Crane NXT, Co.

Listed Company

CXTCIK 0000025445NYSELarge AcceleratedMiscellaneous Fabricated Metal ProductsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.66B

Net Income

$145.10M

Total Assets

$3.12B

Equity

$1.25B

Shares Out

57.44M

Op. Cash Flow

$241.50M

Business

Crane NXT, Co. is a premier industrial technology company that provides proprietary technology solutions to secure, detect, and authenticate physical and digital assets. It offers advanced micro‑optics anti‑counterfeiting technologies, electronic detection and sensing equipment, digital authentication and content protection, payment automation and processing systems, and field service and remote diagnostics software. The company operates through two reportable segments: Crane Payment Innovations (CPI) and Security and Authentication Technologies (SAT). It serves brands, governments, financial institutions and payment markets through global research, manufacturing and sales operations across North America, Europe, Asia and other international channels.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	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

As of · In millions, except per-share amounts

Concept	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

Year Ended · In millions, except per-share amounts

Concept	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

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