M&A - Crane NXT, Co.

Form Type: 10-Q

Filing Date: 2025-05-07

Corporate Action: Acquisition

Type: New

Accession Number: 000162828025023195

Filing Summary: Crane NXT, Co. filed a Form 10-Q for the quarterly period ended March 31, 2025. The report provides unaudited condensed consolidated financial statements including the income statement, balance sheet, cash flows, and changes in equity for the company. Key highlights include a net income attributable to common shareholders of $21.7 million, down from $37.8 million in the same quarter of the previous year. The company reported net sales of $330.3 million, showing an increase from $313.6 million year-over-year. Significant costs included $190.1 million for cost of sales and $102.9 million in selling, general, and administrative expenses. The company also reported an acquisition of OpSec Security for approximately $270 million, enhancing its authentication solutions capabilities. Additional details about assets and liabilities acquired from OpSec were provided, with the acquisition aimed at expanding the company's market reach in digital content protection solutions.