Crane NXT, Co. (CXT) SEC Filings & Earnings Calls

DTT segment organic sales decline of 3.4% and operating margin contraction of 670bps indicate volume weakness and margin pressure in traceability technologies

“DTT Organic sales ($7.2M), -3.4% growth; DTT Operating profit margin 16.5% vs 23.2% prior year”

Overall Adjusted EBITDA margin declined 80bps YoY despite revenue growth, suggesting cost pressures or mix headwinds

“Adjusted EBITDA margin 23.4% vs 24.2% prior year”

Middle East conflict supply chain disruption

“During the quarter we experienced related supply chain and cost pressures, including higher freight costs and extended lead times.” · word for word

Integration risk from Antares Vision acquisition

“Operating profit decreased by $5.0 million, or 10.2%, to $44.0 million in 2026. The decrease reflects acquisition related amortization as a result of Antares Vision acquisition” · word for word

Leverage increase from acquisition debt

“Borrowed €317.9 million, or $366.9 million, under the Term Loan B to fund the acquisition of Antares Vision” · word for word

DTT segment organic sales decline of 5.1% indicates potential demand weakness in detection and traceability markets.

“DTT: Organic sales -5.1%”

Acquisition integration costs and restructuring actions impacting GAAP profitability.

“acquisition related expenses and restructuring actions; GAAP net income down 70.5%”

DTT Segment Demand Weakness

“Sales of Detection and Inspection products and solutions decreased by $9.8 million, or 5.8%, to $160.1 million in 2026. The decrease was driven by organic sales decline of $12.0 million, or 7.1%, due to lower hardware volumes.” · word for word

Acquisition Integration Risk

“Operating profit decreased by $15.1 million, or 40.5%, to $22.2 million in 2026. The decrease was driven by incremental costs related to acquisitions, such as higher transaction related expenses of $9.3 million, or 24.9%, and higher stock-based compensation expense as a result of the Antares Vision acquisition of $10.7 million, or 28.7%” · word for word

Leverage Increase

“We borrowed €317.9 million, or $366.9 million, under the Term Loan B to fund the acquisition of Antares Vision and assumed $123.5 million of Antares Vision debt” · word for word

No material risk; routine board refreshment.

“There were no arrangements or understandings pursuant to which Mr. Benck was elected as director” · word for word

Goodwill impairment risk

“As of December 31, 2025, we had goodwill and other intangible assets, net of accumulated amortization, of $1,721.2 million, which represented approximately 55% of our total assets.” · word for word

Tariff impact on demand

“While we continue to expect to be able to largely offset the impact of tariffs on operating profit with pricing and productivity initiatives, the broader economic implications resulting from market volatility may decrease customer demand and negatively impact revenue and profitability.” · word for word

Labor cost pressure

“We have recently observed an overall tightening and increasingly competitive labor market which has, and could continue to result in, higher compensation costs.” · word for word

Margin pressure in Security & Authentication segment due to higher manufacturing costs and acquisition dilution.

“Security and Authentication Technologies operating profit margin 14.4% decreased 590bps, adjusted margin 20.5% decreased 420bps.”

CPI segment demand weakness due to macroeconomic uncertainty

“Lower volumes in CPI; ongoing macroeconomic uncertainty impacting demand in CPI.”

Acquisition integration risk for Antares Vision

“Antares Vision acquisition expected to close H1 2026; integration and execution risk.”

Debt increase from acquisition funding

“Total debt increased to $1,081.9M from $750.6M due to Term Loan for De La Rue acquisition.”

CPI segment volume decline in vending and gaming

“Sales of Payment Acceptance and Dispensing Products decreased by $9.6 million, or 5.0%, to $181.3 million in 2025. The decrease was driven by a core sales decline of $11.1 million, or 5.8%, as favorable pricing was more than offset by anticipated lower volumes primarily in vending.” · word for word

Acquisition integration and dilution

“Operating profit decreased by $13.8 million, or 18.8%, to $59.7 million in 2025, reflecting the dilutive impact of the OpSec and DLR acquisitions due to acquisition related amortization and fair value step-up of $16.4 million.” · word for word

Under absorption of manufacturing overhead

“Cost of sales increased by $83.4 million, or 30.9%, to $353.5 million in 2025, due to ... under absorption of manufacturing overhead related to the planned equipment shutdown in the first quarter of 2025.” · word for word