Slide 1: CRANE Q4 2024 Earnings Release Call
CRANE Q4 2024 Earnings Release Call
Slide 2: Forward-Looking Statements – Disclaimer
Forward-Looking Statements – Disclaimer This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical statements of fact and those regarding our intent, belief, or expectations, inclu
Slide 3: Highlights from Fourth Quarter 2024 Results
Highlights from Fourth Quarter 2024 Results $ Millions GAAP Adjusted* except per-share amounts Q4 2024 Q4 2023 Change Q4 2024 Q4 2023 Change Sales $544 $484 12% $544 $484 +12% Operating Profit $86 $62 +38% $96 $70 +38% Operating Margin 15.8% 12.9% +290 bps 17.7% 14.5% +320 bps Earnings per Share $1.
Slide 4: Aerospace & Electronics
Aerospace & Electronics $ Millions GAAP Adjusted* Q4 2024 Q4 2023 Change Q4 2024 Q4 2023 Change Sales $237 $213 +11% $237 $213 +11% Operating Profit $53 $43 +24% $55 $43 +28% Operating Margin 22.4% 20.2% +220 bps 23.1% 20.2% +290 bps Backlog $864 $701 +23% $864 $701 +23% ADDITIONAL DETAILS Q4 2024 Q
Slide 5: Process Flow Technologies
Process Flow Technologies $ Millions GAAP Adjusted* Q4 2024 Q4 2023 Change Q4 2024 Q4 2023 Change Sales $307 $272 +13% $307 $272 +13% Operating Profit $58 $43 +34% $62 $46 +36% Operating Margin 19.0% 16.0% +300 bps 20.3% 17.0% +330 bps Backlog $376 $379 (1)% $376 $379 (1)% ADDITIONAL DETAILS Q4 2024
Slide 6: Crane Company Capital Structure
Crane Company Capital Structure AS OF December 31, 2024 ADDITIONAL DETAILS $1,200 ~$1,107 Million ▪ Interest rate on Term Loan (~5.9% in current market Liquidity conditions) $1,000 ▪ Term Loan and Revolver provide flexibility for early repayment from strong underlying free cash flow $800 $800 Millio
Slide 7: Crane Company 2025 Outlook
Crane Company 2025 Outlook Key Highlights for 2025 Revenue FY2025 ▪ Core sales growth in the range of 4-6% $ millions except EPS Guidance ▪ Aerospace & Electronics + HSD Revenue $2,230 - $2,270 ▪ Process Flow Technologies +L-MSD Adjusted Segment Operating Profit $500-$515 Adjusted Segment Operating
Slide 8: Momentum Continues
Momentum Continues ▪ Solid organic growth ▪ Continued margin profile, led by technology 35%-40% expansion, led by superior 4-6% Core innovation and new Growth Operating products, strong pricing, product development Leverage and operational excellence Growth ▪ Disciplined approach to through Net Cash
Slide 9: Non-GAAP Information and Appendix
Non-GAAP Information and Appendix December 31, 2024
Slide 10: Non-GAAP Explanation (1/2)
Non-GAAP Explanation (1/2) Crane Company reports its financial results in accordance with U.S. generally accepted accounting principles (“GAAP”). This presentation includes certain non-GAAP financial measures, including adjusted operating profit, adjusted operating margin, adjusted EPS, Free Cash Fl
Slide 11: Non-GAAP Explanation (2/2)
Non-GAAP Explanation (2/2) We believe that each of the following non-GAAP measures provides useful information to investors regarding the Company’s financial conditions and operations: "Adjusted Operating Profit" and "Adjusted Operating Margin" add back to Operating Profit items which are outside of
Slide 12: Non-GAAP Financial Measures
Non-GAAP Financial Measures Three Months Ended December 31, Non-GAAP Financial Measures 2024 2023 % Change (unaudited, in millions, except per share data) $ Per Share $ Per Share (on $) Net sales (GAAP) $ 544.1 $ 484.3 12.3 % Adjusted Operating Profit and Adjusted Operating Profit Margin Operating p
Slide 13: Non-GAAP Financial Measures by Segment
Non-GAAP Financial Measures Non-GAAP Financial Measures by Segment (unaudited, in millions) Aerospace & Process Flow Three Months Ended December 31, 2024 Electronics Technologies Corporate Total Company Net sales $ 236.8 $ 307.3 $ — $ 544.1 Operating profit (GAAP) $ 53.1 $ 58.4 $ (25.3) $ 86.2 Opera
Slide 14: Adjusted Free Cash Flow
Non-GAAP Financial Measures Adjusted Free Cash Flow (unaudited, in millions) Three Months Ended Twelve Months Ended December 31, December 31, Cash Flow Items 2024 2023 2024 2023 Cash provided by operating activities from continuing operations $ 202.0 $ 141.9 $ 257.8 $ 162.1 Less: Capital expenditure
Slide 15: 2024 Quarterly Adjustments
Non-GAAP Financial Measures 2024 Quarterly Adjustments (unaudited, in millions, expect for per share data) (a) For year ended December 31, 2024 First Quarter Second Quarter Third Quarter Fourth Quarter Full Year Net sales $ 510.2 $ 528.6 $ 548.3 $ 544.1 $ 2,131.2 Cost of sales 303.4 317.1 321.3 321.
Slide 16: Slide 16