Crane NXT, Co.
Business
Crane NXT provides proprietary micro-optics, detection, sensing, and digital authentication solutions for payment systems, banknote production, brand protection, and anti-counterfeiting. The company offers electronic equipment and software for payment verification and secure product identification. Operations span two reportable segments: Crane Payment Innovations, providing payment automation and detection systems, and Security and Authentication Technologies, delivering authentication solutions for banknotes, consumer products, and digital platforms. The company serves government agencies, financial institutions, and commercial brands globally.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 1,657 | 1,487 | 1,391 | 1,340 | 1,345 | |
| Cost of sales | 953 | 822 | 737 | 714 | 746 | |
| Selling, general and administrative | 440 | 386 | 367 | 319 | 323 | |
| Restructuring charges | 17 | 10 | 500,000 | 6 | −4 | |
| Operating profit | 247 | 269 | 287 | 301 | 279 | |
| Interest income | 1 | 2 | 1 | 200,000 | 100,000 | |
| Equity investment (loss) gain | −12 | 800,000 | 0 | — | — | |
| Miscellaneous income, net | 5 | 3 | 3 | 3 | 5 | |
| Total other expense, net | −66 | −42 | −47 | −53 | −53 | |
| Income before income taxes | 181 | 226 | 240 | 248 | 226 | |
| Provision for income taxes | 36 | 42 | 52 | 43 | 48 | |
| Net income before allocation to noncontrolling interest | 145 | 184 | 188 | 205 | 178 | |
| Net Income (Loss) Attributable to Noncontrolling Interest | 0 | 0 | 0 | 0 | 0 | |
| Basic (in dollars per share) | 2.53 | 3.22 | 3.31 | 3.61 | 3.14 | |
| Diluted (in dollars per share) | 2.5 | 3.19 | 3.28 | 3.61 | 3.14 | |
| Basic (in shares) | 57 | 57 | 57 | 57 | 57 | |
| Diluted (in shares) | 58 | 58 | 58 | 57 | 57 | |
| Net income | 145 | 184 | 188 | 401 | 435 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2023 2023-03-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 234 | 166 | 227 | — | 231 | |
| Accounts receivable, net | 352 | 266 | 215 | — | 205 | |
| U.S. and foreign taxes on income | 13 | 9 | 0 | — | — | |
| Inventories, net | 170 | 145 | 157 | — | 146 | |
| Other current assets | 85 | 57 | 45 | — | 42 | |
| Total current assets | 853 | 643 | 644 | — | 623 | |
| Property, plant and equipment, net | 304 | 272 | 261 | — | 262 | |
| Long-term deferred tax assets | 3 | 2 | 3 | — | 6 | |
| Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 139 | 1 | — | — | — | |
| Intangible assets, net | 557 | 419 | 309 | — | 345 | |
| Goodwill | 1,164 | 957 | 841 | — | 837 | |
| Other assets | 97 | 92 | 71 | — | 57 | |
| Total assets | 3,116 | 2,387 | 2,129 | — | 2,129 | |
| Short-term borrowings | 135 | 210 | 5 | — | 300 | |
| Accounts payable | 132 | 117 | 107 | — | 110 | |
| Accrued liabilities | 273 | 211 | 211 | — | 204 | |
| U.S. and foreign taxes on income | 29 | 25 | 13 | — | 18 | |
| Total current liabilities | 569 | 562 | 334 | — | 631 | |
| Long-term debt | 1,004 | 541 | 640 | — | 545 | |
| Accrued pension and postretirement benefits | 19 | 19 | 23 | — | 21 | |
| Long-term deferred tax liability | 151 | 119 | 105 | — | 110 | |
| Other liabilities | 116 | 80 | 64 | — | 39 | |
| Total liabilities | 1,860 | 1,322 | 1,165 | — | 1,346 | |
| Commitments and contingencies (Note 13) | — | — | — | — | — | |
| Redeemable noncontrolling Interests | 7 | 0 | — | — | — | |
| Preferred shares, par value 0.01; 5,000,000 shares authorized | 0 | 0 | 0 | — | 0 | |
| Common shares, par value $1.00; 200,000,000 shares authorized; 72,441,647 shares issued; 57,441,541 shares and 57,197,147 shares outstanding as of December 31, 2025 and 2024, respectively | 72 | 72 | 72 | — | 0 | |
| Capital surplus | 1,717 | 1,720 | 1,728 | — | 0 | |
| Retained earnings | 375 | 268 | 121 | — | 0 | |
| Accumulated other comprehensive loss | −100 | −173 | −119 | — | −132 | |
| Treasury stock; 15,000,106 and 15,244,500 treasury shares as of December 31, 2025 and 2024, respectively | −811 | −823 | −839 | — | 0 | |
