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]

Core Viewpoint - Crane NXT is positioned as an industrial technology company that specializes in securing, detecting, and authenticating critical items for its customers [1]. Company Overview - The presentation features key management personnel including President and CEO Aaron Saak, Senior Vice President and CFO Christina Cristiano, and VP of Investor Relations Matt Roache [2]. - The format includes a 10- to 15-minute overview followed by a fireside chat, allowing for client interaction through questions submitted via a portal [2].

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.

Company Overview - Crane NXT is a premier industrial technology company with approximately $1.6 billion in 2025 sales[9] - The company has approximately 50% recurring and reoccurring revenue[10] - The adjusted segment operating margin is approximately 25%[11] - Net leverage is approximately 2.3x[12] Business Segments - Crane Payment Innovations (CPI) has approximately $850 million in 2025 sales[18] - Security & Authentication Technologies has approximately $785 million in 2025 sales, including 8 months of De La Rue Authentication[18, 20] Customer Base - Approximately 65% of customers have been with the business for more than 20 years[16] - Sales by geography: Americas ~50%, APAC ~15%, Europe ~15%, MEA ~10%, SAT ~10%[15] Acquisition - Antares Vision has approximately €200 million in 2024 revenue and approximately 15% adjusted EBITDA margin[22]

Core Viewpoint - Crane NXT, Co. is set to announce its fourth quarter and full year 2025 results on February 11, 2026, after market close, with an earnings call scheduled for February 12, 2026, at 10:00 a.m. Eastern Time [1][3]. Company Overview - Crane NXT is a premier industrial technology company that offers trusted technology solutions for securing, detecting, and authenticating valuable assets for its customers [2]. - The company employs approximately 5,000 individuals who assist customers in protecting their most important assets and ensuring secure transactions globally [2].

Core Viewpoint - Crane NXT, Co. will participate in a fireside chat at the CJS Securities 26th Annual New Ideas for the New Year Conference on January 14, 2026, highlighting its commitment to engaging with investors and showcasing its industrial technology solutions [1]. Group 1: Event Details - The fireside chat will feature Aaron Saak, President and CEO, and Christina Cristiano, Senior Vice President and CFO [1]. - The event will be held virtually, with a live webcast available on Crane NXT's investor relations website [2]. - A replay of the webcast will be accessible for one year following the conference [2]. Group 2: Company Overview - Crane NXT is described as a premier industrial technology company that offers trusted technology solutions for securing, detecting, and authenticating important assets [3]. - The company employs approximately 5,000 individuals who assist customers in protecting their valuable assets and ensuring secure transactions globally [3]. - Crane NXT provides advanced technologies, sophisticated detection equipment, and proprietary products and services aimed at protecting brand identity [3].

Core Insights - The information technology sector has several oversold stocks, presenting potential buying opportunities for undervalued companies [1] Group 1: Oversold Stocks - Arm Holdings PLC has an RSI of 27.3, with a recent stock price of $114.03, and has seen a 15% decline over the past month [7] - Crane NXT Co has an RSI of 26.7, closing at $47.20, and has experienced a 14% drop in the last month [7] - BlackBerry Ltd has an RSI of 24, with shares closing at $3.77 after a 13% decrease over the past five days [7] Group 2: Analyst Ratings and Performance - Goldman Sachs downgraded Arm Holdings from Neutral to Sell, lowering the price target from $160 to $120 [7] - Baird maintained an Outperform rating for Crane NXT, reducing the price target from $88 to $82 [7] - BlackBerry reported Q3 revenue of $141.8 million, exceeding estimates, and achieved its strongest GAAP profitability in nearly four years [7]

Core Viewpoint - Crane NXT has completed the acquisition of approximately 32% of Antares Vision, marking a significant step in its strategy to expand into the Life Sciences and Food & Beverage sectors [1][3]. Acquisition Details - Crane NXT purchased the initial stake in Antares Vision at a price of €5.00 per share, totaling approximately €117 million [2]. - The acquisition followed the receipt of all required regulatory approvals [2]. Future Plans - The next step involves a mandatory tender offer for the remaining publicly traded shares of Antares Vision at the same price of €5.00 per share [3]. - Following the completion of the tender offer, Crane NXT plans to acquire the remaining stake owned by Regolo and delist Antares Vision, expected to be completed in 2026 [3]. Company Profiles - Crane NXT is an industrial technology company providing technology solutions for securing, detecting, and authenticating valuable assets [4]. - Antares Vision is an Italian multinational focused on product safety and supply chain transparency, primarily in the Life Sciences and Food & Beverage sectors [5].

Core Insights - Crane NXT reported Q3 CY2025 results that exceeded market revenue expectations, with sales increasing by 10.3% year-on-year to $445.1 million and a non-GAAP profit of $1.28 per share, which was 1.8% above analysts' consensus estimates [1][3][6] Financial Performance - Revenue for Q3 was $445.1 million, surpassing analyst estimates of $429.8 million, reflecting a year-on-year growth of 10.3% and a 3.6% beat [6] - Adjusted EPS was reported at $1.28, exceeding analyst estimates of $1.26 by 1.8% [6] - Adjusted EBITDA reached $122.4 million, beating analyst expectations of $117.7 million, with a margin of 27.5% [6] - Operating margin remained stable at 18.4%, consistent with the same quarter last year [6] - The backlog at the end of the quarter was $557 million [6] - Organic revenue increased by 1.4% year-on-year, against analyst expectations of a 1.7% decline, representing a 314.3 basis point beat [6] - Market capitalization stood at $3.52 billion [6] Strategic Outlook - Management revised the full-year adjusted EPS guidance down to $4.05 at the midpoint, indicating a 2.4% decrease due to ongoing weakness in the vending segment and higher costs associated with increased international production [4][6] - The company is focusing on expanding its authentication technologies and integrating recent acquisitions while capitalizing on favorable developments in U.S. currency redesigns, such as the upcoming launch of the new $10 bill [4][5] Segment Performance - The performance in the international currency business was strong, driven by robust order activity and new customer wins, particularly in Latin America [3] - CEO Aaron Saak highlighted that the company's micro-optics technology was specified in nine new currency denominations year-to-date, indicating ongoing demand for advanced anti-counterfeiting features [3] - Despite the strong performance in currency, there was noted softness in the CPI's vending segment, attributed to customer delays following recent price increases driven by tariffs [3][5]

Core Insights - Crane NXT's shares fell 6.1% after reporting third-quarter results that exceeded Wall Street estimates but lowered its full-year adjusted EPS forecast [1][2] Financial Performance - Revenue for the quarter increased by 10.3% year on year, reaching $445.1 million, while adjusted EPS was $1.28, surpassing expectations [2] - The company revised its full-year adjusted EPS guidance to a midpoint of $4.05, reflecting a 2.4% decrease from the previous forecast [2] Market Reaction - The stock market's reaction indicates that the news is considered significant, despite Crane NXT's shares being relatively stable with only six moves greater than 5% in the past year [4] - The recent drop in stock price suggests that investors are concerned about future profitability, overshadowing the solid quarterly performance [2][4] Stock Performance - Since the beginning of the year, Crane NXT's shares have increased by 3.8%, but are still trading 11.7% below their 52-week high of $68.91 [6] - An investment of $1,000 in Crane NXT's shares at the IPO in March 2023 would now be valued at $1,541 [6]