Crane NXT CoCXT
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Raises full-year EPS guidance after strong Q2 results.
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Crane NXT CoCrane NXT reported second quarter net sales of $493.2 million, up 22.0% year over year, and raised its full-year adjusted EPS guidance to a range of $4.22 to $4.42. Organic sales grew 2.8%, driven by a 9.6% organic increase in the security and authentication technologies segment, while adjusted EBITDA rose 18.0% to $115.5 million with a margin of 23.4%. The company also reported record SAT backlog of $498.1 million and total backlog of $755.5 million, compared to $591.6 million a year ago. Management cited the integration of Antares Vision and strong international currency demand as key drivers, and projected net leverage to decline to approximately 2.3x by the end of 2026.
Crane NXT CoRaises full-year EPS guidance after strong Q2 results.