Crane NXT Co, a maker of industrial-technology products including ones for the gaming sector, saw its third-quarter net sales increase by 10.3 percent year-on-year, to US$445.1 million.
The company’s operating profit for the three months to September 30 stood at US$81.9 million, up 9.2 percent from a year earlier.
Third-quarter net income attributable to shareholders rose 7.2 percent year-on-year, to US$50.5 million, according to a Wednesday announcement.
Crane NXT announced its quarterly dividend of US$0.17 per share for the fourth quarter of 2025, payable on December 10.
The company said third-quarter revenue was “primarily driven by US$28.3 million, or 7.0-percent sales benefit” resulting from the acquisition in May this year of De La Rue Authentication Solutions, a supplier of security and authentication technologies.
The firm recorded a 1.4-percent increase in core sales during the reporting period, driven by the security and authentication technologies (SAT) segment, “partially offset by lower volumes” in its Crane Payment Innovations (CPI) business.
Operating profit margin in the July to September period was 18.4 percent, a decrease of 20 basis points from a year ago, due to the “impact of lower volumes in CPI and the dilutive impact of the De La Rue Authentication Solutions acquisition, partially offset by higher volumes in SAT and productivity gains in both segments,” stated the company.
The group’s CPI business – including its cashless technology offerings – recorded net sales of US$216.3 million in the three months to September 30, down 3.8 percent from the prior-year period. The segment’s operating profit fell by 6.0 percent, to US$60.7 million.
Third-quarter net sales in the SAT business rose 28.1 percent year-on-year, to US$228.8 million, and the segment’s operating profit stood at US$39.3 million, a 34.1-percent increase from a year earlier.
“Our third quarter results continue to show progress in the evolution of Crane NXT, with accelerating growth in our SAT segment, strong margins in CPI, and robust free cash flow,” stated Aaron Saak, Crane NXT’s president and chief executive, in prepared remarks.
The CEO said that given the “sustained momentum” in the SAT business, the company was increasing its full-year sales growth guidance to a range of 9 percent to 11 percent.
But the firm narrowed its adjusted earnings per share guidance to a range of US$4.00 to US$4.10, “primarily driven by ongoing macroeconomic uncertainty impacting demand in CPI,” noted Mr Saak.
Crane NXT announced in mid-September a “definitive agreement” to acquire a circa 30-percent stake in Antares Vision S.p.A. at a price of EUR5.00 (US$5.9) per share, for a total consideration of approximately EUR120 million.
After closing that first acquisition, Crane NXT will launch a mandatory tender offer in Italy for the remaining publicly traded shares of Antares Vision at the same price of EUR5.00 per share.
Mr Saak added in his prepared remarks: “I am excited to add Antares Vision to our portfolio in 2026, further positioning Crane NXT to accelerate growth as a market leader in detection, inspection, and authentication technologies.”
