CXT

Crane NXT’s second quarter results received a positive market response, as the company reported double-digit sales growth and notable margin expansion. Management attributed the quarter’s performance to ongoing integration of recent acquisitions, particularly Antares Vision, and continued operational improvements across its core Security and Authentication Technologies (SAT) segment. CEO Aaron Saak highlighted that organic sales growth was driven by international currency demand and productivity initiatives, while the contribution from new businesses further supported revenue gains. The company also emphasized record backlog levels, reflecting sustained customer demand and visibility into future sales. Is now the time to buy CXT? Find out in our full research report (it’s free). Revenue: $493.2 million vs analyst estimates of $493.1 million (22% year-on-year growth, in line) Adjusted EPS: $1.10 vs analyst estimates of $1.04 (6.3% beat) Adjusted EBITDA: $115.5 million vs analyst estimates of $116 million (23.4% margin, in line) Management raised its full-year Adjusted EPS guidance to $4.32 at the midpoint, a 1.6% increase Operating Margin: 14%, up from 11.8% in the same quarter last year Backlog: $755.5 million at quarter end, up 27.7% year on year Market Capitalization: $2.95 billion While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Matt Summerville (D.A. Davidson) asked about capacity additions and the implications of booking orders into 2028. CEO Aaron Saak said capacity is expanding through partnerships and micro-optics investments, supporting several years of growth. Trent (Baird, for Mike Halloran) inquired about Antares Vision performance and integration. Saak responded that integration is ahead of schedule, with CBS driving early synergy realization and positioning the segment for long-term gains. Trent (Baird, for Mike Halloran) also asked about softness in CPI hardware and vending. Saak noted sequential backlog growth and margin expansion, attributing confidence to service growth and operational execution. Bob Labick (CJS Securities) requested more detail on CBS actions and authentication margin improvement. Saak described product line optimization and facility consolidation as key drivers, while CFO Christina Cristiano highlighted mid-teens margin targets for authentication by year-end. Ian Zaffino (Oppenheimer) questioned the portfolio strategy for legacy CPI businesses. Saak said the company is focused on maximizing value and remains open to optimizing the business mix as it pursues leadership in authentication and traceability. In upcoming quarters, our analysts will monitor (1) execution of capacity expansion for micro-optic currency and the pace of backlog conversion, (2) progress on Antares Vision integration and synergy realization, and (3) margin trends in authentication and DTT segments, especially as CBS practices are scaled. We will also track service growth within CPI and any portfolio optimization updates. Crane NXT currently trades at $51.18, down from $52.37 just before the earnings. At this price, is it a buy or sell? Find out in our full research report (it’s free for active Edge members). ONE MORE THING: Top 5 Growth Stocks. The biggest stock winners almost always had one thing in common before they ran. Revenue growing like crazy. Meta. CrowdStrike. Broadcom. Our AI flagged all three. They returned 315%, 314%, and 455%, respectively. Find out which 5 stocks it’s flagging this month — FREE. Get Our Top 5 Growth Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,552% between June 2020 and June 2025). Find your next big winner with StockStory today.

Image source: The Motley Fool. Thursday, Aug. 6, 2026 at 10:00 a.m. ET Vice President, Investor Relations - Matt Roache President and Chief Executive Officer - Aaron W. Saak Senior Vice President and Chief Financial Officer - Christina Cristiano Operator: Good day. And thank you for standing by. Welcome to the Crane NXT second quarter 26 Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press *11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press *11 again. Please be advised that today's conference call is being recorded. I would now like to hand the conference over to your speaker today, Matt Roache, Vice President, Investor Relations. Please go ahead. Matt Roache: Thank you, operator, and good morning, everyone. To Crane NXT's Second Quarter 26 Earnings Conference Call. Before we begin, I would like to remind you that the presentation slides we will reference today are available in the Investor Relations section of our website at cranenxt.com. A replay of today's call will also be available on our website following the conclusion of our remarks. Before we discuss our results, I encourage all participants to review the legal notice on Slide 2 regarding forward looking statements. Which are subject to risks, uncertainties, and other important factors that may cause actual results to differ materially. Additionally, we refer you to the note on Slide 2 on the use of non GAAP financial measures. I also refer you to the cautionary language included in our earnings release our Form 10-K, and subsequent SEC filings. During today's call, we will discuss certain non GAAP financial measures. Reconciliations of these measures to the most directly comparable GAAP measures can be found in the tables accompanying our earnings release. And slide presentation both of which are available in the Investor Relations section of our website. Joining me today are Aaron W. Saak, our President and Chief Executive Officer Christina Cristiano, our Senior Vice President and Chief Financial Officer. During the call, we will review our second quarter highlights, discuss our financial and operational performance, and provide an update on our 2026 financial guidance. After our prepared remarks, we will open the call for questions. With that, I will turn the call over to Aaron. Aaron W. Saak: Thank you, Matt, and good morning to everyone joining us today to our second quarter results. I would like to begin by thanking our Crane NXT team members around the world for their strong operating performance throughout the quarter. The key message I want to reinforce today is that we are executing against our value creation priorities. Delivering growth building on our leadership positions, and driving operational excellence through organic margin expansion and strong free cash flow. And you can see that progress reflected in our second quarter results on Slide 3. Organic sales grew by ~3% and total sales increased ~22% year over year. Reflecting both continued strong performance in our SAT segment and the contribution from Antares Vision in our DTT segment. And I am very pleased with the progress we have made in Q2 with the integration of Antares We are quickly implementing the Crane business system including training and holding Kaizen events to improve productivity and drive growth. And we are off to a strong start in our first 100 days and remain confident in our ability to achieve our full year estimates. Importantly, given the strong first half performance and confidence in our continued momentum, we are increasing our full year adjusted EPS guidance to a range of $4.22 to $4.42. So with that, let me now hand the call over to Christina to review our second quarter performance in more detail and our updated guidance. Christina? Christina Cristiano: Thank you, Aaron, and good morning, everyone. I would also like to express my appreciation to our associates around the world for their hard work in the second quarter. Turning to Slide 4. Sales were $493 million an increase of 22% year over year. Organic sales grew 3%, driven by continued strong performance in SAT. Adjusted EBITDA was $115 million with adjusted EBITDA margin of ~23%, representing 150 basis points of organic margin expansion. For the full year, we continue to expect adjusted EBITDA margin of ~24%. We delivered adjusted EPS of $1.10 an increase of 13% year over year and ahead of our prior expectations. Finally, adjusted free cash flow was $79 million resulting in a conversion ratio of ~124%. We continue to expect full year free cash flow conversion of 90% to 110% supported by our robust backlog and operating discipline. Moving to our segments and starting with security and authentication technologies on Slide 5. Second quarter sales were $227 million an increase of ~17% year over year, including 1 month of inorganic contribution from the De La Rue authentication acquisition which closed in May 2025. Organic sales increased ~10% driven by sustained demand in international currency. In the second quarter, we celebrated the 2 hundred and 20-fifth anniversary of Crane Currency, which was founded in 1.8 thousand and has been the sole source provider of secure currency paper to the US federal government since 1.88 thousand. We marked the occasion at a celebration in Dalton, Massachusetts with the director of the Bureau of Engraving and Printing. Whose remarks highlighted our partnership on the development of the new US currency utilizing the next generation of microoptic security technology. This event also highlighted our more than 75-year relationship with the US