Crane Company · NYSE:CR
Crane — Q4 2025 Earnings Presentation
24 slides from Crane's earnings presentation, Jan 27, 2026
Slide 1: Q4 2025 Earnings Release Call
Q4 2025 EARNINGS RELEASE CALL JANUARY 27, 2026
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: Fourth Quarter Results
FOURTH QUARTER RESULTS $ Millions GAAP Adjusted* except per-share amounts Q4 2025 Q4 2024 Change Q4 2025 Q4 2024 Change SALES $581.0 $544.1 +6.8% $581.0 $544.1 +6.8% OPERATING PROFIT $101.8 $86.2 +18.1% $111.7 $96.4 +15.9% OPERATING MARGIN 17.5% 15.8% +170 bps 19.2% 17.7% +150 bps EARNINGS PER SHARE
Slide 4: Full Year 2025 Results
FULL YEAR 2025 RESULTS $ Millions GAAP Adjusted* except per-share amounts 2025 2024 Change 2025 2024 Change SALES $2,305.0 $2,131.2 +8.2% $2,305.0 $2,131.2 +8.2% OPERATING PROFIT $424.2 $355.8 +19.2% $447.2 $383.0 +16.8% OPERATING MARGIN 18.4% 16.7% +170 bps 19.4% 18.0% +140 bps EARNINGS PER SHARE $
Slide 5: Aerospace & Advanced Technologies Q4 Results
AEROSPACE & ADVANCED TECHNOLOGIES Q4 RESULTS $ Millions GAAP Adjusted* except per-share amounts Q4 2025 Q4 2024 Change Q4 2025 Q4 2024 Change SALES $271.6 $236.8 +14.7% $271.6 $236.8 +14.7% OPERATING PROFIT $62.3 $53.1 +17.3% $64.0 $54.7 +17.0% OPERATING MARGIN 22.9% 22.4% +50 bps 23.6% 23.1% +50 bp
Slide 6: Aerospace & Advanced Technologies 2025 Results
AEROSPACE & ADVANCED TECHNOLOGIES 2025 RESULTS $ Millions GAAP Adjusted* except per-share amounts 2025 2024 Change 2025 2024 Change SALES $1,048.9 $932.7 +12.4% $1,048.9 $932.7 +12.4% OPERATING PROFIT $262.5 $209.0 +25.6% $264.3 $216.6 +22.0% OPERATING MARGIN 25.0% 22.4% +260 bps 25.2% 23.2% +200 bp
Slide 7: Process Flow Technologies Q4 Results
PROCESS FLOW TECHNOLOGIES Q4 RESULTS $ Millions GAAP Adjusted* except per-share amounts Q4 2025 Q4 2024 Change Q4 2025 Q4 2024 Change SALES $309.4 $307.3 +0.7% $309.4 $307.3 +0.7% OPERATING PROFIT $66.0 $58.4 +13.0% $68.1 $62.5 +9.0% OPERATING MARGIN 21.3% 19.0% +230 bps 22.0% 20.3% +170 bps BACKLOG
Slide 8: Process Flow Technologies 2025 Results
PROCESS FLOW TECHNOLOGIES 2025 RESULTS $ Millions GAAP Adjusted* except per-share amounts 2025 2024 Change 2025 2024 Change SALES $1,256.1 $1,198.5 +4.8% $1,256.1 $1,198.5 +4.8% OPERATING PROFIT $263.5 $240.3 +9.7% $269.9 $249.9 +8.0% OPERATING MARGIN 21.0% 20.1% +90 bps 21.5% 20.9% +60 bps BACKLOG
Slide 9: Capital Optionality Today
CAPITAL OPTIONALITY TODAY As of January 2, 2026 ~$1,150M Debt ~$1,000M Liquidity Additional Details $650M ▪ Post the acquisitions of Druck, Panametrics, Reuter- Undrawn Stokes, and optek-Danulat, our current net leverage Revolver 1.4x ~$350M Cash Total Debt Liquidity EXPECTED M&A CAPACITY: $1.5+ BIL
Slide 10: Instrumentation & Measurement Additions
INSTRUMENTATION & MEASUREMENT ADDITIONS Pressure sensors and test & Flow meters, gas and moisture In-line, liquid process monitoring Radiation detectors, flame calibration equipment for analyzers, and flare solutions using photometric and neutron detectors, Aerospace, defense and management solution
Slide 11: Positive Trajectory Extends into 2026
POSITIVE TRAJECTORY EXTENDS INTO 2026 FY 2026 $ millions except EPS CURRENT Key Highlights for 2026 Revenue GUIDANCE Core sales growth** in the range of 4-6% Revenue $2,845 - $2,875 FX Tailwind ~+1% benefit Adjusted Segment Operating Margin* 22.5%+ M&A Contribution ~+18-20% Adjusted EPS* $6.55-$6.75
