Crane NXT Co 2025年季度报告

Indicate by check mark whether the registrant has submied electronically every Interacve Data File required to be submied pursuant to Rule Notes toCondensed ConsolidatedFinancial StatementsManagement’s Discussion and Analysis of Financial Condion and Results of OperaonsQuantave and Qualitave Disclosures About Market Risk Mine Safety DisclosuresOther Informaon CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY(UNAUDITED) (in millions, except share data)Issued atParValueCapitalSurplusRetainedEarningsComprehensiveLossTreasuryStockBalance as of December31, 2024$72.4$1,719.9$268.4$(172.6)$(823.2)$Net income aributable to common shareholders——21.7——Cash dividends ($0.17per share)——(9.7)—— Stock-based compensaon expenseChanges in pension and postrerement plan assets and benefit obligaon, net of tax———(0.2)—Currency translaon adjustment———31.1—Balance as of March 31, 2025$72.4$1,710.9$280.4$(141.7)$(815.4)$ SharesIssued atParValueCapitalSurplusRetainedEarningsOtherComprehensiveLossTreasuryStock Net income aributable to common shareholdersCash dividends ($0.16 per share) Exercise of stock opons of 57,564 sharesImpact from selement of share-based awards, net of shares acquired—(14.7)——9.5Stock-based compensaon expense—2.1———Changes in pension and postrerement planassets and benefit obligaon, net of tax———(0.4)—Currency translaon adjustment———(26.7)—Balance as of March 31, 2024$72.4$1,715.5$149.6$(145.7)$(827.7)$ 9 Crane NXT, Co. is a leading provider of trusted technology soluons to secure, detect, and authencate our customers’ most valuable relave size of these segments in relaon to the total company (both net sales and total assets). 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 SpinCo 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 SpinCo following the Separaon. See Note 9, “Income Taxes” for more details on the Tax Maers Agreement. Basis of PresentaonThe 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 adjustments conjuncon with the Crane NXT Consolidated and Combined Financial Statements and Notes to Consolidated and CombinedFinancial Statements for the year ended December 31, 2024, previouslyfiled on Form 10-K on February 20, 2025. precisely reflect the absolutefigures. Recent Accounng PronouncementsRecently Issued Accounng StandardsIn December 2023, the FASB issued ASU 2023-09,Income Taxes (Topic 740): Improvements to Income Tax Disclosureswhich intends Standards Board (FASB) and determined them to be either not applicable or are not expected to have a material impact on theCompany's Unaudited Condensed Consolidated Statements of Operaons, Balance Sheets and Cash Flows. Aer the Separaon, SpinCo and its subsidiaries became related pares. As of March31, 2025 and December 31, 2024, we hadoutstanding receivables from SpinCo and its subsidiaries of $3.2million and $0.7million, respecvely, related to indemnificaon OpSec Acquision The following amounts represent the preliminary determinaon of the fair value of idenfiable assets acquired and liabiliesassumed from our acquision of OpSec, pending thefinalizaon of certain tangible assets and liabilies to be completed within the measurement period as required by ASC 805. Potenal adjustments are not expected to be material in relaon to the preliminaryvalues presented below: Net assets acquired(in millions)Total current assets$ The amount allocated to other assumed liabilies includes a conngent liability of $1.5million related to a prior OpSec acquision. condions expire at the end of 2026, at which point if the conngency condions have not been met, no payment will occur. Theconngent liability is measured at fair value. See Note 14, “Fair Value Measurements” for further details.The amount allocated to goodwill reflects expected sales synergies, manufacturing efficiency and research and development. Intangible Assets (in millions)Intangible FairValueWeighted AverageLife (in years) (in millions) Crane Payment Innovaons$616.4$Security and Authencaon Technologies348.1 Disaggregaon of Revenues The following table presents net sales disaggregated by product line for each segment:Three Months EndedMarch 31,20252024Crane Payment Innovaons 14 Contract assets represent unbilled amounts that