Financial Data and Key Metrics Changes - The company reported full year adjusted EPS of $3.84, down from $6.02 in 2019, reflecting the impact of COVID-19 [6][14] - For Q4, EPS excluding special items was $1, compared to $1.58 in the same quarter last year, with a decline attributed to sporadic disruptions related to COVID-19 [6][14] - Free cash flow for the quarter was $275 million, exceeding guidance of $230 million to $260 million, driven by effective working capital management [33][34] Business Line Data and Key Metrics Changes - Fluid Handling sales declined 7% to $258 million, with a 14% decline in core sales, partially offset by acquisition benefits [23] - Payment & Merchandising Technologies sales decreased 9% to $285 million, driven by a 25% decline in core sales [27] - Aerospace & Electronics sales fell 29% to $143 million, with a 39% decline in aftermarket sales, but defense OE business remained strong with a 13% increase [30] Market Data and Key Metrics Changes - Orders in December 2020 were higher than any other month of the year, with core year-over-year growth of 11% [15] - The company expects an inflection to positive core growth in Fluid Handling by mid-2021, particularly in chemical and pharmaceutical markets [16][25] - The currency demand for cash remains high, with expectations of strong growth driven by U.S. government demand and international banknote market wins [29] Company Strategy and Development Direction - The company emphasized the importance of maintaining strategic growth investments while implementing cost reductions during the pandemic [10][11] - The focus for 2021 includes EPS growth of 30%, with expectations of recovery in major end markets [14][15] - The company plans to continue pursuing acquisitions in Aerospace & Electronics and Fluid Handling, with a disciplined approach to capital allocation [38][56] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery trajectory, indicating that the company has passed the inflection point of the pandemic [15][20] - The outlook for 2021 is tempered by ongoing COVID-19 challenges, but there is confidence in substantial improvement throughout the year [14][15] - Management highlighted the importance of safety protocols and support for employees during the pandemic [11][12] Other Important Information - The company maintained a strong balance sheet with over $1.1 billion in available liquidity at the end of 2020 [37] - The non-GAAP tax rate for the year was 20.5%, slightly down from 21.1% in 2019 [33] - The company plans to provide more detailed insights into its growth initiatives at upcoming Investor Day events [41] Q&A Session Summary Question: Guidance for 2021 and key drivers for potential upside - Management indicated that the guidance range reflects confidence in recovery assumptions, with potential upside depending on COVID vaccine distribution and broader economic recovery [43][44] Question: Expectations for various pieces of the Payment & Merchandising Technologies business - Management expects a stronger first half for currency and a recovery in CPI towards the second half of the year as markets improve [46] Question: Order trends and disruptions at the end of Q4 - Management confirmed that order strength has continued into the new year, with minor disruptions expected to be resolved in Q1 [49][50] Question: Capital allocation and M&A strategy - Management plans to focus on integration and execution in Payment & Merchandising while prioritizing Fluid Handling and Aerospace & Electronics for potential acquisitions [55][56] Question: Aerospace & Electronics aftermarket trends - Management expects aftermarket improvements to lag behind passenger air travel recovery, with significant improvements anticipated in the second half of the year [64]

Crane Co. (NYSE:CR) Q3 2020 Results Earnings Conference Call October 27, 2020 10:00 AM ET Company Participants Jason Feldman - Vice President, Investor Relations Max Mitchell - President & Chief Executive Officer Richard Maue - Senior Vice President & Chief Financial Officer Conference Call Participants Matt Summerville - D.A. Davidson Damian Karas - UBS Ken Herbert - Canaccord Nathan Jones - Stifel Operator Greetings. Welcome to Crane Co. Third Quarter 2020 Earnings Call. At this time all participants are ...

Crane Co. Q3 2020 Earnings Release Call FORWARD-LOOKING STATEMENTS–DISCLAIMER This press release may contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements are based on the management's current beliefs, expectations, plans, assumptions and objectives regarding Crane Co.'s future financial performance and are subject to significant risks and uncertainties. Any discussions contained in this press release, except to the extent that they contain h ...

Crane Co. (NYSE:CR) Q2 2020 Earnings Conference Call July 28, 2020 10:00 AM ET Company Participants Jason Feldman - Director, Investor Relations Max Mitchell - President and Chief Executive Officer Rich Maue - Senior Vice President and Chief Financial Officer Conference Call Participants Matt Summerville - D.A. Davidson Nathan Jones - Stifel Ken Herbert - Canaccord Damian Karas - UBS Brett Linzey - Vertical Research Partners Operator Greetings, and welcome to the Crane Company Second Quarter Earnings Call. ...

Crane Co. Q2 2020 Earnings Release Call FORWARD-LOOKING STATEMENTS–DISCLAIMER This presentation may contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements are based on the management's current beliefs, expectations, plans, assumptions and objectives regarding Crane Co.'s future financial performance and are subject to significant risks and uncertainties. Any discussions contained in this press release, except to the extent that they contain hi ...