Core Insights - The AI-driven bull run of 2023 and 2024 has continued into 2025, with stock prices of AI-centric companies increasing by 300-500% during this period [1] - Old economy stocks from sectors such as industrials, finance, auto, materials, and construction have also seen significant gains, indicating a broad-based market rally [2] Old Economy Stocks - Five old-economy stocks have rallied over 15% year to date and have favorable Zacks Ranks indicating further upside potential in 2026: Comfort Systems USA Inc. (FIX), The Travelers Companies Inc. (TRV), General Motors Co. (GM), JPMorgan Chase & Co. (JPM), and Crane Co. (CR) [3][9] - Each of these stocks carries a Zacks Rank of 1 (Strong Buy) or 2 (Buy) [3] Comfort Systems USA Inc. (FIX) - FIX operates primarily in the HVAC markets and is benefiting from the data center boom driven by AI and cloud computing [6][7] - The company has an expected revenue growth rate of 14.7% and earnings growth rate of 16.4% for the next year, with a 20.1% improvement in the Zacks Consensus Estimate for next year's earnings over the last 30 days [8] The Travelers Companies Inc. (TRV) - TRV has a strong market presence in auto, homeowners' insurance, and commercial property-casualty insurance, with a high retention rate and positive renewal premium changes [10][11] - The expected revenue growth rate is 3.4% and earnings growth rate is 6.7% for the next year, with a 2% improvement in the Zacks Consensus Estimate for next year's earnings over the last 30 days [12] General Motors Co. (GM) - GM holds a 17% market share in the U.S. automotive market, supported by strong demand for its brands and a 10% year-over-year sales increase in China [13][14] - The expected revenue growth rate is -0.8% and earnings growth rate is 11.5% for the next year, with a 6.5% improvement in the Zacks Consensus Estimate for next year's earnings over the last 30 days [15] JPMorgan Chase & Co. (JPM) - JPM is expected to see net interest income growth driven by business expansion initiatives and high interest rates, with a projected CAGR of 3.3% by 2027 [16] - The expected revenue and earnings growth rate for the next year is 3.7%, with a slight improvement in the Zacks Consensus Estimate for next year's earnings [18] Crane Co. (CR) - Crane manufactures engineered industrial products across various regions and has an expected revenue growth rate of 6.1% and earnings growth rate of 9.5% for the next year [19] - The Zacks Consensus Estimate for next year's earnings has improved by 2.5% over the last 30 days [19]

Share DOE loan will help power the digital economy, restore reliable nuclear energy to the grid and create thousands of jobs LONDONDERRY, Pa.--(BUSINESS WIRE)--Constellation (NASDAQ: CEG) announced today that its Crane Clean Energy Center is now backed by a $1 billion U.S. Department of Energy (DOE) loan. This marks the first time the DOE Loan Programs Office has concurrently finalized a conditional loan commitment and financial close, made possible by Constellation's strong balance sheet and credit worthin ...

Core Viewpoint - The Manitowoc Company, Inc. is facing potential challenges due to a complaint filed by the VDMA Materials Handling and Intralogistics Association regarding unfair competition from Chinese mobile cranes in the European Union [1] Group 1: Complaint Details - The VDMA has requested an urgent investigation by the European Commission into the influx of mobile cranes from China [1] - The complaint highlights that the marketing conditions of these Chinese mobile cranes result in unfair competition for European producers [1] Group 2: Industry Implications - The situation may lead to increased scrutiny and regulatory actions affecting the mobile crane market within the European Union [1] - The outcome of the investigation could impact pricing, market share, and competitive dynamics for companies operating in the mobile crane sector in Europe [1]

