Crane NXT Acquires Antares Vision for €362M, Raises 2026 Sales Growth to 17%
Crane NXT completed its €362 million acquisition of Antares Vision and reported Q1 sales of $388 million, up 17% year-over-year with 6% organic growth. Adjusted EPS reached $0.60, and full-year sales guidance was raised to 15%–17% while maintaining adjusted EPS forecast at $4.10–$4.40.
1. First Quarter Financial Performance
In Q1 2026, Crane NXT delivered net sales of $387.7 million, a 17.4% increase from Q1 2025, driven by 6% organic growth. GAAP net income was $6.4 million, or $0.11 per share, and adjusted EPS was $0.60. Adjusted EBITDA rose 22% to $74.7 million with a 19.3% margin.
2. Acquisition of Antares Vision
On March 31, 2026, Crane NXT completed the €362 million cash acquisition of Antares Vision, adding inspection, detection, and track & trace technologies. This integration aims to expand authentication and traceability offerings across growing markets and support sustainable long-term value creation.
3. 2026 Guidance and Dividend
The company raised its full-year 2026 sales growth outlook to 15%–17% inclusive of Antares Vision, while maintaining adjusted EPS guidance at $4.10–$4.40. Crane NXT also declared a $0.18 per share quarterly dividend payable June 10 to shareholders of record on May 31.