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Q4 2025 EARNINGS RELEASE CALL JANUARY 27, 2026
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FORWARD LOOKING STATEMENTS – DISCLAIMER This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical statements of fact and those regarding our intent, belief, or expectations, including, but not limited to: benefits and synergies of the Druck, Panametrics and ReuterStokes, and optek-Danulat acquisitions; strategic and competitive advantages of Crane; future financing plans and opportunities; and business strategies, prospects and projected operating and financial results. We caution investors not to place undue reliance on any such forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties that could lead to actual results differing materially from those projected, forecasted or expected. Although we believe that the assumptions underlying the forward-looking statements are reasonable, we can give no assurance that our expectations will be attained. Risks and uncertainties that could cause actual results to differ materially from our expectations include, but are not limited to: changes in global economic conditions (including inflationary pressures and new tariffs) and geopolitical risks, including macroeconomic fluctuations that may harm our business, results of operation and stock price; being unable to identify or complete acquisitions, or to successfully integrate the businesses we acquire, or complete dispositions; information systems and technology network failures and breaches in data security, theft of personally identifiable and other information, non-compliance with our contractual or other legal obligations regarding such information; our ability to source components and raw materials from suppliers, including disruptions and delays in our supply chain; demand for our products, which is variable and subject to factors beyond our control; governmental regulations and failure to comply with those regulations; fluctuations in the prices of our components and raw materials; loss of personnel or being unable to hire and retain additional personnel needed to sustain and grow our business as planned; risks from environmental liabilities, costs, litigation and violations that could adversely affect our financial condition, results of operations, cash flows and reputation; risks associated with conducting a substantial portion of our business outside the U.S.; adverse impacts from intangible asset impairment charges; potential product liability or warranty claims; being unable to successfully develop and introduce new products, which would limit our ability to grow and maintain our competitive position and adversely affect our financial condition, results of operations and cash flow; significant competition in our markets; additional tax expenses or exposures that could affect our financial condition, results of operations and cash flows; inadequate or ineffective internal controls; specific risks relating to our reportable segments, including Aerospace & Advanced Technologies, and Process Flow Technologies; the ability and willingness of Crane Company and Crane NXT, Co. to meet and/or perform their obligations under any contractual arrangements that were entered into among the parties in connection with the separation transaction and any of their obligations to indemnify, defend and hold the other party harmless from and against various claims, litigation and liabilities; and the ability to achieve some or all the benefits that we expect to achieve from the separation transaction. Readers should carefully review Crane’s financial statements and the notes thereto, as well as the section entitled “Risk Factors” in Item 1A of Crane’s Annual Report on Form 10-K for the year ended December 31, 2024 and the other documents Crane files from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Crane assumes no (and disclaims any) obligation to revise or update any forward-looking statements. We make no representations or warranties as to the accuracy of any projections, statements or information contained in this presentation. It is understood and agreed that any such projections, targets, statements and information are not to be viewed as facts and are subject to significant business, financial, economic, operating, competitive and other risks, uncertainties and contingencies many of which are beyond our control, that no assurance can be given that any particular financial projections ranges, or targets will be realized, that actual results may differ from projected results and that such