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Crane (CR)

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Earnings summaries and quarterly performance for Crane.

Recent press releases and 8-K filings for CR.

Crane Co. Completes Acquisition of Precision Sensors & Instrumentation
CR
M&A
Earnings
New Projects/Investments
  • Crane Company completed its acquisition of Precision Sensors & Instrumentation (PSI) on January 1, 2026.
  • The purchase price for PSI was $1,060 million, after adjusting for expected tax benefits with a net present value of approximately $90 million.
  • Crane Company will provide comments about the acquisition during its upcoming fourth quarter fiscal year 2025 earnings call, with the earnings release scheduled for January 26, 2026, and the teleconference on January 27, 2026, at 10:00 AM (Eastern).
Jan 5, 2026, 9:45 PM
Crane Company Acquires Baker Hughes' PSI Product Line
CR
M&A
  • Crane Company has acquired Baker Hughes' Precision Sensors & Instrumentation (PSI) product line.
  • The sale, which includes the Druck, Panametrics, and Reuter-Stokes brands, closed on January 5, 2026.
  • The transaction involved cash proceeds of $1.15 billion before customary closing adjustments.
Jan 5, 2026, 12:35 PM
Crane Company Reports Strong Q3 2025 Results and Raises Full-Year Adjusted EPS Guidance
CR
Earnings
Guidance Update
M&A
  • Crane Company reported Q3 2025 adjusted EPS of $1.64, driven by an impressive 5.6% core sales growth.
  • The company raised and narrowed its full-year 2025 adjusted earnings outlook to a range of $5.75 to $5.95 (from a prior view of $5.50 to $5.80), reflecting 20% adjusted EPS growth at the midpoint compared to 2024.
  • The pending acquisition of Precision Sensors & Instrumentation from Baker Hughes remains on track to close at year-end (January 1).
  • For the full year 2025, Aerospace & Electronics' core sales growth is now anticipated to be up low double digits, while Process Flow Technologies' core growth is expected to fall at the lower end of its low to mid-single-digit range.
  • Crane Company's pipeline of acquisitions remains robust, with opportunities in both Aerospace & Electronics and Process Flow Technologies, largely ranging from $100 million to $500 million in deal size.
Oct 28, 2025, 2:00 PM
Crane Company Reports Strong Q3 2025 Results and Raises Full-Year Guidance
CR
Earnings
Guidance Update
M&A
  • Crane Company reported strong Q3 2025 results with adjusted EPS of $1.64 and 5.6% core sales growth.
  • The company raised and narrowed its full-year 2025 adjusted earnings outlook to a range of $5.75 to $5.95, reflecting 20% adjusted EPS growth at the midpoint compared to 2024.
  • The pending acquisition of Precision Sensors & Instrumentation from Baker Hughes remains on track to close at year-end (January 1) and is expected to be accretive to Crane's financial profile within the next few years.
  • The Aerospace & Electronics segment experienced a 13% sales increase in Q3 and achieved a record backlog of over $1 billion, up 27% year over year.
Oct 28, 2025, 2:00 PM
Crane Company Reports Strong Q3 2025 Results and Raises Full-Year EPS Guidance
CR
Earnings
Guidance Update
M&A
  • Crane Company reported adjusted EPS of $1.64 and 5.6% core sales growth for Q3 2025.
  • The company raised and narrowed its full-year 2025 adjusted EPS outlook to $5.75-$5.95, representing 20% growth at the midpoint compared to 2024.
  • The acquisition of Precision Sensors & Instrumentation (PSI) is on track to close by January 1, expected to be accretive to Crane's financial profile within the next few years.
  • In Q3 2025, the Aerospace & Electronics segment saw sales increase 13% to $270 million and its backlog grow 27% year-over-year to over $1 billion. Process Flow Technologies reported sales of $319 million, up 3%.
Oct 28, 2025, 2:00 PM
CRANE Announces Strong Q3 2025 Results and Raises Full-Year 2025 Guidance
