CR
Crane Company187.58
-4.25-2.22%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
10.80BP/E (TTM)
34.23Basic EPS (TTM)
5.48Dividend Yield
0%Recent Filings
8-K
8-K
Crane secures $1.8B credit for PSI buy
Crane Company secured a $900 million senior unsecured delayed draw term loan and a $900 million revolving facility, both maturing September 30, 2030, to fund its acquisition of Precision Sensors & Instrumentation. The new credit agreement replaces the prior 2023 facility, with interest rates tied to SOFR, EURIBOR, or CORRA plus margins of 1.50% to 2.25% based on leverage. Covenants cap net leverage at 3.75x, increasable to 4.00x post-acquisition, while integration risks loom large.
10-Q
Q2 FY2025 results
Crane Company posted solid Q2 results, with net sales climbing 9.2% year-over-year to $577.2 million, fueled by 6.5% core growth from pricing and acquisitions adding 1.8%, while operating profit rose 15.2% to $102.9 million on productivity gains and better mix that lifted margins to 17.8%. Aerospace & Electronics surged 11.8% to $258.2 million, driven by demand in commercial and military aftermarket, while Process Flow Technologies grew 7.2% to $319.0 million amid softer chemicals but strength in water and pharma. Diluted EPS from continuing operations hit $1.37, up from $1.14, reconciling neatly with 58.5 million shares. Cash swelled to $332.2 million after repaying $200 million in term debt, leaving the $800 million revolver untapped and covenants intact; the Engineered Materials sale added $213.6 million in inflows. Yet regulatory hurdles could delay the pending $1.15 billion PSI acquisition.
8-K
Crane boosts Q2 earnings, guidance
Crane Company reported Q2 2025 sales of $577.2 million, up 9.2% with 6.5% core growth, and adjusted EPS of $1.49, surging 24%. Aerospace & Electronics drove the momentum, posting 11.8% sales rise and 26.3% operating margin, fueled by 19.6% core order growth. The company raised full-year adjusted EPS guidance to $5.50-$5.80, citing robust backlog and the pending PSI acquisition expected to close year-end. Backlog hit $1.46 billion. Yet economic uncertainty lingers.
8-K
Crane acquires PSI for $1.06B
Crane Company signed a definitive agreement on June 6, 2025, to acquire Precision Sensors & Instrumentation from Baker Hughes for $1,060 million, netting $970 million after $90 million in tax benefits. PSI, with expected 2025 sales of $390 million and adjusted EBITDA of $60 million, bolsters Crane's sensor tech in aerospace, nuclear, and process sectors via brands like Druck and Reuter-Stokes. Closing awaits regulatory nods by end-2025 or early 2026. Integration risks loom large.
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