently hold a Zacks Rank of 3 (Hold), indicating a neutral outlook from analysts [4][5]

Core Viewpoint - Crane NXT anticipates significant growth in its U.S. Currency business in 2026, driven by the Federal Reserve's print order indicating increased demand for higher denomination banknotes [1][3]. Group 1: U.S. Currency Business Outlook - The Federal Reserve's 2026 print order projects banknote demand between 3.8 billion and 5.1 billion, with a notable increase of approximately 90% in higher denomination banknotes compared to 2025 [2]. - Crane NXT expects its U.S. Currency business to grow in the high-single-digits in 2026, reflecting confidence in the demand for advanced security features in banknotes [1][3]. Group 2: Strategic Initiatives - Crane NXT is committed to supporting the U.S. Currency Program's strategic priorities, including the redesign of the $10 banknote scheduled for release next year [3]. - The company is executing its strategy to become a leading provider of trusted technology solutions through its recent acquisition of Antares Vision, enhancing its capabilities in securing and authenticating valuable assets [3]. Group 3: Company Overview - Crane NXT is an industrial technology company focused on providing solutions that secure, detect, and authenticate important assets for its customers [4]. - The company employs approximately 5,000 individuals dedicated to ensuring secure transactions and protecting brand identity globally [4].