Crane Company (CR) Q4 2025 earnings summary

Executive summary

• Achieved strong Q4 and full-year 2025 results, with adjusted EPS up 24% and core sales growth of 5.4%, driven by Aerospace & Advanced Technologies and successful acquisitions.

• Margin expansion and operational excellence supported by disciplined capital deployment and integration of Druck, Panametrics, Reuter-Stokes, and Optek-Danulat.

• Announced leadership transition: Alex Alcala to become CEO in April 2026, with Max Mitchell moving to Executive Chairman.

• Raised annual dividend by 11% for 2026 and declared a first quarter dividend of $0.255 per share.

• Backlog growth in Aerospace & Advanced Technologies, while Process Flow Technologies saw a modest sales increase but a decline in backlog.

Financial highlights

• Q4 2025 sales reached $581.0M, up 6.8% year-over-year, with adjusted EPS up 21% to $1.53.

• Full-year 2025 sales increased 8.2% to $2,305.0M; adjusted EPS up 24% to $6.05.

• Adjusted operating profit up 15.9% in Q4 to $111.7M; full-year adjusted operating profit up 16.8% to $447.2M.

• Adjusted EBITDA for 2025 was $495.7M, up 16.2% year-over-year.

• Adjusted free cash flow for 2025 was $362.5M, with 102% adjusted free cash conversion.

Outlook and guidance

• 2026 adjusted EPS guidance: $6.55–$6.75, representing 10% growth at midpoint, excluding non-recurring items.

• 2026 revenue guidance: $2,845–$2,875M, with core sales growth of 4–6% and adjusted segment operating margin of 22.5%+.

• Acquisitions expected to be slightly accretive to 2026 earnings, with upside from synergies and deleveraging in 2027 and beyond.

• Q1 2026 expected to be seasonally soft, with full-year earnings weighted 45% in H1 and 55% in H2.

• 2026 tax rate estimated at 23%; interest expense projected at $58M.