CR
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • CRANE reported Q3 2025 sales of $589.2 million, an increase of 7.5% compared to Q3 2024, with GAAP earnings per share of $1.56, up 24.8%.
  • The company's Aerospace & Electronics segment demonstrated strong performance in Q3 2025, with sales growing 13.0% to $270.2 million and a backlog of $1,054.1 million.
  • CRANE updated its full-year 2025 guidance, raising the revenue outlook to $2,285 - $2,300 million and adjusted EPS to $5.75 - $5.95.
Oct 28, 2025, 2:00 PM
Crane Co Raises FY25 Revenue Growth Forecast and Reports Strong Q3 2025 Results
CR
Guidance Update
Earnings
Revenue Acceleration/Inflection
  • Crane Co raised its fiscal year 2025 revenue growth forecast from 6.5% to 7.5%.
  • For Q3 2025, the company reported revenue of $589.2 million, a 7.5% increase year-over-year, and adjusted EPS of $1.64, which was 10.3% above analyst expectations.
  • The company maintains a strong balance sheet with no outstanding debt and a cash balance of $388.2 million as of Q3 2025.
  • Insider selling activity of 49,807 shares over the past three months was noted.
Oct 27, 2025, 9:27 PM
Crane Company Reports Strong Q3 2025 Results and Raises Full-Year EPS Guidance
CR
Earnings
Guidance Update
Dividends
  • Crane Company reported strong Q3 2025 results, with adjusted EPS from continuing operations of $1.64, up 27% year-over-year, and sales of $589.2 million, up 7.5% driven by 5.6% core sales growth.
  • The company raised and narrowed its full-year adjusted EPS outlook to $5.75-$5.95 (from $5.50-$5.80), reflecting 20% year-over-year adjusted EPS growth at the midpoint.
  • Core order growth was 1.8% and core backlog increased by 16.4%, primarily due to ongoing strength at Aerospace & Electronics.
  • Crane declared a fourth quarter 2025 regular dividend of $0.23 per share and reported a cash balance of $388.2 million with no debt outstanding as of September 30, 2025. The pending acquisition of Precision Sensors & Instrumentation (PSI) remains on track to close at year-end, with financing secured through new credit facilities.
Oct 27, 2025, 8:36 PM
Crane Company Reports Strong Q3 2025 Results and Raises Full-Year Guidance
CR
Earnings
Guidance Update
M&A
  • Crane Company reported strong third-quarter 2025 adjusted EPS of $1.64, a 27% increase year-over-year, on sales of $589.2 million, up 7.5%.
  • The company raised and narrowed its full-year adjusted EPS guidance range to $5.75-$5.95 from the prior range of $5.50-$5.80, reflecting 20% year-over-year adjusted EPS growth at the midpoint.
  • Core order growth was up 1.8% and core backlog growth increased 16.4%, primarily driven by ongoing strength in Aerospace & Electronics.
  • Crane declared a fourth-quarter 2025 regular dividend of $0.23 per share and noted its pending acquisition of Precision Sensors & Instrumentation (PSI) is on track to close at year-end.
Oct 27, 2025, 8:15 PM
Crane Company Enters New Credit Agreement
CR
Debt Issuance
M&A
  • On September 30, 2025, Crane Company entered into a new credit agreement, replacing its previous agreement dated March 17, 2023.
  • The new agreement includes a $900 million senior unsecured delayed draw term loan facility and a $900 million senior unsecured revolving facility, both maturing on September 30, 2030.
  • The term loan facility is intended to fund the previously announced acquisition of Precision Sensors & Instrumentation.
  • Borrowings will bear interest based on various rates (alternate base rate, term SOFR, adjusted EURIBOR, adjusted CORRA) plus a margin ranging from 0.50% to 2.25%, depending on the Company's consolidated total net leverage ratio.
  • Financial covenants include a maximum Consolidated Total Net Leverage Ratio of 3.75 to 1.00 (potentially increasing to 4.00 to 1.00 after a Qualified Material Acquisition) and a minimum Consolidated Interest Coverage Ratio of 3.00 to 1.00.
Sep 30, 2025, 8:45 PM