| Total shareholders equity | 1,253 | 1,065 | 964 | — | 784 | |
| Nonredeemable noncontrolling interests | −3 | 0 | — | — | 3 | |
| Total equity | 1,250 | 1,065 | 964 | — | 784 | |
| Total liabilities, redeemable noncontrolling interests, and equity | 3,116 | 2,387 | 2,129 | — | 2,129 | |
| Common shares, outstanding (in shares) | 57 | 57 | 57 | — | 56 | |
| Preferred shares, authorized (in shares) | 5 | 5 | 5 | — | 5 | |
| Preferred shares, par value (in dollars per share) | 0.01 | 0.01 | 0.01 | — | 0.01 | |
| Common shares, authorized (in shares) | 200 | 200 | 200 | — | 200 | |
| Common shares, par value (in dollars per share) | 1 | 1 | 1 | 1 | 1 | |
| Common shares, issued (in shares) | 72 | 72 | 72 | — | 72 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 107 | 87 | 78 | 79 | 82 | |
| Stock-based compensation expense | 13 | 11 | 10 | 9 | 9 | |
| (Gain) loss on forward contracts | −5 | 3 | 0 | 0 | — | |
| Defined benefit plans and postretirement credit | −800,000 | −2 | −1 | −300,000 | −1 | |
| Deferred income taxes | −15 | −18 | 8 | −28 | 8 | |
| Cash used for operating working capital | −17 | −51 | 0 | 39 | 6 | |
| Other | 3 | 700,000 | −6 | 3 | −800,000 | |
| Total provided by operating activities | 242 | 214 | 276 | 306 | 277 | |
| Payment for acquisitions, net of cash acquired | −391 | −270 | 0 | 0 | 0 | |
| Purchase of investments | −117 | 0 | 0 | — | — | |
| Capital expenditures | −43 | −45 | −31 | −21 | −19 | |
| Settlement of forward contracts | 2 | −3 | 0 | — | — | |
| Payments for (Proceeds from) Productive Assets | 100,000 | 0 | 0 | — | — | |
| Total used for investing activities | −549 | −318 | −31 | −21 | −16 | |
| Dividends paid | −39 | −37 | −24 | 0 | 0 | |
| Proceeds from share subscriptions | 21 | 0 | 0 | — | — | |
| Proceeds from stock options exercised | 3 | 3 | 5 | 0 | 0 | |
| Payment of tax withholding on equity awards vested | −6 | −7 | −600,000 | 0 | — | |
| Debt issuance costs | −22 | −3 | −6 | 0 | 0 | |
| Repayment of long-term debt | 0 | 0 | −300 | 0 | 0 | |
| Proceeds from revolving credit facility | 407 | 449 | 20 | 0 | 0 | |
| Repayment of revolving credit facility | −491 | −239 | −20 | 0 | 0 | |
| Proceeds from term loans | 532 | 0 | 350 | 0 | 0 | |
| Repayment of term loan | −41 | −105 | −245 | 0 | 0 | |
| Net transfers to Crane | 0 | 0 | −33 | −135 | −298 | |
| Total provided by (used for) financing activities | 364 | 62 | −253 | −135 | −298 | |
| Effect of exchange rates on cash, cash equivalents and restricted cash | 17 | −12 | 4 | −20 | −7 | |
| Increase (decrease) in cash, cash equivalents and restricted cash | 73 | −54 | −4 | 130 | −44 | |
| Accounts receivable | −47 | −44 | −6 | 300,000 | −22 | |
| Inventories | 5 | 21 | −1 | −13 | 9 | |
| Other current assets | −16 | −9 | 0 | −600,000 | −15 | |
| Accounts payable | 6 | 6 | −7 | 14 | 22 | |
| Accrued liabilities | 37 | −28 | −3 | 34 | −4 | |
| U.S. and foreign taxes on income | −2 | 4 | 17 | 4 | 15 | |
| Interest paid | 56 | 44 | 45 | 41 | 41 | |
| Income taxes paid, net | 51 | 64 | 46 | 64 | 25 | |
| Unpaid capital expenditures | 3 | 7 | 7 | 3 | 4 | |
| Non-cash investing activities | 21 | 0 | 0 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Crane NXT, Co.'s CIK number?
Crane NXT, Co.'s SEC CIK number is 0000025445 (25445). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Crane NXT, Co.'s SEC filings?
All of Crane NXT, Co.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Crane NXT, Co. last report earnings?
Crane NXT, Co. (CXT) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000025445-26-000015). This is Crane NXT, Co.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Crane NXT, Co.'s most recent earnings 8-K?
Crane NXT, Co.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0000025445-26-000015. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Crane NXT, Co.'s latest earnings 8-K →
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