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Crane NXT Q3 revenue rises 12%, slightly beats estimates

By Reuters News


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


Reuters Recommended Reads

  • Nov 2 - Chipmaker Onsemi revises Synaptics deal, Q3 results beat

  • Nov 3 - Eaton Q3 sales, EPS beat estimates on strong demand

  • Nov 3 - Thomson Reuters Q3 revenue, profit miss estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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