differences may be material. While all financial projections, estimates and targets are necessarily speculative, we believe that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the projection, estimate or target extends from the date of preparation. The assumptions and estimates underlying the projected, expected or target results are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the financial projections, estimates and targets. The inclusion of financial projections, estimates and targets in this presentation should not be regarded as an indication that we or our representatives, considered or consider the financial projections, estimates and targets to be a reliable prediction of future events. 2
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FOURTH QUARTER RESULTS $ Millions GAAP Adjusted* except per-share amounts Q4 2025 Q4 2024 Change Q4 2025 Q4 2024 Change SALES $581.0 $544.1 +6.8% $581.0 $544.1 +6.8% OPERATING PROFIT $101.8 $86.2 +18.1% $111.7 $96.4 +15.9% OPERATING MARGIN 17.5% 15.8% +170 bps 19.2% 17.7% +150 bps EARNINGS PER SHARE (Continuing Operations) $1.39 $1.20 +15.8% $1.53 $1.26 +21.4% ADJUSTED EBITDA NA NA NA $124.0 $107.9 +14.9% Additional Details Q4 2025 DILUTED EPS: GAAP $1.39 SPECIAL ITEMS, NET $0.14 DILUTED EPS: ADJUSTED $1.53 Q4 2025 CORE GROWTH** +5.4% ACQUISITIONS +0.4% FX TRANSLATION +1.0% TOTAL SALES CHANGE +6.8% *Excludes Special Items. Please see Non-GAAP explanation for details. ** References to changes in “core growth”, “core sales” or “core sales growth” in this report include the change in sales exc luding the impact of foreign currency translation and acquisitions and divestitures from closing up to the first anniversary, of such acquisitions or divestitures. 3
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FULL YEAR 2025 RESULTS $ Millions GAAP Adjusted* except per-share amounts 2025 2024 Change 2025 2024 Change SALES $2,305.0 $2,131.2 +8.2% $2,305.0 $2,131.2 +8.2% OPERATING PROFIT $424.2 $355.8 +19.2% $447.2 $383.0 +16.8% OPERATING MARGIN 18.4% 16.7% +170 bps 19.4% 18.0% +140 bps EARNINGS PER SHARE (Continuing Operations) $5.66 $4.60 +23.0% $6.05 $4.88 +24.0% ADJUSTED EBITDA NA NA NA $495.7 $426.7 +16.2% Additional Details 2025 DILUTED EPS: GAAP $5.66 SPECIAL ITEMS, NET $0.39 DILUTED EPS: ADJUSTED $6.05 2025 CORE GROWTH** +6.2% ACQUISITIONS +1.4% FX TRANSLATION +0.6% TOTAL SALES CHANGE +8.2% *Excludes Special Items. Please see Non-GAAP explanation for details. ** References to changes in “core growth”, “core sales” or “core sales growth” in this report include the change in sales exc luding the impact of foreign currency translation and acquisitions and divestitures from closing up to the first anniversary, of such acquisitions or divestitures. 4
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AEROSPACE & ADVANCED TECHNOLOGIES Q4 RESULTS $ Millions GAAP Adjusted* except per-share amounts Q4 2025 Q4 2024 Change Q4 2025 Q4 2024 Change SALES $271.6 $236.8 +14.7% $271.6 $236.8 +14.7% OPERATING PROFIT $62.3 $53.1 +17.3% $64.0 $54.7 +17.0% OPERATING MARGIN 22.9% 22.4% +50 bps 23.6% 23.1% +50 bps BACKLOG $1,075.5 $863.8 +24.5% $1,075.5 $863.8 +24.5% Additional Details Q4 2025 OE SALES +23% AFTERMARKET SALES +1% OE/AFTERMARKET MIX 68% /32% Q4 2025 CORE GROWTH** +14.3% FX TRANSLATION +0.4% TOTAL SALES CHANGE +14.7% 5 *Excludes Special Items. Please see Non-GAAP explanation for details. ** References to changes in “core growth”, “core sales” or “core sales growth” in this report include the change in sales exc luding the impact of foreign currency translation and acquisitions and divestitures from closing up to the first anniversary, of such acquisitions or divestitures.
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AEROSPACE & ADVANCED TECHNOLOGIES 2025 RESULTS $ Millions GAAP Adjusted* except per-share amounts 2025 2024 Change 2025 2024 Change SALES $1,048.9 $932.7 +12.4% $1,048.9 $932.7 +12.4% OPERATING PROFIT $262.5 $209.0 +25.6% $264.3 $216.6 +22.0% OPERATING MARGIN 25.0% 22.4% +260 bps 25.2% 23.2% +200 bps BACKLOG $1,075.5 $863.8 +24.5% $1,075.5 $863.8 +24.5% Additional Details 2025 OE SALES +12% AFTERMARKET SALES +14% OE/AFTERMARKET MIX 66% /34% 2025 CORE GROWTH** +12.3% FX TRANSLATION +0.2% TOTAL SALES CHANGE +12.5% 6 *Excludes Special Items. Please see Non-GAAP explanation for details. ** References to changes in “core growth”, “core sales” or “core sales growth” in this report include the change in sales exc luding the impact of foreign currency translation and acquisitions and divestitures from closing up to the first anniversary, of such acquisitions or divestitures.
