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v3.25.3

Segment Results (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule Of Financial Information By Reportable Segment | Financial information by reportable segment is set forth below:
(in millions) Three months ended September 30, 2025 |  | Crane Payment Innovations |  | Security and Authentication Technologies |  |  |  | Total
Net Sales |  | $ | 216.3 |  |  | $ | 228.8 |  |  |  |  | $ | 445.1 |
Less: |  |  |  |  |  |  |  |
Cost of operations |  | 94.8 |  |  | 111.8 |  |  |  |  |
Selling and administrative expense |  | 38.5 |  |  | 37.4 |  |  |  |  |
Engineering expense |  | 7.9 |  |  | 8.8 |  |  |  |  |
Other segment items (a) |  | 14.4 |  |  | 31.5 |  |  |  |  |
Segment operating profit |  | $ | 60.7 |  |  | $ | 39.3 |  |  |  |  | $ | 100.0 |
Corporate costs |  |  |  |  |  |  |  | (18.1) |
Operating profit |  |  |  |  |  |  |  | 81.9 |
Interest income |  |  |  |  |  |  |  | 0.3 |
Interest expense |  |  |  |  |  |  |  | (16.2) |
Miscellaneous income, net |  |  |  |  |  |  |  | 0.6 |
Income before income taxes |  |  |  |  |  |  |  | $ | 66.6 |
(in millions) Three months ended September 30, 2024 |  | Crane Payment Innovations |  | Security and Authentication Technologies |  |  |  | Total
Net Sales |  | $ | 224.9 |  |  | $ | 178.6 |  |  |  |  | $ | 403.5 |
Less: |  |  |  |  |  |  |  |
Cost of operations |  | 101.0 |  | 96.3 |  |  |  |
Selling and administrative expense |  | 36.3 |  | 23.7 |  |  |  |
Engineering expense |  | 10.5 |  | 6.9 |  |  |  |
Other segment items (a) |  | 12.5 |  | 22.4 |  |  |  |
Segment operating profit |  | $ | 64.6 |  |  | $ | 29.3 |  |  |  |  | $ | 93.9 |
Corporate costs |  |  |  |  |  |  |  | (18.9) |
Operating profit |  |  |  |  |  |  |  | 75.0 |
Interest income |  |  |  |  |  |  |  | 0.4 |
Interest expense |  |  |  |  |  |  |  | (13.4) |
Miscellaneous income, net |  |  |  |  |  |  |  | 1.3 |
Income before income taxes |  |  |  |  |  |  |  | $ | 63.3 |
(in millions) Nine months ended September 30, 2025 |  | Crane Payment Innovations |  | Security and Authentication Technologies |  |  |  | Total
Net Sales |  | $ | 630.6 |  |  | $ | 549.2 |  |  |  |  | $ | 1,179.8 |
Less: |  |  |  |  |  |  |  |
Cost of operations |  | 284.6 |  |  | 266.4 |  |  |  |  |
Selling and administrative expense |  | 119.7 |  |  | 108.8 |  |  |  |  |
Engineering expense |  | 26.8 |  |  | 27.2 |  |  |  |  |
Other segment items (a) |  | 40.1 |  |  | 87.1 |  |  |  |  |
Segment operating profit |  | $ | 159.4 |  |  | $ | 59.7 |  |  |  |  | $ | 219.1 |
Corporate costs |  |  |  |  |  |  |  | (52.0) |
Operating profit |  |  |  |  |  |  |  | 167.1 |
Interest income |  |  |  |  |  |  |  | 0.7 |
Interest expense |  |  |  |  |  |  |  | (44.1) |
Miscellaneous income, net |  |  |  |  |  |  |  | 3.8 |
Income before income taxes |  |  |  |  |  |  |  | $ | 127.5 |
(in millions) Nine months ended September 30, 2024 |  | Crane Payment Innovations |  | Security and Authentication Technologies |  |  |  | Total
Net Sales |  | $ | 658.3 |  |  | $ | 429.4 |  |  |  |  | $ | 1,087.7 |
Less: |  |  |  |  |  |  |  |
Cost of operations |  | 297.2 |  |  | 233.4 |  |  |  |  |
Selling and administrative expense |  | 113.9 |  |  | 66.3 |  |  |  |  |
Engineering expense |  | 32.8 |  |  | 19.4 |  |  |  |  |
Other segment items (a) |  | 35.7 |  |  | 36.8 |  |  |  |  |
Segment operating profit |  | $ | 178.7 |  |  | $ | 73.5 |  |  |  |  | $ | 252.2 |
Corporate costs |  |  |  |  |  |  |  | (54.2) |
Operating profit |  |  |  |  |  |  |  | 198.0 |
Interest income |  |  |  |  |  |  |  | 1.4 |
Interest expense |  |  |  |  |  |  |  | (35.7) |
Miscellaneous income, net |  |  |  |  |  |  |  | 1.7 |
Income before income taxes |  |  |  |  |  |  |  | $ | 165.4 |
(a) | Includes other cost of operations such as manufacturing costs, amortization expenses, shipping and handling costs, and certain overhead expenses, as well as corporate allocations.
|  | Three months ended September 30, |  | Nine months ended September 30,
(in millions) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Depreciation and amortization: |  |  |  |  |  |  |  |
Crane Payment Innovations |  | $ | 7.4 |  |  | $ | 7.4 |  |  | $ | 21.8 |  |  | $ | 22.1 |
Security and Authentication Technologies |  | 20.9 |  |  | 16.8 |  |  | 54.0 |  |  | 39.6 |
Corporate |  | 0.7 |  |  | 0.5 |  |  | 1.9 |  |  | 1.7 |
Total |  | $ | 29.0 |  |  | $ | 24.7 |  |  | $ | 77.7 |  |  | $ | 63.4 |
| Nine months ended September 30,
(in millions) | 2025 |  | 2024
Capital expenditures: |  |  |
Crane Payment Innovations | $ | 5.2 |  |  | $ | 5.8 |
Security and Authentication Technologies | 21.7 |  |  | 24.4 |
Corporate | 0.6 |  |  | 0.1 |
Total | $ | 27.5 |  |  | $ | 30.3 |
Reconciliation of Segment Assets to Consolidated Assets |
(in millions) | September 30, 2025 |  | December 31, 2024
Assets: |  |  |
Crane Payment Innovations | $ | 1,166.7 |  |  | $ | 1,187.1 |
Security and Authentication Technologies | 1,711.9 |  |  | 1,178.2 |
Corporate | 39.1 |  |  | 21.2 |
Total | $ | 2,917.7 |  |  | $ | 2,386.5 |
Schedule Of Goodwill By Segment |
(in millions) | September 30, 2025 |  | December 31, 2024
Goodwill: |  |  |
Crane Payment Innovations | $ | 627.8 |  |  | $ | 609.1 |
Security and Authentication Technologies | 533.6 |  |  | 347.5 |
Total | $ | 1,161.4 |  |  | $ | 956.6 |

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