FOURTH QUARTER & FULL YEAR 2025 FINANCIAL RESULTS February 12, 2026 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 ...

Core Insights - Crane NXT reported a full year sales growth of 11.4%, with GAAP EPS of $2.50 and Adjusted EPS of $4.06 for 2025 [6][14][18] - The company is on track to complete the acquisition of Antares Vision in 2026, which will expand its portfolio into the Life Sciences and Food & Beverage sectors [4][6] - Crane NXT's President highlighted significant progress in evolving the portfolio and maintaining strong free cash flow while gaining market share in Crane Currency [4] Fourth Quarter 2025 Highlights - Fourth quarter net sales reached $476.9 million, a 19.5% increase from $399.1 million in Q4 2024, driven by acquisitions and core sales growth [5][6] - Operating profit for Q4 was $79.6 million, with an operating profit margin of 16.7%, down from 17.7% the previous year [8][9] - Adjusted EPS for Q4 was $1.27, compared to $1.00 in Q4 2024 [9] Full Year 2025 Highlights - Total net sales for 2025 were $1,656.7 million, up from $1,486.8 million in 2024, primarily due to acquisitions and favorable foreign exchange [14][15] - Operating profit for the year was $246.7 million, with an operating profit margin of 14.9%, down from 18.1% in 2024 [17] - Adjusted operating profit margin for 2025 was 21.2%, a decrease from 23.6% in the prior year [17] Financial Metrics - Cash provided by operating activities was $241.5 million in 2025, an increase from $214.1 million in 2024 [19] - The company held cash and cash equivalents of $233.8 million as of December 31, 2025, compared to $165.8 million a year earlier [20] - Total debt increased to $1,139.5 million as of December 31, 2025, reflecting financing for acquisitions [20] 2026 Guidance - Crane NXT introduced guidance for 2026, projecting Adjusted EPS between $4.10 and $4.40, with sales growth expected to be between 4% to 6% [21][23] - The company anticipates an adjusted EBITDA margin of approximately 25% for 2026 [23] Dividend Announcement - Crane NXT declared a quarterly dividend of $0.18 per share for the first quarter of 2026, marking a 6% increase over the previous year [24]

Crane NXT Conference Call Summary Company Overview - **Company**: Crane NXT - **Industry**: Industrial Technology focused on securing, detecting, and authenticating critical items - **Sales Projection for 2025**: Approximately $1.6 billion with about 50% recurring revenue [3][4] - **Operating Margins**: Adjusted segment operating margins in the mid-20% range [3] Financial Performance - **Sales Composition**: Two segments - Security and Authentication Technologies (~$800 million) and Crane Payment Innovations (CPI) (~$850 million) [6] - **Geographic Distribution**: 60% of sales in the Americas, with growing presence in emerging markets (Middle East, Africa, APAC) [5] - **Recurring Revenue**: Strong recurring revenue model contributing to financial stability [3] Growth Strategy - **M&A Activity**: Focus on disciplined capital allocation and programmatic M&A to expand into adjacent markets [4][10] - **Recent Acquisition**: Antares Vision, expected to add approximately EUR 200 million in revenue with a 15% EBITDA margin [9] - **Future M&A Plans**: Healthy M&A funnel with a target of one to two acquisitions per year, maintaining leverage below three [43][44] Market Dynamics - **International Currency Segment**: Strong performance driven by high demand and a record backlog, with expectations for mid-single-digit growth [28][37] - **U.S. Currency Segment**: Anticipated high single-digit growth due to new currency designs and upgrades [37] - **Competitive Landscape**: Increased adoption of advanced technology in currency security, driven by counterfeiting concerns and regional competition [55][56] Operational Insights - **Capacity Investments**: Investments in capacity expansion at facilities to meet growing demand, particularly in micro-optics and printing [20][21] - **Margin Compression**: Short-term margin compression expected due to outsourcing and capacity expansion efforts [20][29] - **Free Cash Flow**: Expected to remain strong, with a conversion rate of 90%-110% [49] Technology and Innovation - **AI Integration**: Plans to leverage AI for productivity improvements, process reshaping, and product innovation, particularly in track and trace software [51][53] - **Continuous Improvement**: Ongoing application of the Crane Business System (CBS) to enhance operational efficiency and product quality [4][52] Upcoming Events - **Investor Day**: Scheduled for February 25, 2026, to provide further insights into company strategy and performance [59] Conclusion - Crane NXT is positioned for growth through strategic acquisitions, a strong focus on technology, and a commitment to operational excellence. The company anticipates continued success in both its international and U.S. currency segments, supported by a robust backlog and innovative solutions.

