Q3 2025 Crane Co Earnings Call Transcript
Key Points
- 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.
- 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.
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.
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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