Q4 2025 Crane Co Earnings Call Transcript
Key Points
- Crane Co (CR) reported a 21% increase in adjusted EPS for the fourth quarter, driven by a 5.4% core sales growth.
- The company successfully integrated acquisitions such as Druck, Panametrics, and Reuter-Stokes, which are expected to be slightly accretive to 2026 earnings.
- Crane Co (CR) announced a strong backlog in the Aerospace & Advanced Technologies segment, with a 25% year-over-year increase.
- The company maintained a net leverage of 1.4 times, indicating a strong balance sheet position for future M&A activities.
- Crane Co (CR) provided a positive 2026 guidance with an expected adjusted EPS growth of 10% at the midpoint.
- The Process Flow Technologies segment experienced a 7% decrease in core FX-neutral backlog, reflecting challenges in the chemical markets.
- The integration of recent acquisitions is expected to be dilutive to overall segment margins in the near term.
- Crane Co (CR) anticipates a seasonally soft first quarter in 2026, with earnings expected to be flat compared to the first quarter of 2025.
- The company faces challenges in the commercial aftermarket, with decelerating growth rates expected in 2026.
- Crane Co (CR) will not benefit from the $0.16 insurance recovery seen in 2025, impacting year-over-year comparisons.
Welcome to the Crane Company fourth-quarter 2025 earnings conference call. (Operator Instructions)
I would now like to turn the call over to Allison Ploniak, Vice President of Investor Relations.
Thank you, Madison. And good day, everyone. Welcome to our fourth-quarter 2025 earnings release conference call. I'm Allison Ploniak, 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 incoming CEO; 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 to the
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