Crane NXT Co. 2025年季度报告

SECURITIES AND EXCHANGE COMMISSION FORM10-Q Part I - Financial Informaon Item1.Financial Statements (Unaudited)Condensed ConsolidatedStatements of OperaonsCondensed ConsolidatedStatements of Comprehensive Income Condensed ConsolidatedBalance Sheets Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securies and Use of ProceedsItem 3.Defaults Upon Senior SecuriesItem 4.Mine Safety DisclosuresItem 5.Other InformaonItem 6.ExhibitsSignatures CRANE NXT, CO. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS CRANE NXT, CO. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME CRANE NXT, CO. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS CRANE NXT, CO. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Includes both current and non-current balances of restricted cash. Current restricted cash, included within “Other current assets” in our Unaudited CondensedConsolidated Balance Sheets, was $0.9million and $0.1million as of March31, 2025, and 2024, respecvely. Non-current restricted cash, included within “Otherassets” in our Unaudited Condensed Consolidated Balance Sheets, was $10.7million and $6.2million as of March31, 2025, and 2024, respecvely. CRANE NXT, CO. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Note 1 -Organizaon and Basis of Presentaon Crane NXT, Co. is a leading provider of trusted technology soluons to secure, detect, and authencate our customers’ most valuableassets. We are comprised oftworeporng segments: Crane Payment Innovaons (“CPI”) and Security and AuthencaonTechnologies (“SAT”). Our primary end markets include governments,brands,financial instuons and a wide range of consumerrelated end markets including convenience merchandising (vending), retail and gaming. See Note 4, “Segment Results” for the References herein to “Crane NXT,” “we,” “us” and “our” refer to Crane NXT, Co. and its subsidiaries, including when Crane NXT, Co.was named “Crane Holdings, Co.” unless the context implies otherwise. References herein to “Holdings” refer to Crane Holdings, Co.and its subsidiaries prior to the consummaon of the Separaon unless the context implies otherwise. Separaon On April 3, 2023, Holdings was separated (the “Separaon”) into two independent, publicly-traded companies, Crane NXT, Co. andCrane Company (“SpinCo”), through a pro-rata distribuon (the “Distribuon”) of all the issued and outstanding common stock ofSpinCo to the stockholders of Holdings. As part of the Separaon, we entered into definive agreements with SpinCo, including a TaxMaers Agreement, which set forth the terms and condions of the Separaon and provided a framework for our relaonship with Basis of Presentaon The accompanying Unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounngprinciples generally accepted in the United States of America for interimfinancial reporng and, therefore, reflect all adjustmentswhich are, in the opinion of management, necessary for a fair statement of the results for the interim periods presented. All suchadjustments are of a normal recurring nature. These Unaudited Condensed Consolidated Financial Statements should be read in Due to rounding, numbers presented throughout this report may not add up precisely to totals we provide, and percentages may notprecisely reflect the absolutefigures. Recent Accounng Pronouncements Recently Issued Accounng Standards In December 2023, the FASB issued ASU 2023-09,Income Taxes (Topic 740): Improvements to Income Tax Disclosureswhich intendsto improve the transparency of income tax disclosures. The new standard requires public enes to provide greater disaggregaon intheir rate reconciliaon, including new requirements to present reconciling items on a gross basis within specified categories, todisclose both percentages and dollar amounts, and to disaggregate individual reconciling items by jurisdicon and nature when theeffect of the items meets a quantave threshold. The guidance also includes new requirements to provide users of thefinancialstatements with beer informaon on future cashflow prospects. The standard is effecve for all public enes for annual periods In November 2024, the FASB issued ASU 2024-03,Income Statement - Reporng Comprehensive Income - Expense DisaggregaonDisclosures (Subtopic 220-40): Disaggregaon of Income Statement Expenseswhich intends to improve the disclosures about a publicbusiness enty’s expenses and address requests from investors for more detailed informaon about the types of expenses (includingpurchases of inventory, employee compensaon, depreciaon, amorzaon, and depleon) in commonly presented expensecapons (such as cost of sales, SG&A, and research and development). The standard requires disclosure of these expenses on an The Company considered the applicability and impact of other Accounng Standards Updates issued by