Crane Company Earnings Call Transcripts
Fiscal Year 2026
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Record Q3 results featured 8% core sales growth, a 22.5% adjusted operating margin and backlog up 9% YoY. The adjusted FY2026 EPS range rose to $7.23-$7.38, supported by strong segment demand and acquisition performance.
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Record Q2 results featured 26% sales growth, margin expansion, and strong execution across both segments. Acquisitions outperformed, raising full-year EPS guidance to $6.85-$7.05. Backlog and demand trends support a positive outlook for the second half and beyond.
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First quarter 2026 results exceeded expectations with 25% sales growth, strong acquisition performance, and raised full-year EPS guidance to $6.65–$6.85. Aerospace & Advanced Technologies and Process Flow Technologies both delivered robust results, while proactive cost and pricing actions are offsetting inflation and geopolitical risks.
Fiscal Year 2025
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Q4 2025 saw 5.4% core sales growth and 21% higher adjusted EPS, led by Aerospace and Advanced Technologies. Recent acquisitions expand the portfolio and are expected to be accretive in 2026, with guidance for 10% adjusted EPS growth at the midpoint. Net leverage remains moderate after M&A.
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Adjusted EPS rose to $1.64 on 5.6% core sales growth, with Aerospace & Electronics and Process Flow Technologies driving strong results. Full-year adjusted EPS guidance was raised to $5.75-$5.95, and the PSI acquisition is on track to close, expected to be accretive.
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Q2 2025 saw strong core sales and profit growth, led by Aerospace & Electronics and Process Flow Technologies, with record backlogs and robust demand. The PSI acquisition is set to enhance capabilities and drive future growth, while full-year EPS guidance was raised on continued execution.
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Adjusted EPS reached $1.39 on 7.5% core sales growth, with strong performance in both aerospace and process flow technologies. Full-year 2025 EPS guidance of $5.30–$5.60 was reaffirmed, supported by robust backlogs, active M&A, and effective tariff mitigation.
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Streamlined into two high-performing segments, the business delivered strong 2024 growth and margin expansion, with a clear strategy to double in size over five years through disciplined M&A and innovation. Process Flow Technologies is now focused on high-growth, high-margin markets, supported by operational excellence and a robust new product pipeline.
Fiscal Year 2024
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Delivered strong Q4 and full-year 2024 results with double-digit EPS and sales growth, driven by both core segments and strategic acquisitions. Outlook for 2025 remains positive with robust guidance, a healthy M&A pipeline, and continued margin expansion.
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Q3 results exceeded expectations with 6% core sales growth and 19% EPS guidance increase, driven by strong Aerospace & Electronics and Process Flow Technologies performance. Operational disruptions from hurricanes were offset by insurance, and the M&A pipeline remains robust.
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Q2 results exceeded expectations with 9% core sales growth and 22% adjusted operating profit growth. Full-year EPS guidance was raised, driven by strong performance in Aerospace & Electronics and Process Flow Technologies, robust backlog, and successful M&A integration.