Core Insights - Red Crane Wealth Management LLC reduced its holdings in Meta Platforms by 30.2% in Q2, owning 1,727 shares valued at $1,275,000, making it the 28th largest holding in their portfolio [2] - Institutional investors own 79.91% of Meta Platforms, with significant increases in holdings from Kingstone Capital Partners Texas LLC and Amundi [3] - Insider selling occurred with Director Robert M. Kimmitt and COO Javier Olivan reducing their positions by 5.53% and 6.10% respectively, with a total of 198,335 shares sold by insiders in the last 90 days [4] Financial Performance - Meta Platforms reported Q3 earnings of $7.25 per share, exceeding estimates of $6.74, with revenue of $51.24 billion, a 26.2% increase year-over-year [6] - The company has a market cap of $1.63 trillion, a price-to-earnings ratio of 28.64, and a PEG ratio of 1.38 [5] Dividend Information - A quarterly dividend of $0.525 per share was paid on September 29, representing an annualized dividend of $2.10 and a yield of 0.3% [7] Analyst Ratings - Recent analyst ratings show a mix of adjustments, with KeyCorp lowering its price target from $905.00 to $875.00, while Citizens Jmp increased its target from $750.00 to $900.00 [9] - The consensus target price for Meta Platforms is $827.60, with an average rating of "Moderate Buy" [9]

Financial Data and Key Metrics Changes - Adjusted EPS was reported at $1.64, reflecting a 5.6% core sales growth, primarily driven by Aerospace & Electronics and Process Flow Technologies [5][19] - Adjusted operating profit increased by 19%, supported by strong net pricing and productivity [19] - Core FX neutral backlog rose by 16% year-over-year, indicating continued strength in Aerospace & Electronics [19][21] Business Line Data and Key Metrics Changes - Aerospace & Electronics sales reached $270 million, a 13% increase, with total aftermarket sales up 20% [21][22] - Process Flow Technologies delivered sales of $319 million, up 3%, with flat core performance and a slight benefit from acquisitions and foreign exchange [22][23] - Adjusted segment margin for Aerospace & Electronics expanded to 25.1%, while Process Flow Technologies saw a margin of 22.4%, reflecting strong productivity and pricing [22][23] Market Data and Key Metrics Changes - The defense and aerospace markets remain robust, with expectations for low double-digit core sales growth for the year [11][21] - The chemical market showed softness, particularly in Europe and China, but North America and the Middle East exhibited positive activity [31][32] Company Strategy and Development Direction - The company is on track to close the acquisition of Precision Sensors & Instrumentation, which is expected to enhance financial profiles and margins [6][9] - The strategic outlook remains focused on operational execution and commercial excellence, with an organic growth assumption of 4% to 6% for 2026 [8][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to navigate current macroeconomic challenges and maintain operational consistency [19][25] - There is optimism regarding the stabilization and potential recovery of the chemical market in the upcoming year [42] Other Important Information - The company raised its full-year adjusted earnings outlook to a range of $5.75 to $5.95, reflecting a 20% growth at the midpoint compared to the previous year [7][24] - The company expects to offset tariff impacts through pricing and productivity measures, with a gross cost increase of approximately $30 million for the year [21] Q&A Session Summary Question: Can you discuss the expectations for the non-chemical portion of Process Flow Technologies? - Management indicated strong growth in wastewater and cryogenics, with double-digit growth expected in these areas [30][31] Question: What are the key drivers of margin upside in Process Flow Technologies? - The margin upside is attributed to innovation, new product launches, and effective pricing strategies [34][36] Question: How is the company preparing for potential impacts from a U.S. government shutdown? - Currently, there are no expected impacts from the government shutdown, and operations remain stable [57] Question: What is the outlook for organic growth in Aerospace & Electronics next year? - Management expects to be at the high end of the long-term growth range of 7% to 9% for Aerospace & Electronics [104] Question: How does the company view automation in its operations? - The focus is on specific tasks for automation rather than complete factory automation, addressing skilled labor gaps [96][98]

