Q3 2025 Crane NXT Co Earnings Call Transcript
Key Points
- Crane NXT Co (CXT) reported a 10% year-over-year sales growth and an adjusted EPS of $1.28, indicating strong financial performance.
- The company achieved a free cash flow conversion ratio of 115% in Q3, surpassing their full-year target range of 90% to 110%.
- Crane NXT Co (CXT) is experiencing strong growth in its international currency business, with several new customer wins and a high backlog level.
- The acquisition of Antari's Vision is expected to expand Crane NXT Co (CXT)'s portfolio with advanced detection and inspection technologies, aligning with markets that have secular growth tailwinds.
- The US currency business is projected to grow in the high single-digits in 2026, driven by increased demand for higher denomination banknotes with advanced security features.
- The CPI segment experienced a 4% year-over-year decline in sales, primarily due to softness in the vending market and macroeconomic uncertainties.
- Crane NXT Co (CXT) is facing challenges from tariffs and broader macroeconomic uncertainties, impacting its short-cycle businesses.
- The company has narrowed its full-year EPS guidance to a range of $4 to $4.10, reflecting a cautious outlook.
- There is ongoing order softness in the vending business due to price increases from tariffs, leading to high single-digit declines.
- The integration of de la Rue's legacy products into Crane NXT Co (CXT)'s micro-optics technology is ongoing, with potential challenges in customer transition.
Good day and thank you for standing by. Welcome to the Crane NXT 3rd quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising your hand is raised.
To withdraw your question, please press 11 again.
Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your first speaker today, Matt Roach, Vice President of Investor relations. Please go ahead.
Thank you, operator, and good morning everyone. I want to welcome you all to the 3rd quarter 2025 earnings call for Crane NXT.
Before we begin, let me remind you that the slides we will reference during this presentation can be accessed via the investor relations section of our website at crane NXT.com, and a replay of today
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