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PROCESS FLOW TECHNOLOGIES Q4 RESULTS $ Millions GAAP Adjusted* except per-share amounts Q4 2025 Q4 2024 Change Q4 2025 Q4 2024 Change SALES $309.4 $307.3 +0.7% $309.4 $307.3 +0.7% OPERATING PROFIT $66.0 $58.4 +13.0% $68.1 $62.5 +9.0% OPERATING MARGIN 21.3% 19.0% +230 bps 22.0% 20.3% +170 bps BACKLOG $359.9 $376.4 -4.4% $359.9 $376.4 -4.4% Additional Details Q4 2025 CORE GROWTH** -1.5% ACQUISITIONS +0.6% FX TRANSLATION +1.6% TOTAL SALES CHANGE +0.7% 7 • On a year-over-year basis, core FX-neutral backlog decreased 7% and core FX-neutral orders decreased 4%. • On a sequential quarter-over-quarter basis, core FX-neutral backlog decreased 6% and core FX-neutral orders decreased 4%. *Excludes Special Items. Please see Non-GAAP explanation for details. ** References to changes in “core growth”, “core sales” or “core sales growth” in this report include the change in sales exc luding the impact of foreign currency translation and acquisitions and divestitures from closing up to the first anniversary, of such acquisitions or divestitures.
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PROCESS FLOW TECHNOLOGIES 2025 RESULTS $ Millions GAAP Adjusted* except per-share amounts 2025 2024 Change 2025 2024 Change SALES $1,256.1 $1,198.5 +4.8% $1,256.1 $1,198.5 +4.8% OPERATING PROFIT $263.5 $240.3 +9.7% $269.9 $249.9 +8.0% OPERATING MARGIN 21.0% 20.1% +90 bps 21.5% 20.9% +60 bps BACKLOG $359.9 $376.4 -4.4% $359.9 $376.4 -4.4% Additional Details 2025 CORE GROWTH** +1.5% ACQUISITIONS +2.4% FX TRANSLATION +0.9% TOTAL SALES CHANGE +4.8% 8 • On a year-over-year basis, core FX-neutral backlog decreased 7% and core FX-neutral orders decreased 4%. *Excludes Special Items. Please see Non-GAAP explanation for details. ** References to changes in “core growth”, “core sales” or “core sales growth” in this report include the change in sales exc luding the impact of foreign currency translation and acquisitions and divestitures from closing up to the first anniversary, of such acquisitions or divestitures.
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CAPITAL OPTIONALITY TODAY As of January 2, 2026 Additional Details ▪ Post the acquisitions of Druck, Panametrics, Reuter- Stokes, and optek-Danulat, our current net leverage 1.4x EXPECTED M&A CAPACITY: $1.5+ BILLION AFTER OPTEK-DANULAT 9 ~$1,150M Debt *Only authorized to be drawn for acquisition of Precision Sensors & Instrumentation (“PSI”) Total Debt Liquidity ~$1,000M Liquidity $650M Undrawn Revolver ~$350M Cash
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INSTRUMENTATION & MEASUREMENT ADDITIONS 10 Radiation detectors, flame and neutron detectors, and high-performance sensors for nuclear and industrial applications Flow meters, gas and moisture analyzers, and flare management solutions for process industries Pressure sensors and test & calibration equipment for Aerospace, defense and industrial applications In-line, liquid process monitoring solutions using photometric and electrochemical sensors, for conventional and single use applications
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POSITIVE TRAJECTORY EXTENDS INTO 2026 Key Highlights for 2026 Revenue Core sales growth** in the range of 4-6% FX Tailwind ~+1% benefit M&A Contribution ~+18-20% ▪ Druck ▪ Panametrics ▪ Reuter Stokes ▪ optek-Danulat 11 *Excludes Special Items. Please see Non-GAAP explanation for details. ** References to changes in “core growth”, “core sales” or “core sales growth” in this report include the change in sales exc luding the impact of foreign currency translation and acquisitions and divestitures from closing up to the first anniversary, of such acquisitions or divestitures. $ millions except EPS FY 2026 CURRENT GUIDANCE Revenue $2,845 - $2,875 Adjusted Segment Operating Margin* 22.5%+ Adjusted EPS* $6.55-$6.75 Adjusted Free Cash Flow Conversion 90-100% Additional Guidance Details Corporate cost $80-$85 million Net non-operating expense ~$58 million Tax Rate 23.0% Diluted Shares ~59 million
