Crane NXT, Co.
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 4, 2026
CXT$57.57-2.9%Stored close · as of Nov 6, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-06-30; filed 2026-08-05.
0000025445-26-000034
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-09-30; filed 2026-11-04.
0000025445-26-000049
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 82 previous paragraphs and 85 current paragraphs.
27 unchanged; 30 reworded; 28 added; 25 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 7 previous and 7 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (28)
Current report
On July 2, 2026, the Company repriced and increased its existing €430.0 million Term Loan B to €480.0 million through an amendment to its Credit Agreement. The Sixth Amendment was accounted for as a debt modification and the incremental €50.0 million of cash proceeds, together with cash on hand, was primarily used to repay a portion of Term Loan A.
Current report
Geopolitical and Trade Policy Uncertainty
Current report
The conflict in the Middle East and evolving global trade policies, including tariffs and retaliatory trade measures, continue to create uncertainty regarding energy, freight and material costs and supply chains. The Company continues to implement pricing, productivity and supply-chain actions to mitigate these risks. The impact is not currently material to our results, however, the timing, scope and broader economic effects remain uncertain and could significantly impact the Company’s results of operations in the future.
Current report
•the sales benefit from the Antares Vision acquisition of $50.0 million, or 11.2%,
Current report
•organic sales growth of $4.9 million, or 1.1%, driven by the Currency business, and
Current report
Cost of sales increased by $46.7 million, or 18.5%, to $299.2 million in 2026. The increase was driven by the impact of the Antares Vision acquisition and unfavorable mix of $38.2 million, or 15.1%, and acquisition related amortization, partially offset by productivity gains.
Current report
Interest expense increased by $3.7 million, or 22.8%, to $19.9 million in 2026 driven by financing related to the acquisition of Antares Vision.
Current report
Sales increased by $14.7 million, or 6.4%, to $243.5 million in 2026, driven by organic sales growth of $16.4 million, or 7.2%, partially offset by unfavorable foreign exchange of $1.7 million or 0.8%.
Current report
•Authentication products and solutions sales increased by $5.0 million, or 8.3%, in 2026 driven by higher organic sales growth of $5.2 million, or 8.6%.
Current report
Cost of sales increased by $5.8 million, or 4.0%, to $149.1 million in 2026, driven by the impact of higher volumes and unfavorable mix, partially offset by productivity gains.
Current report
Selling, general and administrative expense decreased by $1.6 million, or 3.7% to $42.2 million in 2026. The decrease was primarily attributable to cost saving actions in the Crane Authentication business.
Current report
Operating profit increased by $6.8 million, or 17.3% to $46.1 million in 2026, driven by the impact of higher volumes of $7.3 million, or 18.6% and productivity gains of $5.5 million, or 13.9%, partially offset by unfavorable mix of $4.9 million, or 12.5%.
Current report
Sales increased by $37.3 million, or 17.2%, to $253.6 million in 2026, driven by sales benefit from the Antares Vision acquisition of $50.0 million, or 23.1%, partially offset by lower organic sales of $11.5 million, or 5.3%, and unfavorable foreign currency translation of $1.2 million, or 0.6%.
Current report
•Detection and Inspection services revenue increased by $13.8 million, or 39.4%, to $48.8 million in 2026, driven by sales benefit from the Antares Vision acquisition of $13.2 million, or 37.7%, and organic sales growth of $0.6 million, or 1.7%.
Current report
Cost of sales increased by $40.8 million, or 37.4%, to $150.0 million in 2026, driven by the impact of the Antares Vision acquisition of $33.3 million, or 30.5% and unfavorable mix, partially offset by the impact of lower sales volumes and benefit from cost saving actions.
Current report
Selling, general and administrative expense increased by $22.6 million, or 49.9%, to $67.9 million in 2026, driven by the impact of the Antares Vision acquisition.
Current report
Results from Operations – Nine Month Periods Ended September 30,
Current report
•organic sales growth of $34.5 million, or 2.9%, driven by the Currency business, and
Current report
•favorable foreign currency translation of $12.6 million, or 1.1%.
Current report
Operating profit decreased by $10.3 million, or 6.2%, to $156.8 million in 2026. The decrease was driven by acquisition related amortization and unfavorable mix of $68.1 million, or 40.8%, and unfavorable foreign currency translation of $4.2 million, or 2.5%, partially offset by productivity, including cost saving actions, of $34.2 million, or 20.5%, the impact of higher volumes and favorable pricing net of inflation of $31.7 million, or 19.0%.
