Crane Nxt Stock Earnings Reports

Crane NXT reported a solid start to 2026: Q1 sales were $388M, up ~17% year-over-year (organic sales +6%), adjusted EBITDA margin rose ~80 bps to 19%, and adjusted EPS was $0.60 (+11%). The company closed the Antares Vision acquisition ahead of schedule, creating a new Detection & Traceability Technologies (DTT) segment and adding ~ $200–210M of revenue for nine months in 2026 (with Q4 skew). Management reiterated full-year guidance: total sales growth of 15%–17% and EPS of $4.10–$4.40, and expects full-year adjusted segment EBITDA margin of ~27% (including Antares). Balance sheet: net leverage was ~2.9x at quarter end (including Antares financing); management plans to deploy free cash flow to reduce leverage to ~2.3x by year-end and hold leverage below 3x long term. Segment highlights: Security & Authentication Technologies (SAT) was strong (51% growth YoY including prior acquisitions; organic +22%), led by U.S. currency strength and micro-optics wins; Crane Authentication (post-De La Rue) and SAT margins are expanding with an expected SAT margin near ~25% by year-end. Detection & Traceability (CPI portion) showed modest hardware softness (sales down ~4% YoY for CPI-only basis), services growing mid-single digits, and CPI margins to modestly improve (20–30 bps). Antares is initially margin-dilutive to the consolidated mix but management expects to realize synergies via the Crane Business System (CBS) and drive Antares margins toward low-20s over time. CapEx expected to remain in 3–5% range but will be reallocated toward expanding currency production capacity (outsourcing and new lines). Management expects Antares to be modestly dilutive to 2026 EPS due to incremental interest expense but accretive in 2027; they do not expect near-term bolt-on M&A (focus on integration and deleveraging, with M&A capacity targeted for 2027).