Crane NXT Co, a maker of industrial technology products including ones for the gaming sector, reported net sales of US$404.4 million for the second quarter of 2025, up 9.1 percent from a year earlier.
The company however saw its second-quarter net income attributable to common shareholders decline by 40.1 percent year-on-year, to US$24.9 million, according to a Wednesday announcement.
Crane NXT announced its quarterly dividend of US$0.17 per share for the third quarter of 2025, payable on September 10.
Second-quarter operating profit for the firm was US$47.9 million, down 29.1 percent from a year ago.
The company said its second-quarter revenue was “driven by US$26.7 million, or 7.2-percent sales benefit” resulting from the US$270-million acquisition last year of OpSec Security Group Ltd, a provider of brand protection and authentication services, as well as from the acquisition in May this year of De La Rue Authentication Solutions, a supplier of security and authentication technologies.
Second-quarter operating profit margin was 11.8 percent, a decrease of 640 basis points from a year ago, “primarily driven by the impact of lower volumes in CPI [Crane Payment Innovations] and the dilutive impact of the OpSec Security and De La Rue Authentication Solutions acquisitions”.
The group’s CPI business – including its cashless technology offerings (example pictured) – recorded net sales of US$211.4 million in the three months to June 30, down 5.8 percent year-on-year. The segment’s operating profit fell by 20.2 percent, to US$49.0 million.
“Our second quarter results were in line with our expectations, with sales growth of approximately 9 percent and adjusted segment operating profit margin of approximately 24 percent. We are excited about the continued record high backlog in international currency and the positive momentum in CPI gaming orders,” stated Aaron Saak, Crane NXT’s president and chief executive, in prepared remarks.
“We continue to strengthen our leadership in the authentication market as we actively integrate De La Rue Authentication Solutions with OpSec Security, and we remain confident in the growth opportunities ahead,” he said.
The CEO added: “We are accelerating the realisation of operational synergies which we expect will drive significant margin expansion in the Security and Authentication Technologies segment in the coming years.”
