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EarningsQ2 2026 Earnings Report
CXT Q2 2026 EPS Results
Actual EPS$1.10
Consensus EPS$1.03
Beat/MissBeat by +$0.07
One Year Ago EPS$0.97
CXT Q2 2026 Revenue Results
Actual Revenue$493.20M
Expected Revenue$475.62M
Beat/MissBeat by +$17.58M
YoY Revenue Growth+21.96%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
CXT Upcoming Earnings
Crane NXT's next earnings date is estimated for November 11, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
CXT Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution, robust top-line growth (22% YoY), meaningful margin expansion, high free cash flow conversion (124%), successful early integration of Antares Vision and record SAT backlog, and an upward revision to full-year EPS guidance. Near-term challenges center on CPI hardware softness, Q3 comparability headwinds in SAT, transitional Antares margins, and a temporarily elevated net leverage of ~2.7x. Overall, positive momentum and visibility from backlog, margin actions, and cash generation outweighed the cyclical and integration-related headwinds.Company Guidance
Strong Top-Line Growth
Second quarter sales of $493 million, an increase of ~22% year over year; organic sales grew ~3% driven by SAT strength and Antares Vision contribution.
Improved Profitability and Margin Expansion
Adjusted EBITDA of $115 million with a margin of ~23%, representing ~150 basis points of organic margin expansion (company expects full-year adjusted EBITDA margin of ~24%).
Earnings and Cash Flow Outperformance
Adjusted EPS of $1.10, up ~13% year over year and ahead of prior expectations; adjusted free cash flow of $79 million with conversion ratio of ~124% (management expects full-year conversion of 90%–110%).
Raised full-year EPS guidance
Full-year adjusted EPS guidance increased to $4.22–$4.42 per share due to strong first-half performance and improved non-operating expense outlook (non-operating expense revised to ~$80M from $85M).
Record SAT Backlog and Authentication Execution
SAT (Security & Authentication Technologies) backlog reached a record ~ $500 million; Q2 SAT sales $227 million (+~17% YoY) with organic SAT sales +~10% and adjusted EBITDA margin of 26%; authentication delivered ~200–300 bps of organic EBITDA margin expansion driven by productivity and synergies.
Successful Antares Vision Integration and DTT Growth
DTT (Detection & Traceability Technologies) sales of $267 million (+26% YoY) reflecting a full quarter of Antares Vision; DTT organic EBITDA margin expanded ~240 basis points; Antares expected to contribute ~$200–$210 million for full year (Q3 contribution ~$55–$60M), with segment backlog of ~$257M (Antares backlog ~$125M deliverable next 12 months).
Operational Excellence: Crane Business System (CBS) and Kaizen Actions
Management reported rapid implementation of Crane Business System and Kaizen events across Antares, authentication, and other operations leading to tangible productivity improvements and early synergy capture (cited as a driver of margin expansion).
Balance Sheet and Capital Allocation Progress
Net leverage at quarter-end ~2.7x with plan to deploy free cash flow to reduce debt and an expected year-end net leverage of ~2.3x; management emphasized disciplined capital allocation toward high-return uses.
CXT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed