Crane NXT Co (NYSE:CXT)

Q2 2026 Crane NXT, Co. Earnings Call Transcript

Aug 6, 2026 / 02:00 PM GMT

Release Date Price: $54.35 (+3.78%)

Transcript 10-Q8-K

Key Points

Positve

Organic sales grew 3% and total sales increased 22% year-over-year, driven by strong SAT performance and the Antares Vision acquisition.
Adjusted EPS of $1.00 increased 13% year-over-year and exceeded expectations, leading to a raised full-year guidance to $4.22-$4.42.
SAT backlog reached a record high of approximately $500 million, providing strong visibility and confidence in future demand.
DTT expanded organic EBITDA margin by approximately 240 basis points despite softer hardware demand, showcasing pricing discipline and productivity.
Adjusted free cash flow conversion was strong at 124% in Q2, with full-year conversion expected at 90-110%.
The US passport contract was renewed for another 10 years, reinforcing long-term government partnerships.
Antares Vision integration is progressing well, with early CBS implementation and synergy realization exceeding expectations.

Negative

CPI hardware demand remained soft, particularly in retail, leading to a mid-single-digit decline expected for the full year.
SAT sales are expected to be flat to slightly down in Q3 due to tough year-over-year comparisons.
CPI backlog visibility is limited to a short-term basis, with a book-and-build business model.
Net leverage remains elevated at 2.7 times, though expected to decline to 2.3 times by year-end.
DTT's Antares Vision contribution is expected to be seasonally weighted to Q4, creating uneven quarterly performance.
CPI vending and hardware growth are sluggish, with vending only expected to grow at low single digits.
The company faces ongoing portfolio optimization pressure, with legacy CPI businesses potentially under strategic review.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CXT.N - Crane NXT, Co.
Q2 2026 Crane NXT, Co. Earnings Call
Aug 06, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by.

Welcome to the Crane NXT second quarter 2026 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 star 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 call is being recorded.

I would now like to hand the conference over to your speaker today, Matt Roach, Vice President, Investor Relations.

Please go ahead.

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