Current report
Interest expense increased by $14.6 million, or 33.1%, to $58.7 million in 2026 driven by financing related to the acquisition of Antares Vision.
Current report
Segment Results of Operations - Nine Month Periods Ended September 30,
Current report
Selling, general and administrative expense increased by $6.1 million, or 4.8%, to $133.6 million in 2026, driven by the impact of the De La Rue acquisition, partially offset by cost saving actions.
Current report
Sales increased by $84.4 million, or 13.4%, to $715.0 million in 2026, driven by sales benefit from Antares Vision acquisition of $113.7 million, or 18.0%, partially offset by lower organic sales of $29.0 million, or 4.6%.
Current report
•Detection and Inspection services revenue increased by $32.5 million, or 31.8%, to $134.8 million in 2026, driven by sales benefit from the Antares Vision acquisition of $28.5 million, or 27.9%.
Current report
Selling, general and administrative expense increased by $60.9 million, or 42.2%, to $205.1 million in 2026, due to the impact of the Antares Vision acquisition, partially offset by cost saving actions.
Current report
•Assumed $123.5 million of Antares Vision debt, which was subsequently repaid with proceeds from borrowings under the revolving facility denominated in euro.
Current report
•In total the Company repaid $277.3 million of Term Loan A.
Removed paragraphs (25)
Previous report
Conflict in the Middle East
Previous report
The Company is closely monitoring the ongoing conflict in the Middle East. During the quarter we experienced related supply chain and cost pressures, including higher freight costs and extended lead times. Through proactive supply chain management and other mitigation actions, we maintained operational continuity and do not believe these impacts materially affected our consolidated financial results during the period. We will continue to monitor developments, as further escalation or prolonged disruption could adversely affect future operating results and cash flows.
Previous report
•the sales benefit from the Antares Vision and De La Rue acquisitions of $74.6 million, or 18.4%,
Previous report
•organic sales growth of $11.3 million, or 2.8%, driven by the Currency business, and
Previous report
Cost of sales increased by $49.0 million, or 20.8%, to $284.6 million in 2026. The increase was driven by the impact of the Antares Vision and De La Rue acquisitions of $34.8 million, or 14.8%, acquisition related amortization, and unfavorable mix, partially offset by productivity gains.
Previous report
Sales increased by $33.7 million, or 17.5%, to $226.7 million in 2026, driven by organic sales growth of $18.5 million, or 9.6%, the sales benefit from the De La Rue acquisition of $10.9 million, or 5.6%, and favorable foreign exchange of $4.3 million or 2.2%.
Previous report
•Authentication products and solutions sales increased by $11.7 million, or 23.6% in 2026, mainly driven by the sales benefit from the De La Rue acquisition.
Previous report
Cost of sales increased by $18.0 million, or 14.5%, to $141.9 million in 2026, due to the impact of the De La Rue acquisition of $7.7 million, or 6.2%, acquisition related amortization, unfavorable mix and the impact of higher volumes in the Currency business, and unfavorable foreign currency translation, partially offset by productivity gains.
Previous report
Selling, general and administrative expense was flat compared with the prior year period, as cost savings actions offset the impact of the De La Rue acquisition.
Previous report
Operating profit increased by $21.0 million, to $39.0 million in 2026, driven by productivity gains of $18.4 million, primarily from cost saving actions in the Crane Authentication business, and the impact of higher volumes of $8.5 million, or 47.2%, in the Currency business, partially offset by unfavorable mix of $6.4 million, or 35.6%.
Previous report
Sales increased by $55.1 million, or 26.1%, to $266.5 million in 2026, driven by sales benefit from the Antares Vision acquisition of $63.7 million, or 30.1%, partially offset by lower organic sales of $7.2 million, or 3.4% and unfavorable foreign currency translation of $1.4 million, or 0.6%.
Previous report
•Service revenue increased by $16.9 million, or 49.3%, to $51.2 million in 2026, driven by sales benefit from the Antares Vision acquisition of $15.3 million, or 44.6%, and favorable pricing.
Previous report
Cost of sales increased by $31.0 million, or 27.8%, to $142.7 million in 2026, driven by the impact of the Antares Vision acquisition of $27.1 million, or 24.3%, acquisition related amortization and unfavorable mix of $5.8 million, or 5.2%, partially offset by the impact of lower sales volumes.