government publishing office. With whom we partner to make the US passport paper. In Q2, we renewed our contract, extending our relationship for the US for another 10 years. We are incredibly proud to serve as the trusted partner to the US government on these important programs. Returning to our results, adjusted EBITDA was $59 million in the second quarter with adjusted EBITDA margin of 26%. An increase of 30 basis points over the prior year. On an organic basis, adjusted EBITDA margin increased ~200 basis points year over year, reflecting the positive impact of productivity programs in the currency business and the execution of synergies in authentication as planned. Finally, SAT backlog of approximately $500 million reflects a new record high This backlog provides meaningful visibility into customer demand and supports our confidence in the updated SAT sales outlook. We have a healthy pipeline of opportunities and are investing in future growth. Turning to detection and traceability technologies on Slide 6. Second quarter sales were $267 million an increase of 26% year over year, reflecting a full quarter contribution from Antares Vision. Despite softer hardware demand in CPI, DTT expanded organic EBITDA margin by approximately 240 basis points through pricing discipline and productivity actions. We expect to see further margin accretion in DTT as the year progresses. And are on track to end the year with adjusted EBITDA margin of ~27%. Segment backlog was $257 million, including $125 million of Antares Vision backlog, which we expect to deliver over the next 12 months. As we integrate Antares, we are focused on converting this backlog deploying CBS and realizing the margin expansion opportunities that supported the strategic rationale for the transaction. CPI backlog of approximately $132 million reflects sequential growth of ~10%, driven by order timing, with a book to bill ratio of ~1.1x. Turning to our balance sheet on Slide 7. We ended the second quarter with net leverage of ~2.7x. Looking ahead, we anticipate deploying free cash flow toward debt reduction, and expect to end 2026 with net leverage of ~2.3x. As we further strengthen our balance sheet, we will continue to evaluate capital allocation through a disciplined framework focused on the highest return uses of cash and long term shareholder value creation. Moving now to Slide 8. We are updating our 2026 guidance to reflect increased SAT sales and an improvement in nonoperating expense. For the full year, we continue to expect total sales growth of 15% to 17%. In SAT, we now expect high single digit to low double digit sales growth based on the strength of international currency backlog and continued strong demand. In DTT, we continue to expect sales growth in the low 20s percent range, with Antares Vision contributing approximately $200 million to $210 million and with the fourth quarter representing the largest contribution of the year, in line with their historic seasonality. In CPI, we expect sales to be slightly down for the full year, reflecting mid single digit growth in services, low single-digit growth in vending, and a mid-single-digit decline in hardware. We are also updating our forecast for non operating expense to approximately $80 million from $85 million reflecting the favorable impact of expected debt paydown and lower borrowing costs. As a result of these updates, we are raising our full year EPS guidance range to $4.22 to $4.42 per share. Looking ahead to the third quarter, we expect low double digit sales growth. In SAT, we expect sales to be flat to slightly down year over year given the very strong comparison to Q3 2025. In DTT, we expect sales growth in the mid-20s percent range, with Antares Vision contributing approximately $55 million to $60 million of sales while CPI sales are expected to decline in the low single digits year over year. Now I will turn it back to Aaron to provide closing remarks. Aaron W. Saak: Thank you, Christina. To wrap up, we delivered a solid second quarter and continue to execute against our key value creation priorities. Of accelerating organic growth, building on our leadership positions, and driving operational excellence. Based on our continued momentum, I am pleased that we are in a position to raise our full year adjusted EPS guidance. We are confident in our ability to deliver against the commitments we have laid out strengthening the portfolio and converting our competitive advantages into sustainable growth margin expansion, and strong free cash flow. Thank you again for your time this morning, and I would also like to again thank our Crane NXT team members around the world for their commitment to our customers, our communities, and all of our stakeholders. And with that, operator, we will take our first question. Operator: Thank you. At this time, we will conduct a question-and-answer session. As a reminder, to ask a question, you will need to press *11 on your telephone and wait for your name to be announced. To withdraw your question, please press *11 again. Please note that speakers will accept 1 question and 1 follow-up question on today's call. Please standby while we compile the Q and A roster. Our first question comes from the line of Matt Summerville of D. A. Davidson. Your line is now open. Matt Summerville: Thanks. Good morning. Aaron W. Saak: Hey. Good morning. Matt Summerville: A couple, Aaron. A couple of quick questions. How much capacity is being added either organically through your own footprint or through partners for security, substrate, and printing as it pertains to the currency business, And can you give a little bit more granularity as to what we should read through the fact that you are now booking out into 2028. And then I have a follow-up. Aaron W. Saak: Yeah. Hey. Thanks for that, Matt. And we just feel incredibly bullish about this currency business, both domestically and internationally, and you see that in the backlog again, reaching another all time high this quarter. We are adding capacity very quickly. Both as you alluded to and we have mentioned in the past through some partnerships here this year, and that is going very well. As well as the build out, particularly of our micro optics facilities both here in The United States and in Europe. And that is already going on and is going to continue for the next several years as we see, the volume both coming into our backlog and what we see getting tendered that we feel we have a very high probability of winning. So that being said, we are in a place to sustain high mid single digit growth in the international currency business for the next few years, that will ultimately lead to doubling over the next several years the size particularly of our micro optics capabilities. So that I think that puts us in a very good position both for obviously, the rest of 2026, but into 2027, 2028, and beyond. And that is what we are investing for. Matt Summerville: Thank you. Maybe just as a follow-up, can you give a little bit more granularity and detail around how we should expect third and fourth quarter revenue and earnings cadence to look across the 2 reportable business segments. Analyst: Obviously, there is a little bit of volatility in demand impacting CPI. Christina Cristiano: Yeah. I will start there, Matt. And, you know, I think it is just worth noting that we had a strong first half of the year. And that gives us the confidence to raise our full year guidance. So in the third quarter, we will see a low double digit sales growth overall with a mid-20s percent EBITDA margin. Now in SAT, we will see a low single digit decline. And that is largely driven by the comparative to 2025 in currency. As you know, we had a very strong end of the year last year. Authentication will perform as expected in Q3, which is a mid single digit revenue grower. In DTT, we will see a mid-20s percent growth. Antares will contribute 55 million to $60 million of sales. And then in CPI, we will be down in the low single digits, which is continued softness in our hardware end markets. I do just want to point out the phasing of the revenue in the back half of the year will be a little more skewed toward Q4, which is aligned with our normal seasonality. But overall, if you look ahead to the full year, we are expecting a mid teen sales growth. With an adjusted EBITDA margin of about 24%. And that is 100 basis points of organic margin expansion year over year. Matt Summerville: Understood. Thank you. Operator: Thank you. 1 moment for our next question. Thank you. Our next question comes from the line of Michael Halloran of Baird. Your line is now open. Trent: Hey, guys. Good morning. This is Trent on for Mike. Aaron W. Saak: Morning, Trent. Hey. Trent: So quick question on the first 1 here. Just good to see Antares moving higher right out of the gates Just any color on the confidence there and what you saw to raise expectations into this year? Aaron W. Saak: Yeah. Hey. Thanks for that, Trent. Bottom line is my confidence is very high. In how we are executing Antares. It is 150 days in now. Post the close of the acquisition as I mentioned in the prepared remarks, we have really had a lot of good early success in implementing