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2026 OUTLOOK WALK TO THE MIDPOINT 12 $6.05 $1.28 $0.16 $0.07 ($0.75) ($0.16) $6.65 2025 Adjusted EPS Segment Operating Profit Intangible Amortization Corporate Expense Non-Operating Expense Insurance Recovery 2026E Adjusted EPS (primarily interest from funding of acquisitions) Mid-point of Our $6.55–$6.75 Guided Range
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OUR THESIS – BUILDING MOMENTUM 13 4–6% Core Growth Solid organic growth profile, led by technology innovation and new product 35–40% Operating Leverage Continued margin expansion led by superior products, strong pricing, and operational excellence Growth Through M&A Disciplined approach to acquisitions; require 10% ROIC by year 5 1.4x Net Debt to EBITDA Strong balance sheet supporting our capital deployment strategies
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Non-GAAP Information and Appendix January 27, 2026
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NON-GAAP EXPLANATION (1/2) Crane Company reports its financial results in accordance with U.S. generally accepted accounting principles (“GAAP”). This presentation includes certain non-GAAP financial measures, including adjusted operating profit, adjusted operating margin, adjusted EBITDA, adjusted EPS, Free Cash Flow and Adjusted Free Cash Flow, that are not prepared in accordance with GAAP. These non-GAAP measures are an addition, and not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP and should not be considered as an alternative to operating income, net income or any other performance measures derived in accordance with GAAP. We believe that these non-GAAP measures of financial results (including on a forward-looking or projected basis) provide useful supplemental information to investors about Crane Company. Our management uses certain forward looking non-GAAP measures to evaluate projected financial and operating results. However, there are a number of limitations related to the use of these non-GAAP measures and their nearest GAAP equivalents. For example, other companies may calculate non-GAAP measures differently or may use other measures to calculate their financial performance, and therefore our non-GAAP measures may not be directly comparable to similarly titled measures of other companies. Reconciliations of certain forward-looking and projected non-GAAP measures for Crane Company, including Adjusted EPS, Adjusted operating profit, and Adjusted segment operating margin to the closest corresponding GAAP measure are not available without unreasonable efforts due to the high variability, complexity and low visibility with respect to the charges excluded from these non-GAAP measures, which could have a potentially significant impact on our future GAAP results. For Crane Company, these forward looking and projected non- GAAP measures are calculated as follows: “Adjusted Net Income” is calculated as Net Income adjusted for Special Items which include transaction related expenses, repositioning related (gains), and pension non-service costs. “Adjusted EPS” is calculated as Adjusted Net Income divided by diluted shares. “Adjusted Operating Profit” is calculated as Operating Profit before Special Items which include repositioning related (gains) charges and transaction related expenses such as tax charges, professional fees, and incremental costs related to transaction related expenses. “Adjusted Operating Margin” is calculated as Adjusted Operating Profit divided by sales. “Adjusted Segment Operating Margin” is calculated as Adjusted Segment Operating Profit divided by Segment sales. “Free Cash Flow” is calculated as operating cash flow less capital expenditures. “Free Cash Flow Conversion” is calculated as free cash flow divided by adjusted net income. 15