Previous report
Selling, general and administrative expense increased by $27.8 million, or 56.2%, to $77.3 million in 2026. The increase was driven by the impact of the Antares Vision acquisition, partially offset by the impact of cost saving actions.
Previous report
Results from Operations – Six Month Periods Ended June 30,
Previous report
•organic sales growth of $29.6 million, or 4.0%, driven by the Currency business, and
Previous report
•favorable foreign currency translation of $15.5 million, or 2.1%.
Previous report
Operating profit increased by $5.9 million, or 6.9%, to $91.1 million in 2026. The increase was driven by the impact of higher volumes in SAT, favorable pricing net of inflation in DTT, and productivity gains including the benefit of cost saving actions across both segments. These increases were partially offset by acquisition related amortization in Antares Vision and unfavorable mix.
Previous report
Segment Results of Operations - Six Month Periods Ended June 30,
Previous report
Selling, general and administrative expense increased by $7.7 million, or 9.2%, to $91.4 million in 2026, driven by the impact of the De La Rue acquisition, partially offset by cost saving actions.
Previous report
Sales increased by $47.1 million, or 11.4%, to $461.4 million in 2026, driven by sales benefit from Antares Vision acquisition of $63.7 million, or 15.4%, and favorable foreign currency translation of $0.9 million, or 0.2%, partially offset by lower organic sales of $17.5 million, or 4.2%.
Previous report
•Service revenue increased by $18.7 million, or 27.8%, to $86.0 million in 2026, driven by sales benefit from Antares Vision acquisition of $15.3 million, or 22.7%, and favorable pricing.
Previous report
Selling, general and administrative expense increased by $38.3 million, or 38.7%, to $137.2 million in 2026, due to the impact of the Antares Vision acquisition, partially offset by cost saving actions.
Previous report
•Assumed $123.5 million of Antares Vision debt, of which $115.1 million was repaid during the second quarter of 2026. The remaining balance was repaid subsequent to the quarter-end.
Previous report
•Repaid $112.4 million of borrowings under Term Loan A during the six month ended June 30, 2026.
Reworded paragraphs (30)
Previous wording
In the six months ended June 30, 2026, we borrowed €317.9 million, or $366.9 million, under the Term Loan B to fund the acquisition of Antares Vision and assumed $123.5 million of Antares Vision debt, $115.1 million of which was subsequently repaid in the second quarter of 2026. We borrowed $159.4 million and repaid $101.0 million on our Revolving Facility to fund the settlement of Antares Vision debt and working capital requirements. In addition, we repaid $112.4 million of Term Loan A.
Current wording
In the nine months ended September 30, 2026, we borrowed €367.9 million, or $424.5 million, under the Term Loan B to fund the acquisition of Antares Vision and repay a portion of Term Loan A. We assumed $123.5 million of Antares Vision debt, which was subsequently repaid with proceeds from borrowings under the revolving facility denominated in euro. We borrowed $316.3 million and repaid $209.0 million on our Revolving Facility to fund the settlement of Antares Vision debt, repay a portion of Term Loan A, and support the Company’s working capital requirements. In total, we repaid $277.3 million of Term Loan A.
Previous wording
The following information should be read in conjunction with our Unaudited Condensed Consolidated financial statements and related notes. All comparisons below refer to the second quarter 2026 versus the second quarter 2025, unless otherwise specified.
Current wording
The following information should be read in conjunction with our Unaudited Condensed Consolidated financial statements and related notes. All comparisons below refer to the third quarter 2026 versus the third quarter 2025, unless otherwise specified.
Previous wording
Sales increased by $88.8 million, or 22.0%, to $493.2 million in 2026. The change in sales included:
Current wording
Sales increased by $52.0 million, or 11.7%, to $497.1 million in 2026. The change in sales included:
Previous wording
•favorable foreign currency translation of $2.9 million, or 0.8%.
Current wording
•unfavorable foreign currency translation of $2.9 million, or 0.6%.
Previous wording
Selling, general and administrative expenses increased by $22.7 million, or 20.0%, to $136.3 million in 2026. The increase was driven by the impact of acquisitions, partially offset by lower transaction related expenses and the impact of cost saving actions.
Current wording
Selling, general and administrative expenses increased by $18.9 million, or 17.6%, to $126.1 million in 2026. The increase was driven by the Antares Vision acquisition, partially offset by cost saving actions.
