Crane NXT, Co. reported second quarter 2025 sales of $404.4 million, an increase of 9.1% compared to the second quarter of 2024. This growth was primarily driven by a $26.7 million sales benefit from the acquired OpSec Security and De La Rue Authentication Solutions businesses, along with $10.1 million from favorable foreign exchange. Core sales, however, declined by 0.8% due to lower volumes in the Crane Payment Innovations (CPI) segment.
Operating profit for the quarter was $47.9 million, down from $67.6 million in the prior year, with an operating profit margin of 11.8% compared to 18.2%. Adjusted operating profit margin decreased by 290 basis points to 21.2%. The CPI segment's sales decreased by 5.8% due to lower volumes, while the Security and Authentication Technologies (SAT) segment's sales increased by 32.0%, driven by acquisitions and 9.1% core sales growth in international markets.
Cash provided by operating activities was $62.8 million, an increase from $56.8 million in the prior year, with adjusted free cash flow up by $13.5 million to $67.4 million. Total debt increased to $1,129.2 million as of June 30, 2025, raising the net leverage ratio to 2.6 times trailing twelve months adjusted EBITDA. Crane NXT maintained its full-year 2025 guidance and declared a quarterly dividend of $0.17 per share for the third quarter of 2025.
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