and driving CBS. To get after our synergies, and that is going very well. And as you know, it opens up for us here at Crane NXT these new exciting markets in pharmaceutical, track and trace technology, and food and beverage, inspection and detection that I am more confident than ever. that is going to play out for us very well over the long term. So could not be more pleased with how the team is integrating into the company. How we are executing, and, again, gives us really high confidence as we look at the second half of the year. Trent: that is great. And then you know, as a follow-up, kind of on the flip side of here, it is not terribly surprising to see some pressure as it relates to the core CPI hardware and vending business. Just any thoughts to the state of the union where we are by end market? And what gives you kind of confidence in the outlook there based on the backlog or anything else you are seeing? I know book to bill was kind of flattening out, and you are starting to see sequential backlog growth. Just any help there would be helpful. Aaron W. Saak: Yeah. Thanks for that, Trent. So, you are right. You know, a little bit softer in the top line of CPI in Q2 driven by vending and hardware. And really in hardware that was in retail. Where we have just seen a little slowness in some of our larger projects. I think the key point here and you mentioned a few of these that I want to reiterate, are 1, sequential build in the backlog book to bill well above 1. And excellent execution by our team to drive organic margin expansion of over 200 basis points of margin expansion in the quarter. I think that is really best in class execution. When you look at where we are at on the top line, and over 100% free cash flow conversion. So, you know, CPI for us in this portfolio is driving this great free cash flow and high margins. And we are continuing to invest in areas we see growth, like services which continues to grow in mid single digits. So when you put that together, you know, we have adjusted the forecast. You saw that for the rest of the year. And have high confidence in the outlook. and, again, why we are overall raising guidance for the full year. Trent: Great. Great. Thanks, guys. I will pass it on. Operator: Thank you. 1 moment for our next question. Our next question comes from the line of Bob Labick of CJS Securities. Your line is now open. Bob Labick: Great. Good morning. Thanks for taking our questions, and congratulations on strong execution. Aaron W. Saak: Good morning, Bob. Thanks for that. Yeah. Bob Labick: So the portfolio is really taking shape here, and 1 of the benefits of creating NXT is the Crane Business System, CVS. And you have alluded to it, but can you maybe, like, elaborate a little bit more on some of the CBS actions taken in OPSEC and De La Rue to date some of your intentions for Antares? Absolutely, Bob. Aaron W. Saak: And I appreciate you mentioning that because sometimes it can get lost What really matters with CBS not as just saying that we have tools and resources, but it is got to drive outcomes. And that is gotta drive quality, delivery, cost and productivity in the P&L. And that is what you are seeing in the authentication business. Where we had organic margin expansion in authentication over 300 basis points. In the quarter, and that CBS in action. And it is coming from how we are doing 80/20 on the product lines to reduce those at lower margins and move up to higher gross margins, we are seeing that come through. We are also seeing it in consolidation of the footprint of the business. And that is very tangible when you go to the business. In fact, Christina and I were just there earlier this week to our facility in The United States and I would say it is a transformation. that is occurred and how we are running the business day to day as you walk through those factories, the optimization that is occurred on the factory floor and you see it, in our CBS daily management boards and the Kaizen schedule that is being run. Case in point in our facility here in The US, we are going to run about 1 Kaizen a month for the next several months all around driving productivity, and that is what is driving the hundreds of basis points of margin improvement in authentication. The exact same thing is happening in Antares Vision. I was there 2 weeks ago again with Christina, and we toured the floor, and you already see the transformation occurring in the operation. And that is what gives us high confidence in the margin expansion we are going to see through the balance of 2026 and onwards through the implementation of Kaizen's in that business. So feel very good about it. it is tangible. it is real. it is not hypothetical. And you see it in our outcomes. Bob Labick: Okay. Yeah. that is wonderful. And then I think in the past, you have given us a sense of the authentication assets margins. It sounds like you may be even a little ahead of schedule. But could you remind us kind of where they started the year, where you expect them to finish an authentication and how that sounds like it should be a tailwind to next year's margins as well if that is the case. Christina Cristiano: Yes. I will take that 1 to start here, Bob, and just want to repeat what Aaron said, is that we are on track and we are executing as planned. And the eightytwenty initiatives that we are doing in the first half will drive margin expansion to the end of the year. So we expect to end the year as a mid-teens EBITDA margin for authentication. And we will have mid single-digit revenue growth in the back half of the year to support that. So I think for the full year in SAT, what is important here is you will see at the segment level, a 100 basis points of margin expansion which is driven by the synergies that we are realizing in authentication. Bob Labick: Great. Thank you. Operator: Thank you. 1 moment for our next question. Thank you. Our next question comes from the line of Bob Brooks of Northland Capital Markets. Your line is now open. Bobby Brooks: Hey, good morning team and thank you for taking my question. Aaron W. Saak: Good morning. Christina Cristiano: Good morning. Bobby Brooks: With DTT just wanted to unpack that a little bit. So the hardware and vending kind of continues to be a bit of a drag. And just wanted to kinda get your sense of comfort or the level of visibility you have to that inflecting back to positive growth? Is something with the year over year comps? Just trying to get a better sense of that. Aaron W. Saak: Yeah. I appreciate the question. So I think as you look at the back half of the year, and as Christina mentioned, in Q3 for CPI inside of the DTT segment, you will see kind of a low single digit decline in Q3 and then building and accelerating to a low single digit growth in the Q4 period. So feel very good about that. that is why we made the adjustment. We see it in the fact that we are seeing sequential backlog growth Book to bills are above 1. We have the line of sight to some of the projects that typically take, you know, a quarter or 2 to deliver. So, again, feel very confident there, and the team's executing really in a brilliant way with driving the margin expansion. Which gives us high confidence in great flow through into the EBITDA line and very strong free cash flow which is the hallmark of this business. So I think we feel very good. About where we are going to go in the second half. Bobby Brooks: Got it. So is it fair to think that the that backlog gives you pretty good visibility over the next 3 quarters, or is it just really over the next 2? Aaron W. Saak: it is shorter, Bob. Yeah. You know, CPI is a little bit more of a book and bill business. So backlog is at a normal level. Has been for the last few quarters. I think a key point is it is sequentially higher, so it is building coming out of Q2, and that feels good. Bobby Brooks: Got it. And then just on Ontarius Vision, seems like things really going well there. Could you maybe just touch on, like, any early signs of benefits that might have not initially been expected, whether that is cross sell like, cross selling probably cross selling opportunities have not occurred yet, but just whether it is synergies on the on the cost side or maybe some cross selling opportunities you fit that you did not necessarily maybe appreciate enough after but now having it under your belt for a hundred and 50 days, those have popped up. Just wanted to hear more there. Aaron W. Saak: Yeah. Thanks for that, Bob. Let me let me start first kind of with what is easier in our control, and it goes back to Bob Labick's question around CBS. I think culturally, the work that is been done here to execute CVS and get at the operational synergies has gone as well as we could have ever expected and is, in parts, the best I have seen. And that is really a testament to the culture of the team at Antares vision. of really embracing with open arms the of continuous improvement with CBS and seeing the opportunity we saw and why we got so excited about the acquisition over the last 2 years. that is gone very well. We have inserted talent from Crane NXT into the business to get at those synergies and get at them early. Again, going well. Now