Business
Crane Company Reports Third Quarter 2025 Results; Raises and Narrows Full Year Adjusted EPS Guidance Range
STAMFORD, Conn., October 27, 2025--Crane Company ("Crane," NYSE:CR) today announced its financial results for the third quarter of 2025 and raised and narrowed its full-year adjusted EPS outlook.
About this update from Crane Company
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This quarter’s earnings performance was ahead of our expectations, and further highlights our differentiated technology, commercial excellence focus and consistent operational discipline.","length":379,"tagName":"p"},{"type":"text","content":""We continue to see market outgrowth in Aerospace & Electronics providing us strong visibility into 2026 and beyond, while demand trends within Process Flow Technologies remain generally stable. Overall, we are encouraged by our core backlog growth of 16.4% compared to last year and remain focused on converting our pipeline of opportunities and maintaining momentum.","length":377,"tagName":"p"},{"type":"text","content":""This was yet another quarter where our global teams delivered strong operational results across the board. We also made great progress with our pending acquisition of Precision Sensors & Instrumentation ("PSI") that remains on track to close at year end. As we look to close out 2025, our robust backlog, consistent execution, and solid year-to-date performance give us the confidence to raise and narrow our full-year adjusted earnings guidance to a range of $5.75-$5.95, up from our prior view of $5.50-$5.80."","length":537,"tagName":"p"},{"type":"text","content":" Third Quarter 2025 Results ","length":26,"tagName":"p"},{"type":"text","content":"Third quarter 2025 GAAP EPS from continuing operations of $1.56 compared to $1.25 in the third quarter of 2024. Third quarter 2025 adjusted EPS from continuing operations of $1.64 compared to $1.29 in the third quarter of 2024.","length":227,"tagName":"p"},{"type":"text","content":"Third quarter sales increased 7.5%, with 5.6% core sales growth, a 0.9% contribution from the previously announced Technifab acquisition, and a 1.0% benefit from foreign exchange. 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Operating profit margin of 22.2% increased 100bps compared to the prior year. Adjusted operating profit margin was 22.4%, up 60 basis points compared to a year ago primarily due to productivity, a favorable mix, and solid net price. Process Flow Technologies order backlog was $383.0 million as of September 30, 2025 compared to $403.1 million as of June 30, 2025, and $392.0 million as of September 30, 2024.","length":621,"tagName":"p"},{"type":"text","content":" Raising and Narrowing 2025 Guidance Range ","length":41,"tagName":"p"},{"type":"text","content":"We are raising and narrowing our full-year adjusted EPS outlook range to $5.75-$5.95, up from $5.50 to $5.80, and up 20% at the midpoint over 2024.","length":147,"tagName":"p"},{"type":"text","content":"Key assumptions for our guidance include:","length":41,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total sales growth of approximately 7.5% (up from approximately 6.5%), driven by core sales growth now at the higher end of our 4% to 6% range.","length":143,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted segment operating margin of 22.5%+ (unchanged).","length":56,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Corporate cost of $85 million (up from $80 million).","length":52,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net non-operating income of $7 million (up from $4 million).","length":60,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted tax rate of 23.0% (down from 23.5%).","length":45,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Diluted shares of ~59 million (unchanged).","length":42,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":398,"olType":false},{"type":"text","content":"Additional details of our outlook and guidance are included in...