Crane NXT Co, a maker of industrial technology products, including those for the gaming sector, reported net sales of US$387.7 million for the first three months of 2026, 17.4-percent higher than a year earlier.
The company’s first-quarter operating profit however declined 40.5 percent year-on-year, to US$22.2 million. Cost of sales and general and administrative expenses rose 23.7 percent year-on-year, to US$362.4 million in the opening quarter of 2026.
First-quarter net income attributable to shareholders declined by 70.5 percent year-on-year, to US$6.4 million, according to a Wednesday announcement.
Currency business and the sales benefit from acquisitions were “offset by the impact of lower volumes” in Crane Payment Innovations (CPI) business and “acquisition related expenses,” the firm stated.
Adjusted earnings before interest, taxation, depreciation, and amortisation (EBITDA) stood at US$74.7 million in the three months to March 31, a 22.3-percent increase from a year earlier. Adjusted EBITDA margin was 19.3 percent, up from 18.5 percent in first-quarter 2024.
Aaron Saak, Crane NXT’s president and chief executive, said in prepared remarks that the firm’s first-quarter results “continue to show progress in the evolution of Crane NXT”.
“We have meaningfully expanded our capabilities as a global leader in authentication and traceability technologies and are well positioned to deliver long-term value for shareholders,” Mr Saak noted.
Crane NXT declared a second-quarter 2026 dividend of US$0.18 per share, to be paid on June 10.
On March 31, Crane NXT completed the acquisition of Italian firm Antares Vision SpA, a specialist in detection, inspection, and traceability services.
Crane NXT said on Wednesday that it was increasing its 2026 full-year sales guidance to a range of 15 percent to 17 percent higher year-on-year, inclusive of Antares Vision.
