Crane | 10-Q: FY2025 Q3 Revenue Misses Estimate at USD 445.1 M

Revenue: As of FY2025 Q3, the actual value is USD 445.1 M, missing the estimate of USD 578.89 M.

EPS: As of FY2025 Q3, the actual value is USD 0.87.

EBIT: As of FY2025 Q3, the actual value is USD 97.8 M.

Crane Payment Innovations (CPI)

• Net Sales: Decreased by $8.6 million, or 3.8%, to $216.3 million in Q3 2025, driven by lower core sales of $10.1 million, partially offset by favorable foreign currency translation of $1.5 million.
• Operating Profit: Decreased by $3.9 million, or 6.0%, to $60.7 million in Q3 2025, reflecting lower volumes and unfavorable mix, partially offset by favorable pricing and productivity gains.
• Cost of Sales: Decreased by $4.4 million, or 3.9%, to $109.2 million in Q3 2025, driven by lower sales volumes.
• Selling, General and Administrative Expenses: Decreased by $1.4 million, or 3.0%, to $45.3 million in Q3 2025, driven by cost-saving actions.

Security and Authentication Technologies (SAT)

• Net Sales: Increased by $50.2 million, or 28.1%, to $228.8 million in Q3 2025, driven by the DLR acquisition, core sales growth, and favorable foreign currency translation.
• Operating Profit: Increased by $10.0 million, or 34.1%, to $39.3 million in Q3 2025, reflecting higher volumes, favorable mix, and productivity gains, partially offset by the dilutive impact of the DLR acquisition.
• Cost of Sales: Increased by $24.7 million, or 20.8%, to $143.3 million in Q3 2025, due to the DLR acquisition and related costs.
• Selling, General and Administrative Expenses: Increased by $13.1 million, or 42.7%, to $43.8 million in Q3 2025, due to the DLR acquisition and higher administrative expenses.

Outlook and Strategy

• Core Business Focus: Crane NXT plans to continue integrating recent acquisitions, such as DLR and OpSec, to enhance its portfolio in growing markets like Life Sciences and Food and Beverage. The company aims to complete the restructuring program in 2025, with total costs expected to be in the range of $10 million to $15 million.
• Non-Core Business: The company is monitoring global trade policies and tariff regulations, expecting to mitigate the majority of tariffs on operating profit with pricing and productivity initiatives.