Crane NXT Reports Q3 2026 Results with Growth Driven by Antares Vision Acquisition
Crane NXT (CXT) reported third-quarter revenue of $497.1 million, an 11.7% increase year-over-year, largely fueled by the acquisition of Antares Vision. While the Security and Authentication Technologies (SAT) segment showed organic strength with a 7.2% growth rate and near-record backlogs, the Detection and Traceability Technologies (DTT) segment faced headwinds. DTT saw negative organic sales growth of 5.3% due to softness in vending and hardware markets. Despite the revenue growth, adjusted EPS remained flat at $1.28 as higher operating profits were offset by increased interest expenses. Management has slightly raised its full-year adjusted EPS guidance to a midpoint of $4.37 but narrowed its total sales growth outlook to approximately 14%. The company is navigating market softness in CPI vending and delays in retail upgrade programs from major big-box retailers.
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