Quarterly ResultMay 6, 2026, 04:26 PM
Crane NXT Completes Antares Vision Acquisition; Q1 Sales Up 17%
AI Summary
Crane NXT, Co. announced its first quarter 2026 financial results, highlighted by the completion of the Antares Vision acquisition for approximately €362 million on March 31, 2026. The company reported a 17% year-over-year increase in sales to $388 million, with organic sales growing 6%. While GAAP diluted EPS was $0.11, Adjusted EPS reached $0.60. Crane NXT raised its full-year 2026 sales guidance to 15-17% growth, incorporating the acquisition, and maintained its Adjusted EPS guidance of $4.10 to $4.40.
Key Highlights
- Completed acquisition of Antares Vision for approximately €362 million on March 31, 2026.
- Q1 2026 sales increased 17% year-over-year to $388 million.
- Organic sales grew 6% in Q1 2026, in line with expectations.
- GAAP diluted EPS was $0.11, while Adjusted EPS reached $0.60.
- Increased full-year 2026 sales guidance to 15-17% growth, including Antares Vision.
- Maintained full-year 2026 Adjusted EPS guidance at $4.10 to $4.40.
- Security and Authentication Technologies (SAT) sales rose 51.3% to $192.8 million.
- Declared a quarterly dividend of $0.18 per share for Q2 2026.