Sales Growth and EPS Achievement
Crane NXT achieved a sales growth of 5% and an adjusted EPS of $0.54 for Q1 2025, in line with expectations.
Record High Backlog in Crane Currency
Crane Currency achieved a record high backlog with a book-to-bill ratio of 2.4, driven by differentiated anticounterfeiting technology.
Completion of De La Rue Acquisition
The acquisition of De La Rue Authentication Solutions was completed, expanding Crane's security and authentication technology capabilities.
Successful Equipment Upgrade
Completed planned shutdown and upgrade of key manufacturing equipment for the U.S. Currency business, resuming full production.
New Contract in CPI Services
CPI secured a multiyear contract with a major retailer for on-site equipment repair services at approximately 450 U.S. locations.
OpSec Integration and Crane Authentication Launch
OpSec and De La Rue Authentication will be combined to form Crane Authentication, providing a unified set of products and services.
Strong International Currency Performance
International Currency business showed strong performance with a record high backlog of approximately $370 million and 5 new micro-optic wins in the quarter.