the second part of your question is a really good 1 because we are seeing opportunities both between our authentication business of using and importing technology from authentication in particularly to the pharmaceutical in markets that we knew was possible and we are really working very diligently on that. Between both businesses as well as using some of the contacts we have in our currency business in emerging markets to foster access into governments as they look at better ways to do the track and tracing of their pharmaceuticals in the markets where we also supply those governments currency. So those take longer to play out, but directionally, they are correct. And that sales motion and product development motion is occurring. And those are dividends that are going to play out in 2027 and beyond. Bobby Brooks: Really appreciate the color. Great. Congrats on a strong quarter. Operator: Thank you. 1 moment for our next question. Thank you. Our next question comes from the line of Ian Zaffino of Oppenheimer. Your line is now open. Ian Zaffino: My question would be again on DTT. How are we thinking about the rest of the business? I know you kind of called out vending, but maybe give us a sense as far as the other parts of the legacy CPI business I am talking about. Aaron W. Saak: So specifically. Yeah. And how we expect margins to kind of move. Right? Because It gives different margin profiles of each component of legacy CPI. Ian Zaffino: Thank you. Aaron W. Saak: Sure thing, Ian. Thanks for the question. So, you know, the way we run CPI and talk about it are in 3 components. there is our vending business, which is, call it, a flat to low single digit grower for the year. No real change in the outlook that we see long term for that or over the course of the next 2 quarters in vending, but it is a little bit below the fleet average. In terms of EBITDA margins. Then you have our hardware business, which is providing components into gaming, financial services, and retail. that is where, again, the slowness came this quarter really in the retail segment from some of the custom projects just taking a little bit longer. We have visibility into that backlog. that is where we are seeing the sequential backlog growth. And brings with it a very high margin, particularly on gaming. Where we are by far the number 1 player in the world. In a very, you know, small market of competitors. So a fantastic franchise of high margin, high free cash flow from that business and then finally, services. Services growing in mid single digits. it is where we have made investments to expand outside of our servicing of our own components and the third party components. And that is going as expected. And we are doing upgrades in our software and in ways we are driving efficiency in that market. And we will see margin expansion. When you put that all together, to your last point, we expect again to see continued margin expansion in CPI and then ultimately in DTT this year. Both organically from the CPI business and then through some of the work that I alluded to in the other questions inside of Antares. So, hence, you saw this quarter really strong, over 100 basis points of margin expansion, in the quarter. We are gonna continue to see healthy margin expansion as we exit this year. In DTT. Ian Zaffino: Okay. And then just kind of staying on legacy CPI, how are you thinking about just that business and how it fits in your portfolio going forward? I mean, I just look at some of recent acquisitions you have done have been in a different kind of direction. They are performing well. But, you have the kind of some of this legacy stuff. So how are you thinking about it as far as where do you wanna be in this business? You know, going forward? How do you think the portfolio is going to look? And any other color you could give us there? Aaron W. Saak: Yeah. Well, I appreciate that question, Ian. So I am gonna go back to what we have been talking about now for the better part of a few years and we really honed in on that at our Investor Day in February that we are building the market leader in authentication and traceability technologies in TAMs that are big and growing with market tailwinds and we are positioned as the number 1 or number 2 provider of that technology into the end markets we are playing in. that is fundamentally the strategy, and we are building on those leadership positions we already had. In the legacy businesses with now Crane Authentication and Antares Vision and double the TAM of the company. Now, as you go on that journey, as you would expect, we are always assessing what is in our portfolio and how to best optimize that to drive shareholder value creation? And you can be assured that is something very topical and something we are always thinking about. Our focus today and for the next few quarters is making sure that we are executing well, that we are always assessing that portfolio to maximize value, and that we are cultivating and continuing to cultivate a very healthy list of M and A targets which we have in place, again, looking maybe more into 2027. Most likely for a next type of transaction for us to extend on some of our verticals. So it is a very active conversation and 1 where we are focused again on execution here. Ian Zaffino: All right. Thank you very much. Operator: Thank you. 1 moment for our final question. Our final question comes from the line of Zachary Walljasper of UBS. Your line is now open. Zach Walljasper: Thank you. I just had 1 quick question on SAT and the quarter. It performed well organically despite the tough comps. So can you just talk a little bit of the strength there? And then just trying to understand also the 2Q strength versus full year was there any pull ahead. And then just my other question is around Antares Vision. EBITDA margins seem to come in like that low double, mid teens range. Is there what is there an expectation out there for what it could be by year end or so? Thank you. Christina Cristiano: Yeah. I will throw in that 1, Zach. And just in terms of Q2 performance, another strong quarter. In SAT with 10% organic sales growth. And as Aaron said earlier, ~200 basis points of organic margin expansion. And we expect the full year organic sales growth to be about 3% to 4% in this segment with an EBITDA margin of about 25%. So the 1 thing to point out here, again, is the phasing in the back half, which is a little more skewed towards Q4. So just keep that in mind for the full year. But we continue to see strong demand, and most notably, we are on track to achieve the planned synergies that we outlined for authentication, and that is what is driving the margin improvement. Aaron W. Saak: I do not know, And, Zach, on Antares Vision, I am happy to take that on Antares. You know, again,, really executing as expected, perhaps a little bit better there to your point on the margins. Just to correct maybe 1 point there, we expect this to be in the kind of the teens adjusted EBITDA for the year. And over the next several years, we are going to grow that into the low twenties. That was always the investment case, and that is how it is playing out for us. It relates to Antares. So I just wanted to make sure that is how you are seeing adjusted EBITDA margins. Zach Walljasper: Got it. No, that is perfectly good and what I was expecting for us. So appreciate it. Thank you. Aaron W. Saak: Yeah. Thank you. Operator: This concludes the question-and-answer session. I would now like to turn it back to Aaron Saak for closing remarks. Aaron W. Saak: All right. Well, thank you very much, operator,, and thank you for all the questions today. I would like to end the call where I started with again thanking all of our Crane NXT team members around the world for the results they achieved. In Q2. It was their hard work and dedication that made it possible and why I have high confidence in raising our guidance for the full year. I think Q2 was another important proof point in delivering on our value creation priorities. I look forward to giving you an update next quarter on our progress. So thank you again, and have a great day. Operator: Thank you for your participation in today's conference. This does conclude the program. You may now disconnect. Before you buy stock in Crane Nxt, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Crane Nxt wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $403,337!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,334,946!* Now, it’s worth noting Stock Advisor’s total average return is 958% — a market-crushing outperformance compared to 214% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of August 12, 2026. This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Crane NXT (CXT) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

