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Crane NXT, Inc. CXT DTT — Restructuring Charges
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Where this comes from
Reported directly by Crane NXT, Inc. in its filing.
Tagged under the XBRL concept us-gaap:RestructuringCharges.
The source filing: Crane NXT, Inc.’s 10-Q, filed August 5, 2026.
- Filed
- Aug 5, 2026, 4:31 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000025445-26-000034
- During the three-and-six months ended June 30, 2026, we recorded restructuring charges of $0.9 million and $3.1 million, respectively, related to severance and facility exit activities associated with the integration of the DLR and OpSec businesses. As of June 30, 2026, cumulative restructuring charges associated with this initiative were $15.3 million. Total program costs are expected to be approximately $25 million.
- For the three-and-six months ended June 30, 2026, we recorded severance costs of $2.5 million and $3.1 million to better align CPI’s cost structure with current economic conditions. As of June 30, 2026, cumulative restructuring charges associated with this initiative were $7.8 million. We continue to evaluate and align CPI’s cost structure with existing economic conditions which could result in further actions in 2026.
Item 1. Financial Statements (Unaudited)
FAQ
- What is Crane NXT, Inc.'s DTT — restructuring charges?
- Crane NXT, Inc. (CXT) reported DTT — restructuring charges of $900K in Q2 2026.
- How has Crane NXT, Inc.'s DTT — restructuring charges changed year-over-year?
- Crane NXT, Inc.'s DTT — restructuring charges decreased by 85.2% year-over-year, from $6.1M to $900K.
- What does DTT — restructuring charges mean?
- This metric quantifies the costs incurred during a specific period related to organizational realignment, facility consolidation, or workforce optimization within the Security and Authentication Technologies segment. These charges are typically associated with efforts to improve operational efficiency and streamline the cost structure. Investors track these expenses to gauge the short-term impact of strategic pivots versus long-term margin improvement initiatives.
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