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]