Crane Company · NYSE:CR
Crane — Q2 2025 Earnings Presentation
17 slides from Crane's earnings presentation, Jul 29, 2025
Slide 1: Q2 2025 Earnings Release Call
Q2 2025 EARNINGS RELEASE CALL JULY 29, 2025
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: Second Quarter Results
SECOND QUARTER RESULTS $ Millions GAAP Adjusted* except per-share amounts Q2 2025 Q2 2024 Change Q2 2025 Q2 2024 Change SALES $577.2 $528.6 +9.2% $577.2 $528.6 +9.2% OPERATING PROFIT $102.9 $89.3 +15.2% $109.3 $95.3 +14.7% OPERATING MARGIN 17.8% 16.9% +90 bps 18.9% 18.0% +90 bps EARNINGS PER SHARE $
Slide 4: Aerospace & Electronics
AEROSPACE & ELECTRONICS $ Millions GAAP Adjusted* except per-share amounts Q2 2025 Q2 2024 Change Q2 2025 Q2 2024 Change SALES $258.2 $230.9 +11.8% $258.2 $230.9 +11.8% OPERATING PROFIT $67.9 $52.7 +28.8% $68.0 $54.9 +23.9% OPERATING MARGIN 26.3% 22.8% +350 bps 26.3% 23.8% +250 bps BACKLOG $1,052.8
Slide 5: Process Flow Technologies
PROCESS FLOW TECHNOLOGIES $ Millions GAAP Adjusted* except per-share amounts Q2 2025 Q2 2024 Change Q2 2025 Q2 2024 Change SALES $319.0 $297.7 +7.2% $319.0 $297.7 +7.2% OPERATING PROFIT $63.9 $59.5 +7.4% $65.9 $60.9 +8.2% OPERATING MARGIN 20.0% 20.0% — bps 20.7% 20.5% +20 bps BACKLOG $403.1 $399.9 +
Slide 6: Acquisition of PSI
ACQUISITION OF PSI Agreement to purchase Precision Sensing and Instrumentation (PSI) from Baker Hughes • Provider of mission critical sensor-based control technologies for use in detection, measurement and calibration in harsh environments with zero tolerance for failure Purchase Price • All cash tr
Slide 7: Iconic Brands Additive to Crane's Portfolio
ICONIC BRANDS ADDITIVE TO CRANE’S PORTFOLIO Pressure sensors and test & Radiation detectors, flame and Flow meters, gas and calibration equipment for neutron detectors, and high- moisture analyzers, and flare Aerospace, defense and performance sensors for management solutions for industrial applicat
Slide 8: Capital Optionality Today
CAPITAL OPTIONALITY TODAY Pro forma as of July 15, 2025 debt repayment ~$1,085M Liquidity Additional Details $800M ▪ Interest rate on Term Loan Undrawn (~5.9% in current market conditions) Revolver ▪ Post the acquisition of PSI, we anticipate leverage of ~1x $0 ▪ Post Q2 close, we repaid $47M of the
Slide 9: On Track for Strong Performance in 2025
ON TRACK FOR STRONG PERFORMANCE IN 2025 FY 2025 FY 2025 $ millions except EPS CURRENT PRIOR Key Highlights for 2025 Revenue GUIDANCE GUIDANCE Core sales growth** in the range of 4-6% Revenue $2,250 - $2,290 $2,230 - $2,270 FX Tailwind ~+1% benefit (from ~1% Adjusted Segment Operating Profit* $505-$5
Slide 10: Our Thesis - Building Momentum
OUR THESIS - BUILDING MOMENTUM Solid organic growth Continued margin profile, led by 4-6% 35%-40% expansion, technology innovation Operating led by superior and new product Core Growth products, strong development Leverage pricing, and operational excellence Growth Disciplined approach to acquisitio
Slide 11: Non-GAAP Information and Appendix
Non-GAAP Information and Appendix July 29, 2025
Slide 12: 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 EBITDA, adjusted
Slide 13: 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 14: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES Non-GAAP Financial Measures Three Months Ended June 30, (unaudited, in millions, except per share data) 2025 2024 % Change $ Per Share $ Per Share (on $) Net sales (GAAP) $ 577.2 $ 528.6 9.2 % Adjusted Operating Profit and Adjusted Operating Profit Margin Operating profit
Slide 15: Non-GAAP Financial Measures by Segment
NON-GAAP FINANCIAL MEASURES Non-GAAP Financial Measures by Segment (unaudited, in millions) Aerospace & Process Flow Total Three Months Ended June 30, 2025 Electronics Technologies Corporate Company Net sales $ 258.2 $ 319.0 $ — $ 577.2 Operating profit (GAAP) $ 67.9 $ 63.9 $ (28.9) $ 102.9 Operatin
Slide 16: Adjusted Free Cash Flow
NON-GAAP FINANCIAL MEASURES Adjusted Free Cash Flow (unaudited, in millions) Three Months Ended Six Months Ended June 30, June 30, Cash Flow Items 2025 2024 2025 2024 Cash provided by (used for) operating activities from continuing operations $ 105.0 $ 51.3 $ 58.8 $ (19.6) Less: Capital expenditures
Slide 17: Innovating for Tomorrow
crane] 170 INNOVATING FOR TOMORROW