Crane NXT Co
NYSE:CXT
Crane NXT Co
Crane NXT Co., a pivotal player in the realm of advanced technology and solutions, has carved its niche by ingeniously blending innovation and precision to solve complex challenges. Born from a lineage of engineering excellence, it operates in specialized sectors that demand both sophisticated understanding and cutting-edge products. Primarily, Crane NXT capitalizes on its deep expertise in payment and automation technologies, catering to industries such as banking, retail, and transportation. Its prowess lies in developing secure, efficient, and reliable mechanisms that streamline transactions and enhance operational efficiencies, capturing the essence of modern needs in a tech-driven economy.
Integral to its financial model, Crane NXT's business thrives on a robust structure that leverages both product sales and ongoing service agreements. The company not only supplies hardware and software solutions but also sustains long-term relationships with its clients through comprehensive maintenance services and technological upgrades. This dual revenue stream not only stabilizes cash flow but also ensures continued growth through recurring income. By constantly innovating and adapting to the evolving technological landscape, Crane NXT sustains its competitive advantage, fortifying its reputation as a stalwart in sectors that thread technology and security seamlessly into the fabric of daily transaction and automation processes.
Crane NXT Co., a pivotal player in the realm of advanced technology and solutions, has carved its niche by ingeniously blending innovation and precision to solve complex challenges. Born from a lineage of engineering excellence, it operates in specialized sectors that demand both sophisticated understanding and cutting-edge products. Primarily, Crane NXT capitalizes on its deep expertise in payment and automation technologies, catering to industries such as banking, retail, and transportation. Its prowess lies in developing secure, efficient, and reliable mechanisms that streamline transactions and enhance operational efficiencies, capturing the essence of modern needs in a tech-driven economy.
Integral to its financial model, Crane NXT's business thrives on a robust structure that leverages both product sales and ongoing service agreements. The company not only supplies hardware and software solutions but also sustains long-term relationships with its clients through comprehensive maintenance services and technological upgrades. This dual revenue stream not only stabilizes cash flow but also ensures continued growth through recurring income. By constantly innovating and adapting to the evolving technological landscape, Crane NXT sustains its competitive advantage, fortifying its reputation as a stalwart in sectors that thread technology and security seamlessly into the fabric of daily transaction and automation processes.
Sales Growth: Third quarter sales grew about 10% year-over-year to approximately $445 million, aligning with expectations and driven by strong performance in international currency.
EPS & Cash Flow: Adjusted EPS was $1.28 for the quarter and free cash flow conversion was 115%, supporting a full-year target of 90% to 110%.
Guidance Raised: Full-year sales growth guidance was raised to 9%–11% (from 6%–8%), reflecting momentum in currency, but margin guidance was trimmed slightly due to higher costs and CPI softness.
International Currency Strength: International currency business exceeded expectations with new wins and near-record backlog, supporting increased production and confidence for 2026 growth.
U.S. Currency Outlook: High single-digit growth expected in 2026, helped by favorable mix and the launch of the new $10 bill.
M&A Activity: Announced acquisition of Antares Vision to further diversify portfolio and reduce reliance on cash-centric products.
CPI Segment Mixed: CPI vending remained weak due to tariff-driven price increases, but gaming and service saw growth and healthy margins.
Authentication Integration: Successful transition of De La Rue customers to proprietary micro-optics technology is boosting margins and customer retention.