Interested in Crane NXT, Co.? Here are five stocks we like better. Strong second-quarter results: Crane NXT sales rose 22% year over year to $493 million, while adjusted EPS increased 13% to $1.10 and adjusted EBITDA margin expanded to approximately 23%. Full-year outlook raised: The company increased its 2026 adjusted EPS guidance to $4.22–$4.42 per share while maintaining 15%–17% sales growth and approximately 24% adjusted EBITDA margin expectations. Growth led by key segments: Security and Authentication Technologies benefited from international currency demand and a record $500 million backlog, while Antares Vision helped drive 26% growth in Detection and Traceability Technologies; Crane NXT also plans to use free cash flow to reduce leverage. Crane Stock Soars, But the Best Could Be Yet to Come: Here's Why Crane NXT (NYSE:CXT) reported second-quarter 2026 sales of $493 million, up 22% from a year earlier, as organic growth in its Security and Authentication Technologies business and contributions from Antares Vision supported results. The company raised its full-year adjusted earnings-per-share outlook following what management described as a strong first half of the year. Adjusted EBITDA was $115 million in the quarter, representing an adjusted EBITDA margin of about 23% and 150 basis points of organic margin expansion, according to Chief Financial Officer Christina Cristiano. Adjusted EPS increased 13% year over year to $1.10, while adjusted free cash flow totaled $79 million, for a conversion ratio of approximately 124%. → Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth Crane can fly to new highs in 2024 “We are executing against our value creation priorities, delivering growth, building on our leadership positions, and driving operational excellence through organic margin expansion and strong free cash flow,” President and Chief Executive Officer Aaron Saak said. Crane NXT raised its 2026 adjusted EPS guidance to a range of $4.22 to $4.42 per share. The revised outlook reflects higher expected sales in the Security and Authentication Technologies, or SAT, segment as well as an improved forecast for non-operating expense. → Sandisk Just Delivered a Blowout Quarter—Here's Why the Stock Is Falling The company maintained its forecast for total sales growth of 15% to 17% for the year and continues to expect adjusted EBITDA margin of approximately 24%. It lowered its forecast for non-operating expense to approximately $80 million from $85 million, citing anticipated debt paydown and lower borrowing costs. For the third quarter, Crane NXT expects low-double-digit sales growth overall and an adjusted EBITDA margin in the mid-20% range. SAT sales are expected to be flat to slightly down from the prior year because of a strong 2025 comparison, while Detection and Traceability Technologies, or DTT, sales are projected to rise in the mid-20% range. → 4 Oil and Gas ETF Plays as Prices Stay Sky-High Management said revenue in the second half will be more weighted toward the fourth quarter, in line with normal seasonality. Second-quarter SAT sales totaled $227 million, rising about 17% year over year. Organic sales increased approximately 10%, driven by sustained international currency demand. The segment also benefited from one month of contribution from the De La Rue Authentication acquisition, which closed in May 2025. Adjusted EBITDA in SAT was $59 million, with a 26% margin. Organic adjusted EBITDA margin expanded by about 200 basis points year over year, reflecting productivity actions in the currency business and planned authentication synergies. SAT backlog reached a record of approximately $500 million. Saak said the company is adding capacity through partnerships and through expansion of micro-optics facilities in the U.S. and Europe. He said the investments are intended to support high mid-single-digit growth in international currency over the next several years and eventually double the company’s micro-optics capabilities. Crane NXT now expects high-single-digit to low-double-digit SAT sales growth for the full year, supported by international currency backlog and customer demand. The company also renewed its U.S. passport paper contract with the U.S. Government Publishing Office, extending the relationship for another 10 years. Within authentication, management expects to end 2026 with a mid-teens EBITDA margin. Cristiano said the company expects mid-single-digit revenue growth in authentication during the second half and approximately 100 basis points of margin expansion for the SAT segment for the full year. DTT sales increased 26% year over year to $267 million, reflecting a full-quarter contribution from Antares Vision. The company expects Antares to contribute approximately $200 million to $210 million of sales in 2026, with the fourth quarter representing its largest quarterly contribution because of historical seasonality. Management said Antares had been part of Crane NXT for about 150 days at the time of the call and that integration efforts were progressing. Saak said the company has implemented the Crane Business System, including training and Kaizen events, to pursue productivity and margin-improvement opportunities. Antares backlog was approximately $125 million within DTT’s total segment backlog of $257 million. Crane NXT expects to deliver that Antares backlog over the next 12 months. Saak said the company expects Antares to generate adjusted EBITDA margins in the teens for 2026 and to increase those margins into the low 20% range over the next several years. He also cited potential longer-term opportunities to apply authentication technology in pharmaceutical markets and leverage currency-business relationships in emerging markets for pharmaceutical traceability initiatives. Crane Payment Innovations, or CPI, faced softer hardware demand, particularly in retail-related custom projects, while services continued to grow in the mid-single digits. CPI backlog was approximately $132 million at quarter-end, up about 10% sequentially, and the business reported a book-to-bill ratio of approximately 1.1 times. Despite softer hardware demand, DTT expanded organic EBITDA margin by approximately 240 basis points through pricing discipline and productivity actions. Management expects CPI sales to decline in the low single digits in the third quarter before improving to low-single-digit growth in the fourth quarter. For the full year, Crane NXT expects CPI sales to be slightly down, including mid-single-digit services growth, low-single-digit vending growth and a mid-single-digit decline in hardware sales. Crane NXT ended the quarter with net leverage of approximately 2.7 times. The company plans to direct free cash flow toward debt reduction and expects to end 2026 with net leverage of about 2.3 times. Management maintained its expectation for full-year free-cash-flow conversion of 90% to 110%. Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers' important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Crane NXT Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

This article first appeared on GuruFocus. Release Date: August 06, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Organic sales grew 3% and total sales increased 22% year-over-year, driven by strong SAT performance and the Antares Vision acquisition. Adjusted EPS of $1.00 increased 13% year-over-year and exceeded expectations, leading to a raised full-year guidance to $4.22-$4.42. SAT backlog reached a record high of approximately $500 million, providing strong visibility and confidence in future demand. DTT expanded organic EBITDA margin by approximately 240 basis points despite softer hardware demand, showcasing pricing discipline and productivity. Adjusted free cash flow conversion was strong at 124% in Q2, with full-year conversion expected at 90-110%. The US passport contract was renewed for another 10 years, reinforcing long-term government partnerships. Antares Vision integration is progressing well, with early CBS implementation and synergy realization exceeding expectations. CPI hardware demand remained soft, particularly in retail, leading to a mid-single-digit decline expected for the full year. SAT sales are expected to be flat to slightly down in Q3 due to tough year-over-year comparisons. CPI backlog visibility is limited to a short-term basis, with a book-and-build business model. Net leverage remains elevated at 2.7 times, though expected to decline to 2.3 times by year-end. DTT's Antares Vision contribution is expected to be seasonally weighted to Q4, creating uneven quarterly performance. CPI vending and hardware growth are sluggish, with vending only expected to grow at low single digits. The company faces ongoing portfolio optimization pressure, with legacy CPI businesses potentially under strategic review. Warning! GuruFocus has detected 5 Warning Signs with CXT. Is CXT fairly valued? Test your thesis with our free DCF calculator. Q: How much capacity is being added for the currency business, and what should we read into the fact that you are now booking out into 2028? A: Aaron Saak (President and CEO) stated that the company is incredibly bullish on the currency business, with backlog reaching another all-time high. They are adding capacity quickly through partnerships and the build-out of micro-optic facilities in the US and Europe. This investment supports sustaining high mid-single-digit growth in international currency for the next few years, ultimately leading to a doubling of micro-optics capabilities over the next several years, positioning them well for 2026, 2027, and 