NYSE$CR

Crane Co · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Reported fourth quarter results, initiated full year 2025 EPS guidance, and raised annual dividend by 12%.

Crane Company reported an exceptional year with 8% core sales growth and 28% adjusted EPS growth in 2024. The company strengthened its portfolio through acquisitions and the divestiture of the Engineered Materials segment.

  • Earnings per diluted share (EPS) from continuing operations increased by 58% to $1.20, with adjusted EPS from continuing operations also up 58% to $1.26.
  • Sales increased by 12% to $544 million, driven by 8% core sales growth.
  • Core order growth and core backlog growth both increased by 8% and 9% respectively, primarily driven by ongoing strength at Aerospace & Electronics.
  • The company declared a first quarter 2025 regular dividend of $0.23 per share, raising the annual dividend by 12% to $0.92 per share.

Headline financials

Total Revenue

$544M

Previous: $533M+2.1%
EPS (adj)

$1.26

Previous: $0.90+40.0%
Operating Margin

15.8%

No prior period
Adj. Operating Margin

17.7%

No prior period
Capital Expenditures

-$11.1M

Previous: -$13M+14.6%
Net Income

$70.3M

Previous: $49.4M+42.3%
Operating Income

$86M

Previous: $67M+28.4%
Gross Profit

$223M

Previous: $194M+14.8%

Revenue & EPS history

Crane · Revenue · Quarterly

$544M

Q4 2024+2.1%vs Q4 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Crane · $267M total across 1 segment · Q3 2023

  • Process Flow Tech
    $267M

Forward guidance

The company initiated its full year 2025 adjusted EPS outlook with a range of $5.30-$5.60, reflecting 12% growth at the midpoint compared to 2024 adjusted EPS.

Tailwinds

  • Total sales growth of approximately 5%, driven by core sales growth of approximately 4% to 6% and an acquisition benefit of approximately 1-2%.
  • Adjusted segment operating margin of 22.5%+
  • Corporate cost of $80 million.
  • Net non-operating expense of $10 million.
  • Adjusted tax rate of 23.5%.

Headwinds

  • A 1% headwind from foreign exchange.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 12 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+0.8%

Avg return

Earnings day

+1.8%

Avg return

5 days after

+5.2%

Avg return

30 days after

58%

38 / 65 earnings

Positive

+11.6%

Q3 2023

Best reaction

-11.4%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.7%-5.9%-1.0%
Q4 2025-11.4%-12.9%-2.7%
Q3 2025+0.0%-0.6%-4.4%
Q2 2025-0.9%-0.5%-4.2%
Q1 2025+1.3%+5.3%+7.9%
Q4 2024+8.7%+5.3%+0.8%
Q3 2024+6.6%+5.6%+21.8%
Q2 2024-4.7%-8.2%-2.5%
Q1 2024+6.7%+11.5%+13.3%
Q4 2023+8.8%+11.5%+9.2%
Q3 2023+11.6%+8.5%+27.9%
Q2 2023+2.7%+3.5%-4.6%
Q1 2023-2.5%+0.4%+5.5%
Q4 2022+6.7%
Q3 2022-1.5%
Q2 2022-2.2%
Q1 2022-5.7%
Q4 2021+1.9%
Q3 2021+7.6%
Q2 2021+3.4%
Q1 2021+3.7%
Q4 2020-4.1%
Q3 2020-4.7%
Q2 2020-5.9%
Q1 2020+6.9%
Q4 2019-0.2%
Q3 2019-6.2%
Q2 2019+4.1%
Q1 2019-2.2%
Q4 2018+4.3%
Q3 2018-1.3%
Q2 2018-0.8%
Q1 2018-7.7%
Q4 2017+2.9%
Q3 2017+2.0%
Q2 2017-7.3%
Q1 2017+5.0%
Q4 2016-3.1%
Q3 2016+11.5%
Q2 2016+5.4%
Q1 2016-0.2%
Q4 2015+3.8%
Q3 2015+4.8%
Q2 2015+0.4%
Q1 2015+1.4%
Q4 2014+2.4%
Q3 2014+0.3%
Q2 2014-0.2%
Q1 2014+3.1%
Q4 2013+1.6%
Q3 2013+1.8%
Q2 2013-1.1%
Q1 2013+0.4%
Q4 2012+2.0%
Q3 2012+3.4%
Q2 2012+1.3%
Q1 2012-2.0%
Q4 2011-1.7%
Q3 2011+1.2%
Q2 2011-4.4%
Q1 2011+1.3%
Q4 2010+0.1%
Q3 2010+1.4%
Q2 2010-0.3%
Q1 2010-5.4%

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