Slide 12: 2026 Outlook Walk to the Midpoint
2026 OUTLOOK WALK TO THE MIDPOINT Mid-point of Our $0.16 $0.07 $6.55–$6.75 $1.28 Guided Range $6.65 ($0.75) ($0.16) $6.05 2025 Adjusted Segment Intangible Corporate Non-Operating Insurance 2026E Adjusted EPS Operating Profit Amortization Expense Expense Recovery EPS (primarily interest from funding
Slide 13: Our Thesis – Building Momentum
OUR THESIS – BUILDING MOMENTUM Solid organic growth Continued margin 4–6% profile, led by technology expansion led by superior products, 35–40% innovation and new strong pricing, and Operating Core Growth product operational excellence Leverage 1.4x Strong balance sheet Disciplined approach Growth t
Slide 14: Non-GAAP Information and Appendix
Non-GAAP Information and Appendix January 27, 2026
Slide 15: 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 16: 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 17: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES Non-GAAP Financial Measures Three Months Ended December 31, (unaudited, in millions, except per share data) 2025 2024 % Change $ Per Share $ Per Share (on $) Net sales (GAAP) $ 581.0 $ 544.1 6.8 % Adjusted Operating Profit and Adjusted Operating Profit Margin Operating pr
Slide 18: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES Non-GAAP Financial Measures (unaudited, in millions, except per share data) Twelve Months Ended December 31, 2025 2024 % Change $ Per Share $ Per Share (on $) Net sales (GAAP) $ 2,305.0 $ 2,131.2 8.2 % Adjusted Operating Profit and Adjusted Operating Profit Margin Operati
Slide 19: Non-GAAP Financial Measures by Segment
NON-GAAP FINANCIAL MEASURES Non-GAAP Financial Measures by Segment (unaudited, in millions, except per share data) Aerospace & Process Flow Total Three Months Ended December 31, 2025 Electronics Technologies Corporate Company Net sales $ 271.6 $ 309.4 $ — $ 581.0 Operating profit (GAAP) $ 62.3 $ 66.
Slide 20: Non-GAAP Financial Measures by Segment
NON-GAAP FINANCIAL MEASURES Non-GAAP Financial Measures by Segment (unaudited, in millions, except per share data) Aerospace & Advanced Process Flow Total Twelve Months Ended December 31, 2025 Technologies Technologies Corporate Company Net sales $ 1,048.9 $ 1,256.1 $ — $ 2,305.0 Operating profit (G
Slide 21: 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 2025 2024 2025 2024 Cash provided by operating activities from continuing operations $ 205.8 $ 202.0 $ 394.8 $ 257.8 Less: Capital expenditure
Slide 22: 2025 Historical Results Reconciliation
NON-GAAP FINANCIAL MEASURES 2025 Historical Results Reconciliation (unaudited, in millions, except per share data) Q1 Q2 Q3 Q4 Adjusted Operating Profit and Adjusted Operating Margin Operating Profit (GAAP) $101.1 $102.9 $118.4 $101.8 Operating Profit Margin (GAAP) 18.1% 17.8% 20.1% 17.5% Special it
Slide 23: 2025 Segment Reconciliation
NON-GAAP FINANCIAL MEASURES 2025 Segment Reconciliation (unaudited, in millions, except per share data) Aerospace & Advanced Technologies Process Flow Technologies Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Adjusted Operating Profit and Adjusted Operating Margin Operating Profit (GAAP) $64.6 $67.9 $67.7 $62.3 $62.8 $6
Slide 24: Crane
CRANE