2028. Q: Can you provide more granularity on the expected Q3 and Q4 revenue and earnings cadence across the two reportable segments? A: Bettina Cristiano (CFO) explained that Q3 will see low double-digit sales growth overall with a mid-20% EBITDA margin. SAT will see a low single-digit decline due to tough 2025 comparisons, while DTT will see mid-20% growth with Antares contributing $55-60 million. CPI will be down low single-digits. Revenue phasing in the back half will be more skewed toward Q4, aligning with normal seasonality. For the full year, they expect mid-teens sales growth with an adjusted EBITDA margin of about 24%, representing 100 basis points of organic margin expansion. Q: What gives you confidence in the Antares Vision integration, and what did you see to raise expectations for the year? A: Aaron Saak (President and CEO) expressed very high confidence in the execution of the Antares integration, now 150 days post-close. Early success in implementing the Crane Business System (CBS) to drive synergies is going well. The acquisition opens up exciting new markets in pharmaceutical track-and-trace technology and food and beverage inspection, making him more confident than ever in the long-term value creation and the second-half outlook. Q: What is the state of the core CPI hardware and vending business, and what gives you confidence in the outlook based on backlog? A: Aaron Saak (President and CEO) acknowledged softer top-line in CPI driven by vending and retail hardware project delays. However, he highlighted key positives: sequential backlog growth, a book-to-bill ratio well above 1, and excellent execution driving over 200 basis points of organic margin expansion. CPI continues to generate great free cash flow and high margins, with services growing mid single-digits, supporting the adjusted forecast and overall raised guidance. Q: Can you elaborate on the CBS actions taken in OpSec and De La Rue, and your intentions for Antares Vision? A: Aaron Saak (President and CEO) detailed that CBS is driving tangible outcomes, including over 300 basis points of organic margin expansion in authentication. This is achieved through 80/20 product line rationalization, footprint consolidation, and daily management with Kaizen events. The same transformation is already visible at Antares Vision, with talent inserted to drive synergies early, giving high confidence in margin expansion through 2026 and beyond. Q: Where did authentication margins start the year, and where do you expect them to finish? A: Bettina Cristiano (CFO) confirmed they are on track and executing as planned. The 80/20 initiatives in the first half will drive margin expansion, with authentication expected to end the year at a mid-teens EBITDA margin. This supports the full-year SAT segment margin expansion of 100 basis points, driven by realized synergies. Q: What is your level of visibility for CPI hardware and vending to inflect back to positive growth? A: Aaron Saak (President and CEO) stated that CPI will see a low single-digit decline in Q3, building to low single-digit growth in Q4. Confidence comes from sequential backlog growth, book-to-bill above 1, and line of sight to projects that typically take a quarter or two to deliver. The team's execution on margin expansion and strong free cash flow provides high confidence in the second half. Q: Are there any early signs of unexpected benefits from the Antares Vision acquisition, such as cross-selling opportunities? A: Aaron Saak (President and CEO) noted that operational synergies via CBS have gone as well as expected, with the Antares team embracing continuous improvement. Beyond that, they are seeing opportunities to import authentication technology into pharmaceutical markets and leverage currency business contacts in emerging markets for government track-and-trace solutions. These cross-selling dividends are expected to play out in 2027 and beyond. Q: How should we think about the different margin profiles of the legacy CPI business components (vending, hardware, services)? A: Aaron Saak (President and CEO) broke down CPI into three components: vending (flat to low single-digit grower, slightly below fleet average EBITDA margins), hardware (serving gaming, financial services, and retail, with high margins particularly in gaming where they are the number one player), and services (growing mid single-digits with investments in third-party servicing). Continued margin expansion is expected in DTT, driven by both CPI and Antares. Q: How are you thinking about the legacy CPI business and its fit in the portfolio going forward? A: Aaron Saak (President and CEO) reiterated the strategy of building a market leader in authentication and traceability technologies. While always assessing the portfolio to optimize shareholder value, the current focus is on execution. They are cultivating a healthy list of M&A targets, with the next transaction likely in 2027 to extend verticals, but no immediate changes to the portfolio composition were signaled. Q: Can you discuss the strength in SAT despite tough comps, and what are the margin expectations for Antares Vision by year-end? A: Bettina Cristiano (CFO) noted another strong quarter in SAT with 10% organic sales growth and approximately 200 basis points of organic margin expansion. Full-year organic sales growth is expected to be 3-4% with an EBITDA margin of about 25%. Aaron Saak (President and CEO) added that Antares Vision is executing as expected, with adjusted EBITDA in the mid-teens for the year, growing into the low 20s over the next several years, which was always the investment case. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Performance was driven by robust organic growth in the Security and Authentication Technologies (SAT) segment, fueled by sustained international currency demand. The company achieved 150 basis points of organic margin expansion through the application of the Crane Business System (CBS) to drive productivity and cost synergies. Management highlighted the successful first 100 days of the Antares Vision integration, noting rapid implementation of Kaizen events to improve operational efficiency. Strategic positioning was reinforced by a 10-year contract renewal for US passport paper, maintaining a 75-year partnership with the US Government Publishing Office. The SAT segment reached a record backlog of approximately $500 million, providing high visibility into future customer demand and supporting an increased sales outlook. Operational excellence in the Detection and Traceability Technologies (DTT) segment offset softer hardware demand in the retail sector through disciplined pricing and productivity actions. Full year adjusted EPS guidance was raised to a range of $4.22 to $4.42, reflecting confidence in international currency momentum and lower non-operating expenses. Management expects to double micro-optics capacity over the next several years to meet high probability tenders and sustained mid-single digit growth in international currency. The DTT segment is projected to reach an adjusted EBITDA margin of approximately 27% by year-end as Antares Vision integration synergies materialize. Guidance assumes a seasonal revenue skew toward the fourth quarter, particularly for Antares Vision, which is expected to contribute $200 million to $210 million for the full year. The company plans to prioritize free cash flow for debt reduction, targeting a net leverage ratio of approximately 2.3x by the end of 2026. The hardware business within CPI is experiencing a mid-single-digit decline due to slowness in large retail projects and delayed custom project deliveries. Non-operating expense forecasts were lowered to $80 million from $85 million due to favorable debt paydown impacts and lower borrowing costs. The De La Rue authentication acquisition, closed in May 2025, contributed to a 17% year-over-year sales increase in the SAT segment. Management noted that Q3 SAT sales are expected to be flat to slightly down year-over-year due to a very difficult comparison against a strong Q3 2025. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management is adding capacity through partnerships and building out micro-optics facilities in the US and Europe to support a backlog extending into 2028. The international currency business is expected to sustain high mid-single digit growth for the next several years. Confidence is high following 150 days of integration, with CBS driving operational synergies in pharmaceutical and food and beverage markets. Management is exploring cross-selling opportunities by leveraging currency business contacts in emerging markets to introduce track and trace technology to governments. Authentication achieved over 300 basis points of organic margin expansion in the quarter through 80/20 product line optimization and footprint consolidation. The business is on track to reach mid-teens EBITDA margins by the end of the year. While focused on current execution, management is actively cultivating a list of M&A targets for 2027 to extend into new verticals. The company continuously assesses the portfolio to ensure it maximizes shareholder value, particularly regarding legacy assets.

