CXT earnings analysis
What we found in CXT's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Crane NXT reported strong Q1 2026 performance with revenues of $387.7 million, exceeding estimates of $378.5 million, but with EPS at $0.11, significantly below the expected $0.56. The Security and Authentication Technologies segment showed remarkable growth, with a 51.3% increase in revenue, while the Detection and Traceability Technologies segment declined by 4.0%. Management maintained full-year EPS guidance at $4.10 to $4.40, while raising revenue growth guidance to 15-17% due to the Antares Vision acquisition.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Exceeds Estimates
- Q1 revenues of $387.7 million surpassed expectations of $378.5 million.
- Significant Growth in SAT Segment
- Security and Authentication Technologies segment revenue grew 51.3% to $192.8 million compared to $127.4 million last year.
- Operating Margin Decline
- Operating profit dropped 40.5% to $22.2 million, with operating margin falling to 5.7% from 11.3%.
- Increased Restructuring Charges
- Restructuring charges rose to $3.1 million, which is concerning given the previous year had none.
- Cash from Financing Activities
- Financing activities provided $239.8 million in Q1 2026, up from $38.0 million in the year prior.
- Lower Operating Cash Flow Usage
- Operating activities used $14.0 million compared to $19.1 million in Q1 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Substantial Decrease in Net Income
- Net income fell 70.5% to $6.4 million from $21.7 million year-over-year.
- Deterioration in Operating Profit
- Operating profit decreased by $15.1 million, driven by increased costs from acquisitions.
- Increased Interest Expenses
- Interest expense rose 54.8% to $17.8 million, highlighting potential financing risks.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.11
- Operating margin
- 5.7%
- Segment
- Security and Authentication Technologies: $192.8M
- Segment
- Detection and Traceability Technologies: $194.9M
What they said about what is next.
Full year EPS guidance maintained at $4.10 to $4.40; revenue growth guidance increased to 15-17%.
The filing reads worse than the one before it.
What came before.
- 10-K · February 26, 2026
- Crane NXT positions itself as a focused industrial technology company organized into two segments (CPI and SAT) and emphasizes proprietary micro-optics, digital authentication and detection technologies plus a continued…
- 10-Q · November 5, 2025
- Crane NXT reported a strong Q3: net sales of $445.1 million (up from $403.5 million a year ago) and diluted EPS of $0.87 (vs. $0.81 in Q3 2024). Gross profit/cost-of-sales dynamics supported a 43.3% gross margin and an…
- 10-Q · May 7, 2025
- Crane NXT reported quarterly net sales of $330.3 million (up from $313.6 million a year ago) but saw material profitability compression: operating profit fell to $37.3 million and diluted EPS declined to $0.38.…
- 10-Q · November 6, 2024
- Crane NXT reported Q3 revenue of $403.5 million, up $50.6 million (+14.3%) versus Q3 2023, but profitability compressed: operating profit fell to $75.0 million and diluted EPS declined to $0.81. Management completed the…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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