Crane Company Earnings Call Transcripts
Fiscal Year 2026
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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, driven by aerospace and advanced tech. Recent acquisitions are expected to be accretive in 2026, with initial adjusted EPS guidance of $6.55–$6.75. Chemical markets remain weak, but other verticals show strength.
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Q3 delivered 5.6% core sales growth and 19% higher adjusted operating profit, with strong Aerospace & Electronics and Process Flow Technologies performance. Full-year adjusted EPS guidance was raised to $5.75-$5.95, and the PSI acquisition remains on track to close at year-end.
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Q2 saw robust 6.5% core sales growth and a 20% rise in core orders, led by Aerospace & Electronics. The PSI acquisition will expand technology capabilities, and full-year adjusted EPS guidance was raised to $5.50–$5.80. Strong backlog and disciplined execution support continued outperformance.
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Adjusted EPS reached $1.39 on 7.5% core sales growth, with strong performance in both major segments and a record backlog. Full-year 2025 adjusted EPS guidance of $5.30–$5.60 was reaffirmed, with tariff impacts largely mitigated and a robust M&A pipeline in place.
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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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Strong Q4 and 2024 results exceeded expectations, with 14% sales growth and 28% EPS growth year-over-year. The company completed a major divestiture, expanded margins in both core segments, and issued robust 2025 guidance, supported by a strong M&A pipeline and balance sheet.
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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.