Loading...
01/10 19:47
Loading...
Access earnings results, analyst expectations, report, slides, earnings call, and transcript.
The earnings call presents strong financial metrics, with significant year-over-year growth in core sales, operating profit, and backlog, particularly in Aerospace & Electronics. Despite some risks like inflation and tariffs, management's optimistic outlook and robust M&A capacity suggest confidence in future growth. The Q&A section indicates positive sentiment from analysts, with no major concerns about supply chain or macroeconomic impacts. The lack of a share repurchase program slightly tempers the positive outlook, but overall, the strong growth metrics and optimistic guidance suggest a likely positive stock price movement.
Adjusted EPS $1.39, up from previous year, driven by 7.5% core sales growth.
Core Sales Growth 7.5% growth year-over-year, reflecting strength in Aerospace & Electronics and Process Flow Technologies.
Core Orders Growth 16% increase year-over-year, primarily driven by Aerospace & Electronics.
Adjusted Operating Profit Increased 18% year-over-year, driven by volumes, solid net price, and productivity.
Aerospace & Electronics Sales $249 million, up 10% year-over-year, all organic growth.
Aerospace & Electronics Backlog $960 million, up 21% year-over-year.
Total Aftermarket Sales Increased 20% year-over-year, with commercial aftermarket sales up 19%.
Adjusted Segment Margin (Aerospace & Electronics) 26%, up 360 basis points from 22.4% last year.
Process Flow Technologies Sales $309 million, up 9% year-over-year.
Process Flow Technologies Core Sales Growth 5% growth year-over-year.
Adjusted Operating Margin (Process Flow Technologies) 20.9%, expanded 10 basis points year-over-year.
Core FX Neutral Backlog (Process Flow Technologies) Decreased 6% year-over-year.
Core FX Neutral Orders (Process Flow Technologies) Up 2% year-over-year.
Corporate Expense $25 million in the quarter, higher due to accelerated amortization of stock compensation.
Debt Capacity for M&A More than $1.5 billion available for mergers and acquisitions.
New Product Development: Significant customer approval for one of our new Saunders pharmaceutical valves with a key target customer.
New Contracts: Awarded contracts and funded engineering development work on the Bell V-280 and an unmanned aviation platform.
Market Expansion: Awarded a $5.7 million project for line pipes and line valves for a Saudi Arabian mining company.
Core Sales Growth: Core sales growth for Aerospace & Electronics expected to be mid to high-single digits for 2025.
Operational Efficiency: Adjusted operating profit increased 18%, driven by volumes, solid net price and productivity.
Backlog Growth: Core FX neutral backlog was up 12% compared to last year.
M&A Activity: Crane has a robust pipeline of potential acquisitions with at least $1.5 billion of M&A capacity.
Strategic Focus: Continued focus on investing for growth and executing against a multiyear technology and new product development roadmap.
Economic Developments: Recent economic developments and policy decisions outside of the company's control may lead to a different unfolding of the year than anticipated.
Inflationary Pressures: Current inflationary pressures are impacting the demand and supply chain environment.
Tariff Exposure: About 7% to 8% of cost of goods sold consists of materials and components imported into the U.S., with significant exposure to tariffs, particularly from China, India, and Thailand.
Demand Fluctuations: The company anticipates potential demand fluctuations and is prepared to manage through them without losing focus on long-term goals.
Supply Chain Challenges: The company is facing challenges related to supply chain dynamics, which may affect operational execution.
M&A Risks: While the company has a robust pipeline for acquisitions, there are inherent risks associated with M&A activities, including integration challenges.
Core Sales Growth: 7.5% core sales growth driven by strength in Aerospace & Electronics and Process Flow Technologies.
Core Orders Growth: Core orders were up 16% in the quarter, primarily driven by Aerospace & Electronics.
M&A Capacity: Crane has a strong balance sheet with at least $1.5 billion of M&A capacity and a robust pipeline of potential acquisitions.
Long-term Growth Rate: Crane aims for a long-term core sales growth rate of 4% to 6% through cycles.
Operating Leverage: Expecting substantial operating leverage leading to double-digit average annual core profit growth.
Adjusted EPS Outlook: Full year 2025 adjusted EPS outlook in the range of $5.30 to $5.60.
Core Sales Growth Guidance: Anticipate core sales growth for Aerospace & Electronics to be up mid to high-single digits for 2025.
Process Flow Technologies Growth: Expect positive core sales growth for Process Flow Technologies in 2025.
Adjusted Corporate Costs: Expect $80 million of corporate costs for the full year.
Share Repurchase Program: Crane Company has a robust pipeline of potential acquisitions and a strong balance sheet with at least $1.5 billion of M&A capacity, indicating a focus on capital deployment rather than a specific share buyback program.
The earnings call summary and Q&A reveal strong financial performance with raised earnings outlook, robust growth in key segments like Aerospace & Electronics, and strategic M&A activities. Despite some uncertainties in chemical markets, positive trends in nonchemical sectors and defense, along with effective margin management, support a positive sentiment. The raised guidance and strategic initiatives outweigh concerns, suggesting a positive stock price movement.
The earnings call presents a mixed picture. Strong core sales and order growth in Aerospace & Electronics, along with a robust M&A pipeline, are positive indicators. However, concerns about declining margins in A&E, cautious management outlook, and unclear guidance on cash EPS and margin expansion for PSI offset these positives. The Q&A section highlights management's cautious stance and lack of specificity in certain areas, leading to a neutral sentiment overall.
The earnings call presents strong financial metrics, with significant year-over-year growth in core sales, operating profit, and backlog, particularly in Aerospace & Electronics. Despite some risks like inflation and tariffs, management's optimistic outlook and robust M&A capacity suggest confidence in future growth. The Q&A section indicates positive sentiment from analysts, with no major concerns about supply chain or macroeconomic impacts. The lack of a share repurchase program slightly tempers the positive outlook, but overall, the strong growth metrics and optimistic guidance suggest a likely positive stock price movement.
The earnings call highlights strong financial performance with increased EPS and sales, improved margins, and positive cash flow. The dividend increase and raised guidance are positive signals. While there are concerns about mixed economic signals and potential Chinese tariffs, management remains confident. The Q&A section reveals strategic moves towards higher growth markets and manageable risks, contributing to an overall positive sentiment. However, the lack of clarity on specific M&A details slightly tempers the optimism. Given these factors, a positive stock price movement of 2% to 8% is expected over the next two weeks.
All transcripts are sourced directly from the official live webcast or the company’s official investor relations website. We use the exact words spoken during the call with no paraphrasing of the core discussion.
Full verbatim transcripts are typically published within 4–12 hours after the call ends. Same-day availability is guaranteed for all S&P 500 and most mid-cap companies.
No material content is ever changed or summarized in the “Full Transcript” section. We only correct obvious spoken typos (e.g., “um”, “ah”, repeated 10 times”, or clear misspoken ticker symbols) and add speaker names/titles for readability. Every substantive sentence remains 100% as spoken.
When audio quality is poor or multiple speakers talk over each other, we mark the section instead of guessing. This ensures complete accuracy rather than introducing potential errors.
They are generated by a specialized financial-language model trained exclusively on 15+ years of earnings transcripts. The model extracts financial figures, guidance, and tone with 97%+ accuracy and is regularly validated against human analysts. The full raw transcript always remains available for verification.
