Crane Company released its third‑quarter 2025 results on Monday, October 27, 2025, after market close. Net sales rose 7.5 % year‑over‑year to $589.2 million. Adjusted earnings per share increased 27 % to $1.64, while GAAP earnings per share from continuing operations were $1.56, up 25 % from $1.24 in Q3 2024.
Operating profit grew 19.6 % to $118.4 million, and the adjusted operating profit margin expanded to 20.7 % from 18.7 % a year earlier. The company raised its full‑year adjusted EPS outlook to $5.75–$5.95, up from the prior $5.50–$5.80 range, and announced a quarterly dividend of $0.23 per share for Q4 2025, payable December 10, 2025, with a record date of November 28, 2025.
Crane entered into a new $1.8 billion credit agreement on September 30, 2025, comprising a $900 million delayed‑draw term loan and a $900 million revolving credit facility, both maturing September 30, 2030. The facility is intended to finance the pending acquisition of Precision Sensors & Instrumentation (PSI), expected to close at year‑end.
The PSI acquisition is valued at $1.06 billion, including estimated tax benefits, or $1.15 billion in cash. The deal adds the Druck, Panametrics, and Reuter‑Stokes brands, strengthening Crane’s capabilities in aerospace, nuclear, and process industries and expanding its high‑engineering product portfolio.
Segment results highlighted continued strength in Aerospace & Electronics, where net sales reached $270.2 million, up 12.0 % year‑over‑year, and operating profit was $67.7 million with a 25.1 % margin. Process Flow Technologies generated $319.0 million in sales, up 3.2 %, and $70.8 million in operating profit at a 22.2 % margin.
The company’s order backlog stood at $1,437.1 million as of September 30, 2025, with $1,054.1 million in Aerospace & Electronics and $383.0 million in Process Flow Technologies. Cash on hand totaled $388.2 million, and the company reported no debt outstanding as of that date, positioning it with strong liquidity and a low net debt to adjusted EBITDA ratio after the PSI acquisition.
Prior‑year comparisons show consolidated operating profit of $99.0 million and adjusted operating profit of $102.8 million in Q3 2024, underscoring the company’s growth trajectory.
CEO Max Mitchell highlighted the quarter as a reflection of differentiated technology, commercial excellence, and operational discipline, noting that the new financing and acquisition will further accelerate Crane’s strategic focus on mission‑critical engineering solutions.
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