Financial Data and Key Metrics Changes - Adjusted EPS for the quarter was $1.64, reflecting a 5.6% core sales growth, primarily driven by Aerospace & Electronics and Process Flow Technologies [5][19] - Adjusted operating profit increased by 19%, supported by strong net pricing and productivity [19] - Core FX neutral backlog rose by 16% year-over-year, indicating continued strength in Aerospace & Electronics [19][22] Business Line Data and Key Metrics Changes - Aerospace & Electronics segment sales reached $270 million, up 13% year-over-year, with total aftermarket sales increasing by 20% [22][23] - Process Flow Technologies delivered sales of $319 million, a 3% increase, with flat core performance and a slight benefit from acquisitions and foreign exchange [23][24] - Adjusted segment margin for Aerospace & Electronics expanded to 25.1%, up 160 basis points from the previous year, while Process Flow Technologies saw a margin of 22.4%, up 60 basis points [23][24] Market Data and Key Metrics Changes - The backlog in Aerospace & Electronics exceeded $1 billion, up 27% year-over-year, indicating strong demand [22] - Core orders in Aerospace & Electronics increased by 5%, aligning with expectations, while Process Flow Technologies experienced a slight decline in core FX neutral orders [22][24] - The company anticipates low double-digit core sales growth for Aerospace & Electronics for the year, up from previous single-digit expectations [11][22] Company Strategy and Development Direction - The company is on track to close the acquisition of Precision Sensors & Instrumentation from Baker Hughes by year-end, with integration planning already underway [6][9] - The strategic outlook for the acquired business has improved, with expectations for it to be accretive to financial profiles in terms of margins and growth [9][45] - The company maintains a robust pipeline for further acquisitions, focusing on both Aerospace & Electronics and Process Flow Technologies [10][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to navigate current market challenges, emphasizing operational discipline and adaptability [5][19] - The company expects to achieve adjusted EPS growth of 20% year-over-year at the midpoint for the full year, raising guidance to $5.75-$5.95 [7][25] - Management remains optimistic about the broader market outlook, anticipating stabilization and potential growth in the chemical sector next year [42][43] Other Important Information - The company has entered into a credit agreement for the acquisition financing, including a $900 million delayed draw term loan and a $900 million revolving credit facility [20][21] - Tariff impacts are expected to total approximately $30 million for the year, with plans to offset these through pricing and productivity measures [22] Q&A Session Summary Question: Can you discuss the organic growth expectations for Process Flow Technologies? - Management indicated that non-chemical markets like wastewater and cryogenics are experiencing double-digit growth, while chemical markets are stable but softer in Europe and China [30][32][33] Question: What are the key drivers of margin upside in Process Flow Technologies? - The margin improvements are attributed to innovation, new product launches, and effective management of tariff impacts through pricing and supply chain strategies [34][36] Question: How is the company positioned regarding the potential U.S. government shutdown? - Management stated that there are currently no impacts from the government shutdown, and they do not foresee any issues in the near term [57] Question: What is the outlook for the Aerospace & Electronics segment next year? - Management expects organic growth to accelerate, potentially reaching the high end of the long-term guidance range of 7%-9% [102] Question: How does the company view automation in its operations? - The company is focusing on specific automation projects to enhance productivity and address skilled labor shortages, rather than fully automating entire facilities [94][96]