Previous wording
Operating profit increased by $21.0 million, or 43.8%, to $68.9 million in 2026. The increase was driven by the SAT segment from the impact of higher sales volumes in the Currency business, productivity gains and cost saving actions in Crane Authentication, favorable pricing across both segments, the impact of cost saving actions in CPI and lower transaction related expenses of $8.0 million, or 16.7%. These favorable impacts were partially offset by acquisition related amortization in Antares Vision, the impact of lower volumes in CPI, and unfavorable mix across both segments.
Current wording
Operating profit decreased by $16.2 million, or 19.8%, to $65.7 million in 2026. The decrease was driven by acquisition related amortization associated with the Antares Vision acquisition, the impact of lower volumes in CPI, and unfavorable mix across both segments. These impacts were partially offset by higher volumes in the SAT segment and productivity gains including cost saving actions.
Previous wording
Our effective tax rate for the three months ended June 30, 2026 was higher than the prior year’s comparable period primarily due to the mix of non-U.S. earnings.
Current wording
Our effective tax rate for the three months ended September 30, 2026 was lower than the prior year’s comparable period primarily due to the mix of non-U.S. earnings.
Previous wording
•Banknote and security product sales increased by $22.0 million, or 15.3%, to $165.5 million in 2026. The increase was driven by organic sales growth of $18.7 million, or 13.0%, reflecting higher volumes from international markets. Favorable foreign currency translation of $3.3 million, or 2.3%, reflects the strengthening of the Swedish krona and euro against the U.S. dollar.
Current wording
•Banknote and security product sales increased by $9.7 million, or 5.8%, to $177.9 million in 2026. The increase was driven by organic sales growth of $11.2 million, or 6.7%, reflecting higher volumes from international markets, partially offset by unfavorable foreign currency translation of $1.5 million, or 0.9%, reflecting the weakening of the euro and Swedish krona against the U.S. dollar.
Previous wording
•Sales of Detection and Inspection products and solutions increased by $38.2 million, or 21.6%, to $215.3 million in 2026. The increase was driven by sales benefit from the Antares Vision acquisition of $48.4 million, 27.3%, partially offset by organic sales decline of $8.8 million, or 5.0%, due to lower volumes in hardware and vending, and unfavorable foreign currency translation of $1.4 million, or 0.7%, reflecting the weakening of the Japanese yen against the U.S. dollar, partially offset by strengthening of the Australian dollar against the U.S. dollar.
Current wording
•Sales of Detection and Inspection products and solutions increased by $23.5 million, or 13.0%, to $204.8 million in 2026. The increase was driven by sales benefit from the Antares Vision acquisition of $36.8 million, 20.3%, partially offset by organic sales decline of $12.1 million, or 6.7%, due to lower volumes in CPI hardware and vending, and unfavorable foreign currency translation of $1.2 million, or 0.7%, reflecting the weakening of the Japanese yen against the U.S. dollar, partially offset by strengthening of the Australian dollar against the U.S. dollar.
Previous wording
Operating profit decreased by $5.0 million, or 10.2%, to $44.0 million in 2026. The decrease reflects acquisition related amortization as a result of Antares Vision acquisition, impact of lower volumes and unfavorable mix in CPI of $28.7 million, or 58.6%, partially offset by favorable pricing net of inflation and the impact of cost saving actions of $20.1 million, or 41%.
Current wording
Operating profit decreased by $25.0 million, or 41.2%, to $35.7 million in 2026. The decrease reflects acquisition related amortization from the Antares Vision acquisition, the impact of lower volumes and unfavorable mix of $41.7 million, or 68.7%, partially offset by favorable pricing net of inflation and the impact of cost saving actions of $16.7 million, or 27.5%.
Previous wording
The following information should be read in conjunction with our Unaudited Condensed Consolidated Financial Statements and related notes. All comparisons below refer to the first six months of 2026 versus the first six months of 2025, unless otherwise specified.
Current wording
The following information should be read in conjunction with our Unaudited Condensed Consolidated Financial Statements and related notes. All comparisons below refer to the first nine months of 2026 versus the first nine months of 2025, unless otherwise specified.
