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STAMFORD, Conn. - Crane Co. (NYSE: CR) reported fourth quarter earnings that fell short of analyst expectations, but provided an optimistic outlook for 2025 that sees continued growth.
The industrial products manufacturer posted adjusted earnings per share of $1.26 for Q4, missing the consensus estimate of $1.29. Revenue came in at $544 million, below the $578.57 million analysts were expecting.
Despite the earnings miss, Crane’s Q4 revenue grew 12% year-over-year, driven by 8% core sales growth and a 4% contribution from acquisitions. The company’s Aerospace & Electronics segment saw sales rise 11% to $237 million, while Process Flow Technologies revenue increased 13% to $307 million.
"Crane Company (NYSE:CR) had an exceptional year with both segments executing at a high level. As a result, we delivered 8% core sales growth with 28% adjusted EPS growth in 2024," said Max Mitchell, Crane’s Chairman, President and CEO.
Looking ahead, Crane initiated its full year 2025 adjusted EPS guidance in the range of $5.30 to $5.60, reflecting 12% growth at the midpoint compared to 2024. This outlook came in above the $5.51 consensus estimate.
The company expects total sales growth of approximately 5% in 2025, driven by core sales growth of 4-6% and a 1-2% benefit from acquisitions.
Crane’s stock edged up 0.36% in after-hours trading following the earnings release.
"As we look to 2025, I remain excited about the momentum we continue to build at Crane and the performance we continue to drive within the businesses," Mitchell added.
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