Financial Data and Key Metrics Changes - Adjusted EPS for Q3 2025 was reported at $1.64, reflecting a 5.6% core sales growth, primarily driven by Aerospace & Electronics and Process Flow Technologies [4][18] - Adjusted operating profit increased by 19%, supported by strong net pricing and productivity [18] - Core FX neutral backlog rose by 16% year-over-year, indicating continued strength in Aerospace & Electronics [18] Business Line Data and Key Metrics Changes - Aerospace & Electronics segment sales reached $270 million, up 13% year-over-year, with total aftermarket sales increasing by 20% [20][22] - Process Flow Technologies delivered sales of $319 million, a 3% increase, with flat core performance and a slight benefit from acquisitions and foreign exchange [22][23] - The adjusted segment margin for Aerospace & Electronics expanded to 25.1%, while Process Flow Technologies saw an adjusted operating margin of 22.4% [22][23] Market Data and Key Metrics Changes - The defense and aerospace markets remain strong, with a robust backlog and new program opportunities expected to drive growth into 2026 [9][10] - Core sales growth for Aerospace & Electronics is now anticipated to be in the low double digits for the year, up from previous single-digit expectations [10] - The chemical market remains soft, but North America shows positive signs with ongoing projects and expansions [30][31] Company Strategy and Development Direction - The company is focused on integrating the acquisition of Precision Sensors & Instrumentation, which is expected to enhance financial profiles and growth [5][8] - The investment thesis remains firm, with expectations of 4% to 6% organic growth leveraging operational capabilities [6][24] - Continued emphasis on innovation and operational excellence is expected to drive margin improvements and market outperformance [33][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to navigate current macroeconomic challenges while maintaining operational discipline [18][25] - The outlook for 2026 remains positive, with expectations of continued growth driven by strong demand in key markets [6][67] - Management noted that while there are headwinds, the overall sentiment is optimistic regarding future market conditions and growth opportunities [39][40] Other Important Information - The company has a strong balance sheet and is well-positioned for further M&A activity, with a robust pipeline of acquisition opportunities [5][19] - Tariff impacts are expected to be offset through pricing and productivity measures, with a projected gross cost increase of approximately $30 million for the year [20] Q&A Session Summary Question: Can you discuss the expectations for the non-chemical portion of Process Flow Technologies? - Management indicated strong double-digit growth in wastewater and cryogenics, driven by infrastructure investments and reshoring activities in North America [28][30] Question: What is the outlook for the chemical market? - Management noted stability in the chemical market with expectations for improvement next year, particularly in North America and the Middle East [31][38] Question: How will the acquisition of Precision Sensors & Instrumentation impact margins? - Management expressed confidence that the integration will enhance margins and growth, leveraging the Crane Business System [41] Question: What are the expectations for Aerospace & Electronics organic growth next year? - Management anticipates that organic growth will accelerate, potentially reaching the high end of the long-term guidance range of 7% to 9% [87] Question: How is the company preparing for potential impacts from a U.S. government shutdown? - Currently, there are no expected impacts from the government shutdown, and operations remain stable [47]

Group 1 - The article does not provide any specific content or key points related to a company or industry [1]

Q3 2025 Financial Performance - Sales increased by 7.5% from $548.3 million in Q3 2024 to $589.2 million in Q3 2025[8] - Operating profit increased by 19.6% from $99.0 million in Q3 2024 to $118.4 million in Q3 2025[8] - Earnings per share (EPS) from continuing operations increased by 24.8% from $1.25 in Q3 2024 to $1.56 in Q3 2025[8] - Adjusted EBITDA increased by 17.8% from $113.7 million in Q3 2024 to $133.9 million in Q3 2025[8] Segment Performance - Aerospace & Electronics sales increased by 13.0% from $239.1 million in Q3 2024 to $270.2 million in Q3 2025, with a core growth of 12.8%[11, 12] - Process Flow Technologies sales increased by 3.2% from $309.2 million in Q3 2024 to $319.0 million in Q3 2025[14] Liquidity and M&A - As of September 30, 2025, the company had approximately $2,188 million in liquidity, including ~$388 million in cash, $900 million undrawn revolver and $900 million delayed draw term loan[19] - The company expects to have over $1.5 billion in M&A capacity after the PSI transaction[20] Full Year 2025 Guidance - The company expects revenue between $2.285 billion and $2.3 billion, representing a core sales growth of 4-6%[21, 22] - Adjusted EPS is projected to be between $5.75 and $5.95[21]

Core Insights - Crane Company is set to release its third quarter 2025 earnings on October 27, 2025, after market close [3] - A teleconference will be held on October 28, 2025, at 10:00 AM Eastern, featuring key executives [3] Company Overview - Crane Company has been providing innovation and technology-led solutions since its establishment in 1855 [1] - The company specializes in manufacturing highly engineered components for aerospace, defense, space, and process industries [1] - Crane operates through two strategic growth platforms: Aerospace & Electronics and Process Flow Technologies [1] - The company employs approximately 7,500 individuals across the Americas, Europe, the Middle East, Asia, and Australia [1]