Justin Ian Ages

Justin Ian Ages inquired about signs of stabilization or a potential return to growth within Process Flow Technologies' chemical segment, seeking insight into when a rebound might occur. He also asked about the expected margin improvements for the Precision Sensors & Instrumentation (PSI) acquisition once the Crane Business System is applied post-integration.

Answer

Alex Alcala, EVP and COO, confirmed stability in the chemical market throughout the year, with MRO globally remaining stable and no signs of deterioration, expecting improvement next year but no clear inflection point yet. Max Mitchell, Chairman, President, and CEO, expressed a bullish outlook for the broader global economy settling out. Regarding PSI, Alcala stated that while the deal hasn't closed, the businesses possess incredible technology and stable aftermarket, anticipating them to become top performers within Crane's portfolio from a margin and growth perspective through the Crane Business System.

Justin Ian Ages asked about the pending Precision Sensors & Instrumentation (PSI) acquisition, specifically regarding its margins relative to Crane's, and the expected margin improvements once the Crane Business System is applied post-integration.

Answer

Alex Alcala, Executive Vice President and Chief Operating Officer, stated that while the deal has not yet closed, PSI businesses possess strong technology and stable aftermarket, and are expected to become top performers within Crane's portfolio from a margin and growth perspective. He confirmed that improvements will be driven by the Crane Business System, making PSI accretive to Crane's financial profile over the years, with more details to follow after the January 1 closing.