Crane NXT (CXT) came out with quarterly earnings of $1.1 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +5.77%. A quarter ago, it was expected that this maker of engineered industrial products would post earnings of $0.56 per share when it actually produced earnings of $0.6, delivering a surprise of +7.14%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Crane NXT, which belongs to the Zacks Technology Services industry, posted revenues of $493.2 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.07%. This compares to year-ago revenues of $404.4 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Crane NXT shares have added about 16.2% since the beginning of the year versus the S&P 500's gain of 13%. While Crane NXT has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Crane NXT was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.24 on $514.67 million in revenues for the coming quarter and $4.23 on $1.92 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Technology Services is currently in the bottom 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Esco Technologies (ESE), is yet to report results for the quarter ended June 2026. The results are expected to be released on August 6. This maker of smart meters and filtration products is expected to post quarterly earnings of $2.12 per share in its upcoming report, which represents a year-over-year change of +32.5%. The consensus EPS estimate for the quarter has been revised 1.1% lower over the last 30 days to the current level. Esco Technologies' revenues are expected to be $338.51 million, up 14.2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Crane NXT, Co. (CXT) : Free Stock Analysis Report ESCO Technologies Inc. (ESE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Delivers Sales Growth of 22%; Raises Full Year Adjusted EPS Guidance WALTHAM, Mass., Aug. 05, 2026 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE: CXT) ("Crane NXT" or the "Company"), a global leader in authentication and traceability technologies, today announced its financial results for the second quarter ended June 30, 2026. Second Quarter 2026 Highlights Sales of $493 million, up 22% year-over-year; organic sales growth of 3%. GAAP earnings per diluted share (EPS) of $0.61, and Adjusted EPS of $1.10, increasing 13% year-over-year. Cash from operations of $86.7 million; Adjusted free cash flow conversion of 124%. The Company is raising its full year Adjusted EPS guidance to a range of $4.22 to $4.42 from $4.10 to $4.40. Aaron W. Saak, Crane NXT's President and Chief Executive Officer, stated: “We had strong operational performance in Q2, delivering on our value creation priorities of accelerating growth, building on our leadership positions, and driving operational excellence. With our strong first-half performance, and expected continued momentum, we are raising our full-year Adjusted EPS guidance to a range of $4.22 to $4.42.” Mr. Saak continued: “I’m pleased with the progress we’ve made during our first 90 days with the integration of Antares Vision. We are quickly implementing the Crane Business System to drive growth and margin expansion. As our performance shows, we are executing on our strategic priorities and are well positioned to deliver meaningful long-term value creation for our shareholders.” Summary of Second Quarter 2026 Results Second quarter 2026 net income attributable to common shareholders was $35.4 million, or $0.61 per share. Net income margin was 7.2%. Continued strong demand in the Currency business, cost saving actions in Crane Authentication and the sales benefit from acquisitions were partially offset by the impact of lower volumes in CPI. Adjusted EPS for the quarter was $1.10 which excludes acquisition related expenses and restructuring actions. Second quarter 2026 Adjusted EBITDA margin was 23.4%. Summary of Second Quarter 2026 Segment Financial Results Security and Authentication Technologies ("SAT") Detection and Traceability Technologies ("DTT") Full Year 2026 Guidance The Company is updating its full year guidance that was previously provided on May 6, 2026. Third Quarter 2026 Dividend Crane NXT announced its quarterly dividend of $0.18 per share for the third quarter of 2026. The dividend is payable on September 9, 2026, to shareholders of record as of August 31, 2026. Conference Call Crane NXT scheduled a conference call to discuss the second quarter financial results on Thursday, August 6, 2026, at 10:00 A.M. (Eastern). Interested parties may listen to a live webcast of the conference call by visiting the Events section of the Investor Relations section of the Company’s website. For those wishing to participate in the Q&A session of the call, please visit the Investors section of Crane NXT's website at www.cranenxt.com to pre-register. Pre-registration may be completed at any time up to the call start time. An accompanying slide presentation and a replay of the live event will also be available on the Company’s website. About Crane NXT, Co. Crane NXT is a global leader in authentication and traceability technologies that secure, detect, and authenticate what matters most to its customers. Through its two market-leading business segments, Security & Authentication Technologies and Detection & Traceability Technologies, Crane NXT provides innovative solutions that prevent the counterfeiting of products and identities and ensure the quality, authenticity, and traceability of products across the supply chain. Crane NXT’s approximately 6,000 employees help its customers protect their most important assets and ensure secure, seamless transactions around the world every day. For more information, visit www.cranenxt.com. Forward-Looking Statements Disclaimer This press release 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, including statements regarding outlook for 2026 or any other period, dividend payments, or the timing of any of the foregoing. Words such as “anticipate(s),” “expect(s),” “intend(s),” “believe(s),” “plan(s),” “may,” “will,” “would,” “could,” “should,” “seek(s),” and similar expressions, or the negative of these terms, are intended to identify such forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties and other important factors that could lead to actual results differing materially from those projected, forecasted or expected. The Company assumes no (and disclaims any) obligation to revise or update these statements to reflect future events or circumstances. Although the Company believes that the assumptions underlying the forward-looking statements are reasonable, it can give no assurance that its expectations will be attained. The Company cautions investors not to place undue reliance on any such forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from the Company's expectations include, but are not limited to: the impact of tariffs and other trade measures; changes in global economic conditions (including inflationary pressures) and geopolitical risks, including macroeconomic fluctuations; demand for its products, which is variable and subject to factors beyond its control; risks associated with conducting a substantial portion of its business outside the U.S., including the risk of tariffs and other trade measures by the U.S. and other countries; information systems and technology networks failures, breaches in data security, theft of personally identifiable and other information, and non-compliance with its contractual or other legal obligations regarding such information; being unable to identify or complete acquisitions, or to successfully integrate the businesses the Company acquires; fluctuation in the prices of, or disruption in its ability to source, components and raw materials, and delays in the distribution of its products; loss of personnel or being able to hire and retain additional personnel needed to sustain and grow its business as planned; being unable to successfully develop and introduce new products, which would limit its ability to grow and maintain its competitive position; governmental regulations and failure to comply with those regulations; the ability to protect its intellectual property; risks from litigation, claims and investigations, including those related to product liability and warranties, and employee, commercial, intellectual