Previous wording
Sales increased by $146.2 million, or 19.9%, to $880.9 million in 2026. The change in sales included:
Current wording
Sales increased by $198.2 million, or 16.8%, to $1,378.0 million in 2026. The change in sales included:
Previous wording
•the sales benefit from the De La Rue and Antares Vision acquisitions of $101.1 million, or 13.8%,
Current wording
•the sales benefit from the De La Rue and Antares Vision acquisitions of $151.1 million, or 12.8%,
Previous wording
Cost of sales increased by $90.7 million, or 21.3%, to $516.4 million in 2026. The increase was driven by the impact of the De La Rue and Antares Vision acquisitions of $53.7 million, or 12.6%, acquisition related amortization and unfavorable mix, partially offset by productivity gains.
Current wording
Cost of sales increased by $137.4 million, or 20.3%, to $815.6 million in 2026. The increase was driven by the impact of the De La Rue and Antares Vision acquisitions of $78.1 million, or 11.5%, acquisition related amortization and unfavorable mix of $68.1 million, or 10.0%, partially offset by productivity gains.
Previous wording
Selling, general and administrative expenses increased by $50.4 million, or 23.3%, to $266.9 million in 2026. The increase was driven by the impact of the acquisitions, partially offset by cost saving actions.
Current wording
Selling, general and administrative expenses increased by $69.3 million, or 21.4%, to $393.0 million in 2026. The increase was driven by the impact of the acquisitions, partially offset by the benefit from cost saving actions.
Previous wording
Our effective tax rate for the six months ended June 30, 2026 was higher than the prior year’s comparable period primarily due to mix of non-U.S. earnings.
Current wording
Our effective tax rate for the nine months ended September 30, 2026 was lower than the prior year’s comparable period primarily due to mix of non-U.S. earnings.
Previous wording
Sales increased by $99.1 million, or 30.9%, to $419.5 million in 2026, reflecting the sales benefit from the De La Rue acquisition of $37.4 million, or 11.7%, higher organic sales of $47.1 million, or 14.7% and favorable foreign currency translation of $14.6 million, or 4.6%.
Current wording
Sales increased by $113.8 million, or 20.7%, to $663.0 million in 2026, reflecting the sales benefit from the De La Rue acquisition of $37.4 million, or 6.8%, higher organic sales of $63.5 million, or 11.6% and favorable foreign currency translation of $12.9 million, or 2.3%.
Previous wording
•Banknote and security product sales increased by $69.0 million, or 29.1%, to $305.9 million in 2026, reflecting higher organic sales growth in both the U.S. and international markets, and favorable foreign currency translation, as the Swedish Krona and euro strengthened against the U.S. dollar.
Current wording
•Banknote and security product sales increased by $78.7 million, or 19.4%, to $483.8 million in 2026, reflecting higher organic sales growth in both the U.S. and international markets, and favorable foreign currency translation, as the Swedish krona and euro strengthened against the U.S. dollar.
Previous wording
•Authentication products and solutions sales increased by $30.1 million, or 36.0%, to $113.6 million in 2026, driven by the sales benefit from the De La Rue acquisition.
Current wording
•Authentication products and solutions sales increased by $35.1 million, or 24.4%, to $179.2 million in 2026, driven by the sales benefit from the De La Rue acquisition.
Previous wording
Cost of sales increased by $60.8 million, or 28.9%, to $271.0 million in 2026, due to the impact of the De La Rue acquisition of $26.6 million, or 12.7%, acquisition related amortization, the impact of higher volumes in the Currency business, higher manufacturing expenses, unfavorable mix and foreign currency translation, partially offset by productivity gains.
Current wording
Cost of sales increased by $66.6 million, or 18.8%, to $420.1 million in 2026, due to the impact of higher volumes in the Currency business and higher manufacturing expenses of $36.1 million, or 10.2%, driven by inflation, freight and capacity expansion actions. Cost of sales was also impacted by the De La Rue acquisition of $26.6 million, or 7.5%, acquisition related amortization, unfavorable mix and unfavorable foreign currency translation, partially offset by productivity gains.
Previous wording
Operating profit increased by $33.6 million, or 164.7%, to $54.0 million in 2026, driven by the impact of higher volumes of $33.0 million in the Currency business. Productivity gains including the impact of cost saving actions were largely offset by acquisition related amortization and unfavorable mix.
Current wording
Operating profit increased by $40.4 million, or 67.7%, to $100.1 million in 2026, driven by the impact of higher sales volumes of $42.7 million, or 71.5%, in the Currency business. Productivity gains including the impact of cost saving actions were more than offset by the impact of the De La Rue acquisition related amortization and unfavorable mix.
