Quarterly ResultMay 6, 2026, 04:32 PM
Crane NXT Q1 Net Sales $387.7M, EPS $0.11; Antares Vision Acquired
AI Summary
Crane NXT reported Q1 2026 net sales of $387.7 million, a significant increase from $330.3 million in Q1 2025. However, net income attributable to common shareholders decreased to $6.4 million ($0.11 EPS) from $21.7 million ($0.38 EPS) in the prior year, primarily due to higher operating costs, interest expense, and acquisition-related charges. The company completed its multi-phase acquisition of Antares Vision S.p.A. on March 31, 2026, for a total consideration of $418.2 million, leading to a restructuring of its reporting segments.
Key Highlights
- Net sales increased to $387.7M in Q1 2026 from $330.3M in Q1 2025.
- Net income attributable to common shareholders fell to $6.4M from $21.7M YoY.
- Diluted EPS decreased to $0.11 in Q1 2026 from $0.38 in Q1 2025.
- Completed Antares Vision acquisition for $418.2M, delisting it from Euronext Milan.
- Operating profit decreased to $22.2M from $37.3M YoY.
- Interest expense rose to $17.8M from $11.5M YoY.
- Dividends per share increased to $0.18 from $0.17 YoY.
- Total assets grew to $3,640.4M from $3,116.4M (Dec 31, 2025).
Price Impact
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