Every 10-Q that Crane (CXT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CXT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CXT filings page.
Crane NXT, Co. reported Q2 2026 net sales of $493.2 million, up 22.0% from $404.4 million, with net income attributable to common shareholders of $35.4 million versus $24.9 million. Diluted EPS was $0.61 compared with $0.43, and operating margin was 14.0% versus 11.8%, reflecting acquisitions, higher Currency volumes, pricing and cost‑saving actions, partly offset by acquisition‑related amortization and higher interest expense.
For the first six months of 2026, net sales were $880.9 million, up 19.9%, while net income attributable to common shareholders declined to $41.8 million from $46.6 million as financing and acquisition costs increased. The Security and Authentication Technologies segment grew sales 30.9% to $419.5 million and more than doubled operating profit, while Detection and Traceability Technologies increased sales 11.4% to $461.4 million but saw operating profit fall due to Antares Vision amortization and weaker organic hardware and vending demand.
The company completed its multi‑phase acquisition of Antares Vision for total consideration of $417.1 million, adding $277.1 million of goodwill and $230.6 million of intangible assets; Antares contributed $63.7 million of Q2 net sales and an operating loss of $5.4 million. As of June 30, 2026, total assets were $3,595.1 million, cash and cash equivalents $231.4 million, short‑term borrowings $193.9 million, and long‑term debt $1,260.0 million. Operating cash flow for the first half was $72.7 million, and remaining performance obligations were $755.5 million, most expected to be recognized by 2027.
Crane NXT reported higher first-quarter 2026 sales but sharply lower profit as it absorbed major acquisitions and restructuring costs. Net sales rose to $387.7M from $330.3M, helped by the De La Rue Authentication Solutions acquisition, strong banknote demand, and favorable currency.
Operating profit fell to $22.2M from $37.3M, and net income attributable to common shareholders dropped to $6.4M (earnings per diluted share $0.11) from $21.7M ($0.38 per diluted share). The decline reflected higher acquisition-related amortization, $3.1M of restructuring charges, stock-based compensation linked to the Antares Vision deal, and higher interest expense of $17.8M.
The company completed its multi-phase acquisition of Antares Vision with total consideration of $418.2M, adding $241.1M of goodwill and $251.2M of identifiable intangibles, and assumed $123.5M of debt. Cash from operations was a use of $14.0M, while investing cash outflows of $231.2M were dominated by the Antares Vision purchase and were largely funded by new Term Loan B borrowings, which increased total debt.
Crane NXT (CXT) reported Q3 results with net sales of $445.1 million, up 10.3% year over year, and diluted EPS of $0.87 versus $0.81. Net income attributable to common shareholders rose to $50.5 million from $47.1 million as operating profit increased to $81.9 million. Interest expense grew to $16.2 million, reflecting a higher debt load.
Segment mix shifted: Security & Authentication Technologies (SAT) sales climbed to $228.8 million (from $178.6 million), aided by the De La Rue Authentication Solutions (DLR) acquisition, while Crane Payment Innovations (CPI) slipped to $216.3 million (from $224.9 million) amid softer vending volumes. Year to date, operating cash flow was $135.7 million; cash and equivalents were $182.4 million. Long‑term debt increased to $834.3 million, including a £300.0 million term loan drawn to fund DLR, which closed for net cash of $391.1 million. The company also signed a $602 million 364‑day bridge facility to fund the announced Antares Vision deal (enterprise value ≈ €445 million), expected to begin closing in Q4 2025, subject to approvals. Common shares outstanding were 57,422,039 as of October 31, 2025.
Crane NXT (CXT) Q2-25 10-Q highlights
- Sales: Q2 revenue rose 9.1% YoY to $404.4 m; 1H-25 up 7.4% to $734.7 m. Growth came entirely from the May-24 OpSec and May-25 De La Rue Authentication (DLR) deals (+$26.7 m) and FX (+$10.1 m); organic sales slipped 0.8%.
- Profitability: Q2 operating profit fell 29% to $47.9 m as acquisition amortisation, $7.3 m restructuring expense and CPI volume weakness compressed margin to 11.8% (18.2%). Diluted EPS dropped to $0.43 (-40%); 1H EPS $0.80 (-42%).
- Segment mix: CPI sales down 6% to $211.4 m and operating margin down 420 bp to 23.2%. SAT sales up 32% to $193.0 m, but operating margin slid to 9.3% (16.4%) on acquisition-related charges.
- Cash & leverage: 1H operating cash flow $43.7 m (-34%). Net cash outflow from the $394 m DLR purchase lifted total debt to $1.13 bn (vs $750.6 m at FY-24) and cut cash to $152.5 m. Net debt/annualised EBITDA now ~3× (company not providing explicit guidance).
- Balance sheet changes: Goodwill +$211 m to $1.17 bn; intangibles +$173 m. Shareholders’ equity +10% to $1.17 bn, but accumulated OCI loss narrowed by $81 m on FX gains.
- Forward look: $592 m order backlog (70% to ship in 2025) and expected $10-15 m restructuring spend aimed at integrating OpSec/DLR and trimming CPI cost base.
Bottom line: Acquisitions accelerate top-line and diversify SAT, but near-term earnings and cash generation are pressured by integration costs and higher leverage.