Crane Company · NYSE:CR
Crane — Q3 2025 Earnings Presentation
15 slides from Crane's earnings presentation, Oct 28, 2025
Slide 1: Q3 2025 Earnings Release Call
Q3 2025 EARNINGS RELEASE CALL OCTOBER 28, 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: Third Quarter Results
THIRD QUARTER RESULTS $ Millions GAAP Adjusted* except per-share amounts Q3 2025 Q3 2024 Change Q3 2025 Q3 2024 Change SALES $589.2 $548.3 +7.5% $589.2 $548.3 +7.5% OPERATING PROFIT $118.4 $99.0 +19.6% $122.1 $102.8 +18.8% OPERATING MARGIN 20.1% 18.1% +200 bps 20.7% 18.7% +200 bps EARNINGS PER SHARE
Slide 4: Aerospace & Electronics
AEROSPACE & ELECTRONICS $ Millions GAAP Adjusted* except per-share amounts Q3 2025 Q3 2024 Change Q3 2025 Q3 2024 Change SALES $270.2 $239.1 +13.0% $270.2 $239.1 +13.0% OPERATING PROFIT $67.7 $54.9 +23.3% $67.7 $56.3 +20.2% OPERATING MARGIN 25.1% 23.0% +210 bps 25.1% 23.5% +160 bps BACKLOG $1,054.1
Slide 5: Process Flow Technologies
PROCESS FLOW TECHNOLOGIES $ Millions GAAP Adjusted* except per-share amounts Q3 2025 Q3 2024 Change Q3 2025 Q3 2024 Change SALES $319.0 $309.2 +3.2% $319.0 $309.2 +3.2% OPERATING PROFIT $70.8 $65.5 +8.1% $71.5 $67.3 +6.2% OPERATING MARGIN 22.2% 21.2% +100 bps 22.4% 21.8% +60 bps BACKLOG $383.0 $392.
Slide 6: Capital Optionality Today
CAPITAL OPTIONALITY TODAY As of September 30, 2025 ~$2,188M Liquidity $900M Delayed Draw Term Loan* Additional Details ▪ Post the acquisition of PSI, we anticipate net leverage of ~1x $900M Undrawn Revolver $0 Debt ~$388M Cash Total Debt Liquidity EXPECTED M&A CAPACITY: $1.5+ BILLION AFTER PSI TRANS
Slide 7: 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 $2,285 - $2,300 $2,250 - $2,290 FX Tailwind ~+1% benefit Adjusted Segment Operating Profit* $515-$530 $505-$5
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 October 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 EBITDA, adjusted
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 (unaudited, in millions, except per share data) Three Months Ended September 30, 2025 2024 % Change $ Per Share $ Per Share (on $) Net sales (GAAP) $ 589.2 $ 548.3 7.5 % 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 Total Three Months Ended September 30, 2025 Electronics Technologies Corporate Company Net sales $ 270.2 $ 319.0 $ — $ 589.2 Operating profit (GAAP) $ 67.7 $ 70.8 $ (20.1) $ 118.4 Ope
Slide 14: Adjusted Free Cash Flow
NON-GAAP FINANCIAL MEASURES Adjusted Free Cash Flow (unaudited, in millions) Three Months Ended Nine Months Ended September 30, September 30, Cash Flow Items 2025 2024 2025 2024 Cash provided by operating activities from continuing operations $ 130.2 $ 75.4 $ 189.0 $ 55.8 Less: Capital expenditures
Slide 15: Crane: Innovating for Tomorrow
crane] 170 INNOVATING FOR TOMORROW