Crane Company Reports First Quarter 2025 Results

Crane Company, a leading manufacturer of highly engineered components for aerospace, defense, space, and process industries, has released its financial results for the first quarter of 2025. The company has also reaffirmed its full-year adjusted EPS outlook. Financial Highlights For the first quarter of 2025, Crane Company reported earnings per diluted share (EPS) from continuing operations of $1.34, a 31% increase from the same period last year. Adjusted EPS from continuing operations was $1.39, up 24%. The company achieved sales of $557.6 million, marking a 9.3% increase driven by 7.5% core sales growth. Operating profit rose to $101.1 million, a 24.4% increase, while adjusted operating profit was $104.1 million, up 17.6%. Business and Operational Highlights Crane's Aerospace & Electronics segment saw a 10.2% increase in sales to $248.9 million, driven by strong aftermarket performance. The Process Flow Technologies segment reported an 8.6% increase in sales to $308.7 million, bolstered by recent acquisitions and core sales growth. The company also declared a second-quarter dividend of $0.23 per share. Strategic Initiatives and Corporate Developments Crane's management highlighted several strategic initiatives, including winning additional content on hybrid-electric military ground vehicles and developing an anti-skid brake control system for unmanned fighter aircraft. The company also received critical approvals for a new pharmaceutical valve and completed the first installations of its new SyFlo wastewater pump product. Management's Perspective Max Mitchell, Crane's Chairman, President, and CEO, expressed confidence in the company's ability to deliver above-market returns despite economic uncertainties. He emphasized the company's focus on commercial and operational excellence, breakthrough innovation, and disciplined inorganic growth. Future Outlook Crane reaffirmed its full-year adjusted EPS outlook range of $5.30 to $5.60. The company expects total sales growth of approximately 5%, driven by core sales growth of 4% to 6%. Key assumptions include an adjusted segment operating margin of 22.5%+, corporate costs of $80 million, and an adjusted tax rate of 23.5%.SEC Filing: Crane Co [ CR ] - 8-K - Apr. 28, 2025