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]

Financial Performance - Q1 2025 sales reached $330 million, a ~5% increase compared to $314 million in Q1 2024[6, 16] - Adjusted EPS for Q1 2025 was $0.54, aligning with expectations[6, 17] - Core growth declined by 4.1% in Q1 2025, impacted by U S Currency equipment upgrades[16] - Crane Payment Innovations (CPI) sales decreased by 2.9% to $203 million in Q1 2025[18] - Security and Authentication Technologies (SAT) sales increased by 21.8% to $127 million in Q1 2025[20] Strategic Initiatives - The company completed the acquisition of De La Rue Authentication Solutions, expecting ~$80 million to ~$90 million in sales from May to December 2025[7, 8] - OpSec and De La Rue are combining to form "Crane Authentication"[7] - The company is reaffirming full-year Adjusted EPS guidance of $4 00 to $4 30[6, 29] Financial Outlook - The company updated its sales growth guidance for Crane NXT to +6% to +8%, with SAT segment sales growth expected to be +19% to +21%[28] - CPI segment sales growth is now projected at -2% to 0%[28] - The company anticipates a ~$25 million unmitigated impact from tariffs, but expects to fully mitigate this through pricing and productivity measures[25, 26]

Core Insights - Crane NXT completed the acquisition of De La Rue Authentication, enhancing its position in the global authentication market [1][3] - The company increased its full-year sales growth guidance to a range of 6% to 8% for 2025 while maintaining its EPS guidance of $4.00 to $4.30 [1][4] Financial Performance - For Q1 2025, net sales reached $330.3 million, a 5.3% increase from $313.6 million in Q1 2024, driven by a $33.4 million contribution from the acquired OpSec Security business [5][11] - Core sales declined by 4.1%, primarily in the Currency business, reflecting planned upgrades to U.S. Currency equipment [5][6] - Operating profit for Q1 2025 was $37.3 million, down 32.7% from $55.4 million in Q1 2024, with an operating profit margin of 11.3% compared to 17.7% the previous year [7][27] Segment Results - Crane Payment Innovations reported net sales of $202.9 million, a decrease of 2.9% year-over-year, while Security and Authentication Technologies saw net sales of $127.4 million, an increase of 21.8% [9][10] - The operating profit margin for Crane Payment Innovations was 24.5%, down from 25.2% in the prior year, while Security and Authentication Technologies experienced a significant drop in operating profit margin to 1.9% from 19.4% [9][10] Cash Flow and Financial Metrics - Cash used for operating activities in Q1 2025 was $19.1 million, compared to cash provided of $9.5 million in the prior year, leading to an adjusted free cash flow of $(30.5) million [12][43] - As of March 31, 2025, the company held cash and cash equivalents of $173.8 million and total debt of $804.6 million [13][30] Guidance and Future Outlook - The updated full-year guidance reflects the acquisition of De La Rue Authentication and the impact of tariffs, with specific sales growth expectations for different segments [14][16] - The company announced a quarterly dividend of $0.17 per share for Q2 2025, payable on June 11, 2025 [17]

Core Insights - Crane NXT has completed the acquisition of De La Rue Authentication Solutions, enhancing its portfolio in security and authentication technologies [1][2] - The acquisition is expected to be accretive to Adjusted EPS in the first full year and aims for double-digit ROIC by year five [3] Company Overview - Crane NXT is an industrial technology company focused on providing technology solutions for security, detection, and authentication [4] - The company operates through two main segments: Security & Authentication Technologies and Crane Payment Innovations, employing approximately 5,000 people [4] Strategic Fit - The acquisition of De La Rue Authentication Solutions is seen as a strategic fit within Crane NXT's Security and Authentication Technologies segment, allowing for a broader suite of solutions [2] - A new business unit called "Crane Authentication" will be created, integrating OpSec and De La Rue Authentication Solutions to enhance customer service and value creation [2]