Crane NXT Q3 revenue rises 12%, slightly beats estimates
Overview
Authentication tech firm's Q3 revenue rose 12% yr/yr, slightly beating analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Company raised midpoint of full-year adjusted EPS guidance and narrowed the range
Outlook
Crane NXT raises midpoint of 2026 adj EPS guidance to $4.32-$4.42
Company now sees 2026 sales growth at ~14%, down from prior +15% to +17%
SAT segment sales growth forecast at ~11%, DTT segment at high-teens for 2026
Result Drivers
CUSTOMER WINS - Co said long-term customer contracts contributed to Q3 performance, per CEO Aaron Saak
ACQUISITIONS - Acquisitions accounted for most of Q3 sales growth, with organic growth remaining modest
FREE CASH FLOW - Strong free cash flow generation cited as supporting financial flexibility and deleveraging, per CEO Aaron Saak
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Slight Beat* | $497 mln | $495 mln (7 Analysts) |
Q3 Adjusted EPS | Beat | $1.28 | $1.21 (7 Analysts) |
Q3 EPS | $0.66 |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electronic equipment & parts peer group is "buy"
Wall Street's median 12-month price target for Crane NXT, Co. is $65.55, about 9.2% above its November 3 closing price of $60.04
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)