CXT

Crane NXT, Co. provides payment and merchandising technologies serving retail, banking, vending, casino gaming, and transportation markets. The company manufactures payment acceptance devices, currency validators, bill recyclers, coin mechanisms, and cashless payment systems for vending machines, kiosks, casino gaming equipment, transportation ticketing, and retail applications. Crane NXT serves customers globally requiring secure payment solutions for automated retail, self-service, and transactional equipment. The company operates through segments including Payment & Merchandising Technologies and Crane Currency producing banknote paper and security features. Crane NXT was spun off from Crane Company in 2023 to separate payment technologies and currency businesses from industrial operations. Headquartered in Stamford, Connecticut, Crane NXT has heritage dating to 1855. The company benefits from established market positions, essential payment infrastructure, product innovation, and diverse end markets. Crane NXT faces competitive pressures from payment technology providers, customer concentration in gaming markets, declining cash usage trends in some applications, and execution risks. The company continues to invest in cashless payment solutions, product development, and strategic initiatives to serve evolving payment technology requirements.