Strong Sales Growth
Crane NXT reported a sales growth of approximately 10% year-over-year in Q3 2025, with adjusted EPS of $1.28, and a free cash flow conversion ratio of 115%.
International Currency Business Success
The international currency business exceeded expectations with several new customer wins, including a prominent country in Latin America. The business is on track to achieve the high end of its target for new denominations.
U.S. Currency Business Growth
The Federal Reserve's increased demand for higher denomination banknotes is expected to result in high single-digit growth for the U.S. currency business in 2026.
Service Business Expansion
CPI's service business achieved two significant wins, contributing to mid-single-digit ARR growth and building a resilient business for the long term.
Antares Vision Acquisition
Crane NXT signed an agreement to acquire Antares Vision, enhancing its portfolio with advanced detection and inspection systems for life sciences and food & beverage sectors.
Authentication Business Integration
Progress in integrating the authentication business by upgrading customers to micro-optics technology has improved margins and customer retention.