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NON-GAAP EXPLANATION (2/2) We believe that each of the following non-GAAP measures provides useful information to investors regarding the Company’s financial conditions and operations: "Adjusted Operating Profit" and "Adjusted Operating Margin" add back to Operating Profit items which are outside of our core performance, some of which may or may not be non-recurring, and which we believe may complicate the interpretation of the Company’s underlying earnings and operational performance (“Special Items”). These items include income and expense such as transaction related expenses and repositioning related (gains) charges. These items are not incurred in all periods, the size of these items is difficult to predict, and none of these items are indicative of the operations of the underlying businesses. We believe that non-GAAP financial measures that exclude these items provide investors with an alternative metric that can assist in predicting future earnings and profitability that are complementary to GAAP metrics. "Adjusted Net Income" and "Adjusted EPS" exclude items which are outside of our core performance, some of which may or may not be non-recurring, and which we believe may complicate the presentation of the Company’s underlying earnings and operational performance (“Special Items”). These measures include income and expense items that impacted Operating Profit such as transaction related expenses and repositioning related (gains) charges, as well as items not impacted Operating Profit such as pension non- service costs. These items are not incurred in all periods, the size of these items is difficult to predict, and none of these items are indicative of the operations of the underlying businesses. We believe that non-GAAP financial measures that exclude these items provide investors with an alternative metric that can assist in predicting future earnings and profitability that are complementary to GAAP metrics. "Adjusted EBITDA" adds back to net income: net interest expense, income tax expense, depreciation and amortization, miscellaneous income, net, and Special Items including transaction related expenses. "Adjusted EBITDA Margin" is calculated as adjusted EBITDA divided by net sales. We believe that adjusted EBITDA and adjusted EBITDA margin provide investors with an alternative metric that may be a meaningful indicator of our performance and provides useful information to investors regarding our financial conditions and results of operations that is complementary to GAAP metrics. “Free Cash Flow” and “Adjusted Free Cash Flow” provide supplemental information to assist management and investors in analyzing the Company’s ability to generate liquidity from its operating activities. The measure of free cash flow does not take into consideration certain other non-discretionary cash requirements such as, for example, mandatory principal payments on the Company’s long-term debt. Free Cash Flow is calculated as cash provided by operating activities less capital spending. Adjusted Free Cash Flow is calculated as Free Cash Flow adjusted for certain cash items which we believe may complicate the interpretation of the Company’s underlying free cash flow performance such as certain transaction related cash flow items related to acquisitions and insurance proceeds related to damaged property, plant and equipment caused by natural disasters. These items are not incurred in all periods, the size of these items is difficult to predict, and none of these items are indicative of the operations of the underlying businesses. We believe that non-GAAP financial measures that exclude these items provide investors with an alternative metric that can assist in predicting future cash flows that are complementary to GAAP metrics. 16
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NON-GAAP FINANCIAL MEASURES Non-GAAP Financial Measures (unaudited, in millions, except per share data) 17 Three Months Ended December 31, 2025 2024 % Change $ Per Share $ Per Share (on $) Net sales (GAAP) $ 581.0 $ 544.1 6.8 % Adjusted Operating Profit and Adjusted Operating Profit Margin Operating profit (GAAP) $ 101.8 $ 86.2 18.1 % Operating profit margin (GAAP) 17.5 % 15.8 % Special items impacting operating profit: Transaction related expenses (a)(b) 6.3 7.4 Repositioning related charges, net 3.6 2.8 Adjusted operating profit (Non-GAAP) $ 111.7 $ 96.4 15.9 % Adjusted operating profit margin (Non-GAAP) 19.2 % 17.7 % Adjusted Net Income and Adjusted Net Income per Share Net income from continuing