Crane NXT, Co.

Crane NXT Announces Appointment of Jason Lund as President of Crane Payment Innovations and Group President of the Detection and Traceability Technologies Segment

Crane NXT appointed Jason Lund as President of Crane Payment Innovations and Group President of its Detection and Traceability Technologies segment. Mr. Lund brings over two decades of experience, most recently serving as President of Robotics & Automation at Novanta, with prior roles at Vontier, Fortive and Danaher. CEO Aaron Saak highlighted Lund's disciplined operating approach and strategic portfolio management as key drivers for future value.

•2mo ago

Crane NXT Reports Second Quarter 2026 Results

Crane NXT reported second quarter 2026 sales of $493.2 million, up 22% year-over-year, with Adjusted EPS of $1.10, a 13% increase over the prior year. The company generated $86.7 million in cash from operations and achieved 124% Adjusted free cash flow conversion. Based on the strong performance, management raised its full-year 2026 Adjusted EPS guidance to a range of $4.22 to $4.42, up from the previous $4.10 to $4.40 range. The company also declared a quarterly dividend of $0.18 per share, payable on September 9, 2026. Security and Authentication Technologies segment operating profit surged 116% year-over-year, bolstered by strong demand and cost savings. Management highlighted progress integrating the Antares Vision acquisition, though the Detection and Traceability Technologies segment faced organic sales headwinds.

•3mo ago

ANTARES VISION GROUP DEBUTS LASER SPECTROSCOPY LEAK DETECTION TECHNOLOGY AT PROPAK ASIA 2026

Antares Vision Group, a subsidiary of Crane NXT (CXT), is debuting its laser spectroscopy leak detection technology in Thailand at ProPak Asia 2026. The solution enables 100% in-line, non-destructive micro-leak inspection for beverages, aerosols, and food packaging, addressing quality control challenges across multiple industries. Crane NXT, which acquired control of Antares in April 2026, is leveraging this technology to expand its footprint in the APAC region, focusing on efficiency and sustainability for manufacturers.

•5mo ago

Crane NXT Reports First Quarter 2026 Results

Crane NXT reported Q1 sales of $388 million, up 17% year-over-year with 6% organic growth, and completed the €362 million acquisition of Antares Vision on March 31. GAAP EPS fell to $0.11 due to acquisition and restructuring costs, but Adjusted EPS was $0.60 and the company maintained its full-year Adjusted EPS guidance of $4.10-$4.40. Management raised full-year sales growth guidance to 15-17% to include the Antares Vision contribution and declared a quarterly dividend of $0.18 per share.

•6mo ago