Crane Co (NYSE:CR)
$ 217.38 -0.16 (-0.07%) Market Cap: 12.55 Bil Enterprise Value: 13.41 Bil PE Ratio: 39.10 PB Ratio: 5.99 GF Score: 84/100

Q3 2025 Crane Co Earnings Call Transcript

Oct 28, 2025 / 02:00PM GMT
Release Date Price: $191.29 (+0.03%)

Key Points

Positve
  • Crane Co (CR) reported a strong quarter with adjusted EPS of $1.64, driven by 5.6% core sales growth.
  • The company is raising its full-year adjusted earnings outlook to a range of $5.75 to $5.95, reflecting a 20% adjusted EPS growth at the midpoint compared to 2024.
  • The pending acquisition of precision sensors and instrumentation from Baker Hughes is on track to close at year-end, with integration planning progressing smoothly.
  • Aerospace & Electronics segment showed strong performance with a 13% increase in sales, driven by both commercial and military markets.
  • Crane Co (CR) maintains a strong balance sheet with a robust pipeline of acquisitions and remains active on the M&A front.
Negative
  • The chemical markets remain soft, particularly in Europe and China, impacting the Process Flow Technologies segment.
  • There is an expected deceleration in year-over-year growth rates in the commercial aftermarket for Q4.
  • Tariff headwinds are expected to increase costs by roughly $30 million for the year.
  • Corporate expenses are expected to be higher than previously anticipated due to M&A activity.
  • The company anticipates a modestly lower operating margin in Q4 due to typical seasonality and less favorable mix between commercial OE and aftermarket.
Operator

Welcome to the Crane Company third-quarter 2025 earnings conference call. (Operator Instructions)

I would now like to turn the call over to Allison Poliniak, Vice President of Investor Relations.

Allison Poliniak
Crane Co - Vice President of Investor Relations

Thank you, operator. And good day, everyone. Welcome to our third-quarter 2025 earnings release conference call. I'm Allison Poliniak, Vice President of Investor Relations.

On our call this morning, we have Max Mitchell, our Chairman, President, and Chief Executive Officer; Alex Alcala, Executive Vice President and Chief Operating Officer; and Rich Maue, our Executive Vice President and Chief Financial Officer; along with Jason Feldman, Senior Vice President, Treasury, Tax and Investor Relations, who is on for Q&A. We will start off our call with a few prepared remarks from Max, Alex, and Rich, after which, we will respond to your questions.

Just a reminder, the comments we make on this call will include some forward-looking statements. We refer you towards the cautionary

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