operations attributable to common shareholders (GAAP) $ 81.7 $ 1.39 $ 70.3 $ 1.20 16.2 % Transaction related expenses (a)(b) 4.9 0.08 2.9 0.05 Repositioning related charges, net 3.6 0.06 2.8 0.05 Impact of pension non-service costs 1.2 0.02 — — Tax effect of the Non-GAAP adjustments (1.5) (0.02) (2.3) (0.04) Adjusted net income (Non-GAAP) $ 89.9 $ 1.53 $ 73.7 $ 1.26 22.0 % Adjusted EBITDA and Adjusted EBITDA Margin Net income from continuing operations attributable to common shareholders (GAAP) $ 81.7 $ 70.3 16.2 % Net income margin (GAAP) 14.1 % 12.9 % Adjustments to net income: Interest (income) expense, net (1.4) 3.8 Income tax expense 27.3 15.6 Depreciation 9.3 8.7 Amortization 3.1 4.8 Miscellaneous income, net (5.8) (3.5) Repositioning related charges, net 3.6 2.8 Transaction related expenses (a)(b) 6.2 5.4 Adjusted EBITDA (Non-GAAP) $ 124.0 $ 107.9 14.9 % Adjusted EBITDA Margin (Non-GAAP) 21.3 % 19.8 % (a) 2025 transaction-related expenses are primarily associated with the Druck, Panametrics and Reuter -Stokes acquisition. (b) 2024 transaction-related expenses are primarily associated with the Technifab acquisition and the divestiture of the Engineered Materials busi ness. Totals may not sum due to rounding
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NON-GAAP FINANCIAL MEASURES Non-GAAP Financial Measures (unaudited, in millions, except per share data) 18 Twelve Months Ended December 31, 2025 2024 % Change $ Per Share $ Per Share (on $) Net sales (GAAP) $ 2,305.0 $ 2,131.2 8.2 % Adjusted Operating Profit and Adjusted Operating Profit Margin Operating profit (GAAP) $ 424.2 $ 355.8 19.2 % Operating profit margin (GAAP) 18.4 % 16.7 % Special items impacting operating profit: Transaction related expenses (a)(b) 18.0 23.7 Repositioning related charges, net 5.0 3.5 Adjusted operating profit (Non-GAAP) $ 447.2 $ 383.0 16.8 % Adjusted operating profit margin (Non-GAAP) 19.4 % 18.0 % Adjusted Net Income and Adjusted Net Income per Share Net income from continuing operations attributable to common shareholders (GAAP) $ 331.7 $ 5.66 $ 268.2 $ 4.60 23.7 % Transaction related expenses (a)(b) 16.7 0.28 18.7 0.32 Repositioning related charges, net 5.0 0.09 3.5 0.06 Impact of pension non-service costs 5.0 0.09 — — Tax effect of the Non-GAAP adjustments (4.0) (0.07) (6.0) (0.10) Adjusted net income (Non-GAAP) $ 354.4 $ 6.05 $ 284.4 $ 4.88 24.6 % Adjusted EBITDA and Adjusted EBITDA Margin Net income from continuing operations attributable to common shareholders (GAAP) $ 331.7 $ 268.2 23.7 % Net income margin (GAAP) 14.4 % 12.6 % Adjustments to net income: Interest expense, net 0.1 21.7 Income tax expense 101.1 70.3 Depreciation 36.4 33.4 Amortization 13.8 17.6 Miscellaneous income, net (8.7) (4.4) Repositioning related charges, net 5.0 3.5 Transaction related expenses (a)(b) 16.3 16.4 Adjusted EBITDA (Non-GAAP) $ 495.7 $ 426.7 16.2 % Adjusted EBITDA Margin (Non-GAAP) 21.5 % 20.0 % (a) 2025 transaction-related expenses are primarily associated with the Druck, Panametrics and Reuter -Stokes acquisition. (b) 2024 transaction-related expenses are primarily associated with the Vian, CryoWorks, and Technifab acquisitions and the divestiture of the Eng ineered Materials business. Totals may not sum due to rounding
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NON-GAAP FINANCIAL MEASURES Non-GAAP Financial Measures by Segment (unaudited, in millions, except per share data) 19 Three Months Ended December 31, 2025 Aerospace & Electronics Process Flow Technologies Corporate Total Company Net sales $ 271.6 $ 309.4 $ — $ 581.0 Operating profit (GAAP) $ 62.3 $ 66.0 $ (26.5) $ 101.8 Operating profit margin (GAAP) 22.9 % 21.3 % 17.5 % Special items impacting operating profit: Transaction related expenses(a) — 0.2 6.1 6.3 Repositioning related charges, net 1.7 1.9 — 3.6 Adjusted operating profit (Non-GAAP) $ 64.0 $ 68.1 $ (20.4) $ 111.7 Adjusted operating profit margin (Non-GAAP) 23.6 % 22.0 % 19.2 % Three Months Ended December 31, 2024 Net sales $ 236.8 $ 307.3 $ — $ 544.1 Operating profit (GAAP) $ 53.1 $ 58.4 $ (25.3) $ 86.2 Operating profit margin (GAAP) 22.4 % 19.0 % 15.8 % Special items impacting operating profit: Transaction related expenses(b) 1.3 1.8 4.3 7.4 Repositioning related charges, net 0.3 2.3 0.2 2.8 Adjusted operating profit (Non-GAAP) $ 54.7 $ 62.5 $ (20.8) $ 96.4 Adjusted operating profit margin (Non-GAAP) 23.1 % 20.3 % 17.7 % (a)2025 transaction-related expenses are primarily associated with the PSI acquisition. (b)2024 transaction-related expenses are primarily associated with the Technifab acquisition and the divestiture of the Engineered Materials busi ness. Totals may not sum due to rounding
