Crane NXT (CXT) Q2 2026 earnings summary

Executive summary

• Achieved 22% year-over-year sales growth in Q2 2026, with 3% organic growth, driven by strong SAT performance and Antares Vision's contribution to DTT.

• Adjusted EPS rose 13% year-over-year to $1.10, prompting an increase in full-year adjusted EPS guidance to $4.22–$4.42.

• Integration of Antares Vision and De La Rue progressing well, supporting growth and margin expansion in DTT.

• Record backlog and margin expansion in SAT and DTT segments, with operational improvements and restructuring actions underway.

• Operating profit increased 43.8% to $68.9 million, with margin improvement to 14.0%.

Financial highlights

• Q2 2026 sales reached $493 million, up 22% year-over-year; adjusted EBITDA was $115.5 million with a 23.4% margin.

• Adjusted EPS for Q2 was $1.10, up from $0.97 in Q2 2025.

• Net income attributable to common shareholders was $35.4 million, up from $24.9 million in Q2 2025.

• Adjusted free cash flow was $79 million, with a conversion ratio of 124%.

• Operating cash flow for the first six months was $72.7 million, up from $43.7 million prior year.

Outlook and guidance

• Full-year 2026 sales growth expected at 15–17%; adjusted EBITDA margin guidance at ~24%.

• Raised full-year adjusted EPS guidance to $4.22–$4.42.

• SAT sales outlook increased to high single to low double-digit growth; DTT sales growth projected in the low 20s% range, with Antares Vision contributing $200–$210 million for the year.

• Adjusted free cash flow conversion expected at 90–110%.

• Quarterly dividend of $0.18 per share declared for Q3 2026.