property and environmental matters; risks related to its ability to improve productivity, reduce costs and align manufacturing capacity with customer demand; significant competition in the Company's markets; additional tax expenses or exposures; adverse impacts from intangible asset impairment charges; inadequate or ineffective internal controls; and risks related to the separation in 2023 from Crane Company, including not obtaining the intended tax treatment of the separation transaction, failure of Crane Company to perform under the various transaction agreements and actual or potential conflicts of interest with Crane Company. Readers should carefully review Crane NXT, Co.’s financial statements and the notes thereto, as well as the section entitled “Risk Factors” in Item 1A of Crane NXT, Co.’s Annual Report on Form 10-K for the year ended December 31, 2025, as updated by its Quarterly Reports on Form 10-Q and the other documents Crane NXT, Co. and its subsidiaries file from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. CRANE NXT, CO. AND SUBSIDIARIESNon-GAAP Financial Measures(unaudited, in millions, except per share data) Crane NXT reports its financial results in accordance with U.S. generally accepted accounting principles (“GAAP”). This press release includes certain non-GAAP financial measures, including Adjusted EBITDA, Adjusted EBITDA margin, Adjusted EPS, free cash flow, and Adjusted free cash flow, that are not prepared in accordance with GAAP. These non-GAAP measures are an addition, and not a substitute for or superior, to measures of financial performance prepared in accordance with GAAP and should not be considered as an alternative to operating income, net income or any other performance measures derived in accordance with GAAP. The Company's management believes that these non-GAAP measures of financial results (including on a forward-looking or projected basis) provide useful supplemental information to investors about Crane NXT. However, there are a number of limitations related to the use of these non-GAAP measures and their nearest GAAP equivalents. For example, other companies may calculate non-GAAP measures differently or may use other measures to calculate their financial performance, and therefore the Company's non-GAAP measures may not be directly comparable to similarly titled measures of other companies. "Special items" are items that are not incurred in all periods, the size of these items is difficult to predict, and none of these items are indicative of the operations of the underlying businesses. Management believes that non-GAAP financial measures that exclude these items provide investors with an alternative metric that can assist in predicting future earnings and profitability that are complementary to GAAP metrics. Special items consist of: Transaction related expenses including acquisition related expenses such as incremental professional fees associated with closing and integration of acquisitions. Acquired intangible asset amortization. Acquisition related adjustments primarily reflect purchase accounting adjustments arising from acquisitions, including fair value step‑ups (such as the amortization of acquisition‑related inventory). These adjustments include the fair value remeasurement of the Company’s equity‑method investment in Antares Vision as of the acquisition date, as well as stock‑based compensation issued to Antares Vision senior management in connection with the acquisition, and debt extinguishment costs related to the early repayment of assumed debt. Restructuring and related costs are predominantly related to severance charges associated with the integration of the DLR and OpSec businesses, and the alignment of DTT's cost structure with existing economic conditions. These costs include formal restructuring programs as well as other discrete actions. Certain costs included in this adjustment are not reported as restructuring charges in the GAAP results due to their immateriality. Reconciliations of certain forward-looking and projected non-GAAP measures, including Adjusted segment EBITDA margin and Adjusted EPS, to the closest corresponding GAAP measure are not available without unreasonable efforts due to the high variability, complexity and low visibility with respect to the charges excluded from these non-GAAP measures, which could have a potentially significant impact on Crane NXT's future GAAP results. Crane NXT calculates Adjusted segment EBITDA margin and Adjusted EPS as described below. "Adjusted Segment EBITDA" excludes net interest expense, tax expense and depreciation and amortization expense from net income, as well as special items. "Adjusted segment EBITDA margin" is calculated as Adjusted segment EBITDA divided by sales. "Adjusted EPS" is calculated as Adjusted net income divided by diluted shares. Adjusted net income is calculated as net income excluding special items, the tax effect of these adjustments and other discrete tax items. The Company's management believes that each of the following non-GAAP measures provides useful information to investors regarding the Company’s financial conditions and operations: "Adjusted net income" and "Adjusted EPS" exclude special items, the tax effect of these adjustments and other discrete tax items which are outside of the Company's underlying business performance, some of which may or may not be non-recurring, and which management believes may complicate the presentation of the Company’s underlying earnings and operational performance. “Free cash flow,” “Adjusted free cash flow” and "Adjusted free cash flow conversion” provide supplemental information to assist management and investors in analyzing the Company’s ability to generate liquidity from its operating activities. The measure of free cash flow does not take into consideration certain other non-discretionary cash requirements such as, for example, mandatory principal payments on the Company’s long-term debt. Free cash flow is calculated as cash provided by operating activities less capital expenditures. Adjusted free cash flow is calculated as free cash flow adjusted for certain cash items which management believes may complicate the interpretation of the Company’s underlying free cash flow performance such as certain transaction related cash flow items. Adjusted free cash flow conversion is calculated as Adjusted free cash flow divided by Adjusted net income. These items are not incurred in all periods, the size of these items is difficult to predict, and none of these items are indicative of the operations of the underlying businesses. Management believes that non-GAAP financial measures that exclude these items provide investors with an alternative metric that can assist in predicting future cash flows that are complementary to GAAP metrics. "Adjusted EBITDA" and "Adjusted EBITDA margin" exclude net interest expense, tax expense, depreciation and amortization expense and special items. "Adjusted operating profit (loss)" excludes special items described above that impact operating profit. Management believes that non-GAAP financial measures that exclude these items provide investors with an alternative metric that can assist in predicting future earnings and profitability that are complementary to GAAP metrics. "Net leverage ratio" refers to Net debt divided by trailing twelve months (TTM) pro forma Adjusted EBITDA. "Net debt" represents total debt (excluding deferred financing costs), including acquired debt from Antares Vision acquisition, less cash and cash equivalents. The TTM Adjusted EBITDA includes the Antares Vision TTM Adjusted EBITDA for periods prior to the acquisition. Management believes that these non-GAAP financial measures provide useful information about our ability to satisfy our debt obligations. References to "organic," such as "organic sales", "organic Adjusted EBITDA" exclude currency effects and, where applicable, the first-year impacts of acquisitions and divestitures. Management believes that non-GAAP financial measures that exclude these items provide investors with an alternative metric that can assist in identifying underlying growth trends in our business and facilitate comparison of our sales performance, for example, with prior and future periods that are complementary to GAAP metrics.