Previous wording
•Sales of Detection and Inspection Products and Solutions increased by $28.4 million, or 8.2%, to $375.4 million in 2026. The increase was driven by the Antares Vision acquisition, which contributed $48.4 million, or 13.9%, and favorable foreign currency translation of $0.8 million, or 0.3%, reflecting the strengthening of the British pound and Australian dollar against the U.S. dollar, partially offset by the weakening of the Japanese yen against the U.S. dollar. This increase was partially offset by lower organic sales of $20.8 million, or 6.0%, as favorable pricing was more than offset by lower volumes in hardware and vending.
Current wording
•Sales of Detection and Inspection products and solutions increased by $51.9 million, or 9.8%, to $580.2 million in 2026, driven by the Antares Vision acquisition, which contributed $85.2 million, or 16.1%. This increase was partially offset by lower organic sales of $32.9 million, or 6.2%, as favorable pricing was more than offset by lower volumes in hardware and vending.
Previous wording
Cost of sales increased by $29.9 million, or 13.9%, to $245.4 million in 2026, driven by the impact of Antares Vision acquisition, and unfavorable mix, partially offset by impact of lower sales volumes.
Current wording
Cost of sales increased by $70.7 million, or 21.8%, to $395.4 million in 2026, driven by the impact of Antares Vision acquisition and unfavorable mix of $67.8 million, or 20.9%, partially offset by impact of lower sales volumes and cost saving actions.
Previous wording
Operating profit decreased by $23.3 million, or 23.6%, to $75.4 million in 2026, due to incremental costs associated with the Antares Vision acquisition including amortization and stock-based compensation expense of $23.1 million, or 23.4%. Favorable pricing net of inflation and productivity gains, including the benefit of cost saving actions, of $24.2 million, or 24.5% were more than offset by lower volumes and unfavorable mix in CPI of $25.7 million, or 26.0%.
Current wording
Operating profit decreased by $48.3 million, or 30.3%, to $111.1 million in 2026, due to incremental costs associated with the Antares Vision acquisition including amortization and stock-based compensation expense of $45.7 million, or 28.7%. Favorable pricing net of inflation and the benefit of cost saving actions, of $39.5 million, or 24.8% were more than offset by lower volumes and unfavorable mix in CPI of $45.4 million, or 28.5%.
Previous wording
In the six months ended June 30, 2026, we performed the following debt related activity:
Current wording
In the nine months ended September 30, 2026, we performed the following debt related activity:
Previous wording
•Borrowed €317.9 million, or $366.9 million, under the Term Loan B to fund the acquisition of Antares Vision.
Current wording
•Borrowed €367.9 million, or $424.5 million, under the Term Loan B to fund the acquisition of Antares Vision and repay a portion of Term Loan A.
Previous wording
•Borrowed $159.4 million and repaid $101.0 million on our Revolving Facility to fund the repayment of Antares Vision debt and support working capital needs.
Current wording
•Borrowed $316.3 million and repaid $209.0 million on our Revolving Facility to fund the repayment of Antares Vision debt, repay a portion of Term Loan A, and support working capital needs.
Previous wording
Cash provided by operating activities was $72.7 million in the first six months of 2026, compared with $43.7 million in the prior year period, reflecting higher sales partially offset by higher working capital usage.
Current wording
Cash provided by operating activities was $184.5 million in the first nine months of 2026, compared with $135.7 million in the prior year period, reflecting higher sales and lower working capital usage.
Previous wording
Cash used for investing activities was $244.1 million in the first six months of 2026, compared with $412.6 million in the prior year period, due to lower acquisition related cash outflows in 2026 following the Antares Vision step acquisition initiated in the fourth quarter of 2025.
Current wording
Cash used for investing activities was $258.0 million in the first nine months of 2026, compared with $422.7 million in the prior year period, due to lower acquisition related cash outflows in 2026 following the Antares Vision step acquisition initiated in the fourth quarter of 2025. Proceeds from disposition of assets were partially offset by higher capital expenditures.
Previous wording
Cash provided by financing activities was $170.3 million during the first six months of 2026, compared with $344.8 million in the prior year period, reflecting higher repayments of acquisition related debt, including debt assumed in connection with the Antares Vision acquisition.
Current wording
Cash provided by financing activities was $92.3 million during the first nine months of 2026, compared with $293.3 million in the prior year period, reflecting higher repayments of acquisition related debt, including debt assumed in connection with the Antares Vision acquisition.