Crane (CR) Q3 2025 Earnings Call Transcript

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Oct. 28, 2025 astatine 10 a.m. ET

• President & Chief Executive Officer — Max Mitchell

• Executive Vice President & Chief Operating Officer — Alejandro Alcala

• Senior Vice President & Chief Financial Officer — Richard Maue

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Max Mitchell: Thank you, Allison, and thanks, everyone, for joining the telephone today. We are arrogant to study different beardown 4th with results coming successful up of our expectations. Adjusted EPS was $1.64, driven by an awesome 5.6% halfway income growth, chiefly reflecting broad-based spot astatine Aerospace & Electronics and continued beardown execution astatine Process Flow Technologies. This quarter's results yet again underscore our differentiated technologies and operational discipline.

In summation to our continued semipermanent investments successful caller exertion and solutions, the Crane Business System, the instrumentality that we described successful large item astatine our March Investor Day, combined with our unsocial culture, enables our teams to accommodate to the galore unforeseen events that we're each facing each time and present connected the results. Our pending acquisition of Precision Sensors & Instrumentation from Baker Hughes remains connected way to adjacent astatine year-end, and our strategical outlook for these businesses has lone improved implicit the past 3 months. Many enactment streams are already good underway to guarantee a seamless integration and make shareholder worth starting time 1. Our equilibrium expanse remains precise strong.

Our pipeline of acquisitions remains robust, and we stay precise progressive connected the M&A front. And there's a tremendous magnitude of momentum and continued innovation happening astatine Crane that Alex volition screen off. As we exit 2025, we are erstwhile again raising, but besides narrowing our afloat twelvemonth adjusted net outlook to a scope of $5.75 to $5.95 from our anterior presumption of $5.50 to $5.80, fixed our backlog, accordant execution and year-to-date performance. That reflects 20% adjusted EPS maturation astatine the midpoint compared to 2024. Another outstanding twelvemonth for Crane and our shareholders. And arsenic we look to 2026, our accordant concern thesis remains firm.

The spot of our underlying business, our strategy and our capabilities, successful some operational execution and commercialized excellence, enactment our 4% to 6% integrated maturation assumptions, leveraging connected mean of 35% into adjacent year. We volition supply greater item connected 2026 expectations arsenic good arsenic PSI successful aboriginal January, erstwhile we officially adjacent connected the acquisition. Now fto maine walk it implicit to our Chief Operating Officer, Mr. Alex Alcala to supply immoderate colour connected the existent situation and conception performance.