--- title: "Crane NXT | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 387.7 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285434585.md" datetime: "2026-05-06T20:37:31.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285434585.md) - [en](https://longbridge.com/en/news/285434585.md) - [zh-HK](https://longbridge.com/zh-HK/news/285434585.md) --- # Crane NXT | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 387.7 M Revenue: As of FY2026 Q1, the actual value is USD 387.7 M, beating the estimate of USD 378.63 M. EPS: As of FY2026 Q1, the actual value is USD 0.11, missing the estimate of USD 0.43. EBIT: As of FY2026 Q1, the actual value is USD 40 M. ### First Quarter 2026 Financial Highlights #### Total Company Performance - **Net Sales (GAAP):** Crane NXT, Co. reported net sales of $387.7 million for the first quarter ended March 31, 2026, an increase of $57.4 million or 17.4% compared to $330.3 million in the first quarter of 2025. Organic sales grew by $18.3 million, or 5.6%. - **Net Income (GAAP):** Net income attributable to common shareholders was $6.4 million, or $0.11 per diluted share, for the first quarter of 2026, down from $21.7 million, or $0.38 per diluted share, in the prior year period, representing a change of - $15.3 million or -70.5%. The GAAP net income margin was 1.7% in Q1 2026, compared to 6.6% in Q1 2025, a decrease of 490bps. - **Adjusted EBITDA:** Adjusted EBITDA for Q1 2026 was $74.7 million, an increase of $13.6 million or 22.3% from $61.1 million in Q1 2025. - **Adjusted EBITDA Margin:** The Adjusted EBITDA margin was 19.3% in Q1 2026, compared to 18.5% in Q1 2025, an increase of 80bps. - **Operating Profit (GAAP):** Total operating profit was $22.2 million in Q1 2026, down from $37.3 million in Q1 2025. The GAAP operating profit margin was 5.7% in Q1 2026, down from 11.3% in Q1 2025. - **Corporate Expenses:** Corporate operating loss (GAAP) was - $24.3 million in Q1 2026, compared to - $14.8 million in Q1 2025. - **Cost of Sales:** Cost of sales was $231.8 million in Q1 2026, compared to $190.1 million in Q1 2025. - **Selling, General and Administrative Expenses:** Selling, general and administrative expenses were $130.6 million in Q1 2026, compared to $102.9 million in Q1 2025. - **Restructuring Charges:** Restructuring charges were $3.1 million in Q1 2026, with none in Q1 2025. - **Interest Expense:** Interest expense was - $17.8 million in Q1 2026, compared to - $11.5 million in Q1 2025. - **Equity Investment Income:** Equity investment income was $4.7 million in Q1 2026, up from $0.1 million in Q1 2025. - **Provision for Income Taxes:** The provision for income taxes was $2.4 million in Q1 2026, compared to $6.4 million in Q1 2025. #### Segment Performance - **Security and Authentication Technologies (SAT):** - Net sales (GAAP) were $192.8 million in Q1 2026, a 51.3% increase from $127.4 million in Q1 2025. Organic sales increased by $28.6 million, or 22.4%. - Operating profit (GAAP) was $15.1 million in Q1 2026, up from $2.4 million in Q1 2025. The GAAP operating profit margin was 7.8% in Q1 2026, compared to 1.9% in Q1 2025, an increase of 590bps. - Adjusted EBITDA was $38.6 million in Q1 2026, a 118.1% increase from $17.7 million in Q1 2025. The Adjusted EBITDA margin was 20.0% in Q1 2026, compared to 13.9% in Q1 2025, an increase of 610bps. - **Detection and Traceability Technologies (DTT):** - Net sales (GAAP) were $194.9 million in Q1 2026, a -4.0% decrease from $202.9 million in Q1 2025. Organic sales decreased by - $10.3 million, or -5.1%. - Operating profit (GAAP) was $31.4 million in Q1 2026, down from $49.7 million in Q1 2025. The GAAP operating profit margin was 16.1% in Q1 2026, compared to 24.5% in Q1 2025, a decrease of 840bps. - Adjusted EBITDA was $51.8 million in Q1 2026, a -9.4% decrease from $57.2 million in Q1 2025. The Adjusted EBITDA margin was 26.6% in Q1 2026, compared to 28.2% in Q1 2025, a decrease of 160bps. #### Cash Flow and Debt - **Cash Used for Operating Activities (GAAP):** Cash used for operating activities was - $14.0 million in Q1 2026, compared to - $19.1 million in Q1 2025. - **Capital Expenditures:** Capital expenditures were - $10.1 million in Q1 2026, compared to - $13.1 million in Q1 2025. - **Free Cash Flow:** Free cash flow was - $24.1 million in Q1 2026, compared to - $32.2 million in Q1 2025. - **Adjusted Free Cash Flow:** Adjusted free cash flow was - $18.9 million in Q1 2026, compared to - $30.5 million in Q1 2025. - **Adjusted Free Cash Flow Conversion:** Adjusted free cash flow conversion was -54.5% in Q1 2026, compared to -97.4% in Q1 2025. - **Net Leverage Ratio:** The net leverage ratio was 2.9 as of March 31, 2026. - **Total Debt and Cash:** Total debt (excluding deferred financing costs) was $1,539.8 million, and cash and cash equivalents were - $228.3 million, resulting in net debt of $1,311.5 million as of March 31, 2026. #### Order Backlog - **Total Backlog:** Total backlog was $649.3 million as of March 31, 2026, compared to $492.8 million as of December 31, 2025, and $547.8 million as of March 31, 2025. - **SAT Backlog:** Security and Authentication Technologies backlog was $428.5 million as of March 31, 2026, compared to $379.4 million as of December 31, 2025, and $401.2 million as of March 31, 2025. - **DTT Backlog:** Detection and Traceability Technologies backlog was $220.8 million as of March 31, 2026, compared to $113.4 million as of December 31, 2025, and $146.6 million as of March 31, 2025. The DTT backlog includes $98.9 million pertaining to the Antares Vision business acquired in March 2026. #### Outlook / Guidance Crane NXT, Co. is updating its full year 2026 guidance to reflect the acquisition of Antares Vision. The company now expects total sales growth in the range of 15% to 17% for the full year 2026, while maintaining its Adjusted EPS guidance in the range of $4.10 to $4.40. Segment sales growth for DTT is projected to be in the low 20s %, and Adjusted EBITDA margin is expected to be approximately 24%. ### Related Stocks - [CXT.US](https://longbridge.com/en/quote/CXT.US.md) ## Related News & Research - [FFIV: Q3 FY26 revenue grew 11% year-over-year, with raised FY26 guidance and strong product momentum](https://longbridge.com/en/news/293970097.md) - [American Resources files amended 8-K detailing auditor change timeline after GreenGrowth withdraws 2025 opinion](https://longbridge.com/en/news/294229412.md) - [SRX Global amends 8-K to correct CFO Carolina Martinez misidentified as CEO](https://longbridge.com/en/news/294232884.md) - [Children’s Place amends 8-K to disclose Kim Roy separation deal, including $525,000 payment](https://longbridge.com/en/news/294257573.md) - [Key facts: Hubbell (HUBB) raises 2026 sales to 16%–18%; files 8‑K](https://longbridge.com/en/news/294167258.md)