Crane Company · NYSE:CR
Crane — Q1 2025 Earnings Presentation
15 slides from Crane's earnings presentation, Apr 29, 2025
Slide 1: Crane Q1 2025 Earnings Release Call
CRANE Q1 2025 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: First Quarter Results
FIRST QUARTER RESULTS $ Millions GAAP Adjusted* except per-share amounts Q1 2025 Q1 2024 Change Q1 2025 Q1 2024 Change SALES $557.6 $510.2 +9.3% $557.6 $510.2 +9.3% OPERATING PROFIT $101.1 $81.3 +24.4% $104.1 $88.5 +17.6% OPERATING MARGIN 18.1% 15.9% +220 bps 18.7% 17.3% +140 bps EARNINGS PER SHARE
Slide 4: Aerospace & Electronics
AEROSPACE & ELECTRONICS $ Millions GAAP Adjusted* except per-share amounts Q1 2025 Q1 2024 Change Q1 2025 Q1 2024 Change SALES $248.9 $225.9 +10.2% $248.9 $225.9 +10.2% OPERATING PROFIT $64.6 $48.3 +33.7% $64.6 $50.7 +27.4% OPERATING MARGIN 26.0% 21.4% +460 bps 26.0% 22.4% +360 bps BACKLOG $960.1 $7
Slide 5: Process Flow Technologies
PROCESS FLOW TECHNOLOGIES $ Millions GAAP Adjusted* except per-share amounts Q1 2025 Q1 2024 Change Q1 2025 Q1 2024 Change SALES $308.7 $284.3 +8.6% $308.7 $284.3 +8.6% OPERATING PROFIT $62.8 $56.9 +10.4% $64.4 $59.2 +8.8% OPERATING MARGIN 20.3% 20.0% +30 bps 20.9% 20.8% +10 bps BACKLOG $389.9 $393.
Slide 6: Capital Optionality Today
CAPITAL OPTIONALITY TODAY As of March 31, 2025 ~$1,235M Liquidity Additional Details $800M ▪ Interest rate on Term Loan Undrawn (~5.9% in current market conditions) Revolver ~$247 M ▪ Term Loan and Revolver provide flexibility for early repayment from strong underlying free cash flow Total Debt ▪ Re
Slide 7: On Track for Strong Performance in 2025
ON TRACK FOR STRONG PERFORMANCE IN 2025 $ millions except EPS FY 2025 GUIDANCE Key Highlights for 2025 Revenue REVENUE $2,230 - $2,270 Core sales growth in the range of 4-6% ADJUSTED SEGMENT OPERATING PROFIT* $500-$515 ▪ Aerospace & Electronics + HSD ADJUSTED SEGMENT OPERATING MARGIN* 22.5%+ ▪ Proce
Slide 8: 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 9: Non-GAAP Information and Appendix
Non-GAAP Information and Appendix April 28, 2025
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 Non-GAAP Financial Measures Three Months Ended March 31, 2025 2024 % Change (unaudited, in millions, except per share data) $ Per Share $ Per Share (on $) Net sales (GAAP) $ 557.6 $ 510.2 9.3 % Adjusted Operating Profit and Adjusted Operating Profit Margin Operating profi
Slide 13: 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 March 31, 2025 Electronics Technologies Corporate Company Net sales $ 248.9 $ 308.7 $ — $ 557.6 Operating profit (GAAP) $ 64.6 $ 62.8 $ (26.3) $ 101.1 Operati
Slide 14: Adjusted Free Cash Flow
NON-GAAP FINANCIAL MEASURES Adjusted Free Cash Flow (unaudited, in millions) Three Months Ended March 31, Cash Flow Items 2025 2024 Cash used for operating activities from continuing operations $ (46.2) $ (70.9) Less: Capital expenditures (14.2) (8.0) Free cash flow $ (60.4) $ (78.9) Adjustments: Tr
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