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NON-GAAP FINANCIAL MEASURES Non-GAAP Financial Measures by Segment (unaudited, in millions, except per share data) 20 Twelve Months Ended December 31, 2025 Aerospace & Advanced Technologies Process Flow Technologies Corporate Total Company Net sales $ 1,048.9 $ 1,256.1 $ — $ 2,305.0 Operating profit (GAAP) $ 262.5 $ 263.5 $ (101.8) $ 424.2 Operating profit margin (GAAP) 25.0 % 21.0 % 18.4 % Special items impacting operating profit: Transaction related expenses(a) — 3.2 14.8 18.0 Repositioning related charges, net 1.8 3.2 — 5.0 Adjusted operating profit (Non-GAAP) $ 264.3 $ 269.9 $ (87.0) $ 447.2 Adjusted operating profit margin (Non-GAAP) 25.2 % 21.5 % 19.4 % Twelve Months Ended December 31, 2024 Net sales $ 932.7 $ 1,198.5 $ — $ 2,131.2 Operating profit (GAAP) $ 209.0 $ 240.3 $ (93.5) $ 355.8 Operating profit margin (GAAP) 22.4 % 20.1 % 16.7 % Special items impacting operating profit: Transaction related expenses(b) 7.3 6.6 9.8 23.7 Repositioning related charges, net 0.3 3.0 0.2 3.5 Adjusted operating profit (Non-GAAP) $ 216.6 $ 249.9 $ (83.5) $ 383.0 Adjusted operating profit margin (Non-GAAP) 23.2 % 20.9 % 18.0 % (a)2025 transaction-related expenses are primarily associated with the Druck, Panametrics and Reuter -Stokes acquisition. (b)2024 transaction-related expenses are primarily associated with the Vian, CryoWorks, and Technifab acquisitions and the divestiture of the Eng ineered Materials business. Totals may not sum due to rounding
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NON-GAAP FINANCIAL MEASURES Adjusted Free Cash Flow (unaudited, in millions) 21 Three Months Ended December 31, Twelve Months Ended December 31, Cash Flow Items 2025 2024 2025 2024 Cash provided by operating activities from continuing operations $ 205.8 $ 202.0 $ 394.8 $ 257.8 Less: Capital expenditures (9.8) (13.8) (53.5) (36.6) Free cash flow $ 196.0 $ 188.2 $ 341.3 $ 221.2 Adjustments: Transaction-related expenses 7.4 3.9 16.1 11.4 Proceeds from insurance recoveries for damaged property, plant and equipment 5.1 1.0 5.1 1.0 Adjusted free cash flow from continuing operations $ 208.5 $ 193.1 $ 362.5 $ 233.6 Free cash flow from Engineered Materials — 6.5 — 11.8 Adjusted free cash flow $ 208.5 $ 199.6 $ 362.5 $ 245.4
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NON-GAAP FINANCIAL MEASURES 2025 Historical Results Reconciliation (unaudited, in millions, except per share data) 22 Q1 Q2 Q3 Q4 Adjusted Operating Profit and Adjusted Operating Margin Operating Profit (GAAP) $101.1 $102.9 $118.4 $101.8 Operating Profit Margin (GAAP) 18.1% 17.8% 20.1% 17.5% Special items impacting operating profit: Transaction related expenses 2.2 4.6 3.3 6.2 Repositioning related charges, net 0.1 1.3 - 3.6 Acquisition amortization of intangibles 3.7 3.6 3.4 3.1 Adjusted Operating Profit (Non-GAAP) $107.1 $112.4 $125.1 $114.7 Adjusted Operating Profit Margin (Non-GAAP) 19.2% 19.5% 21.2% 19.7% Q1 Q2 Q3 Q4 Adjusted Net Income and Adjusted Net Income per Share Net income from continuing operations attributable to common shareholders (GAAP) $78.3 $80.3 $91.4 $81.7 Transaction related expenses 2.3 4.6 3.3 4.8 Repositioning related charges, net 0.1 1.3 - 3.6 Impact of pension non-service costs 1.2 1.2 1.4 1.2 Acquisition amortization of intangibles 3.7 3.6 3.4 3.1 Tax effect of the Non-GAAP adjustments (1.1) (1.2) (0.8) (1.7) Adjusted Net income (Non-GAAP) $84.5 $89.8 $98.7 $92.7 Adjusted earnings Per share from continuing operations $1.44 $1.54 $1.68 $1.58
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NON-GAAP FINANCIAL MEASURES 2025 Segment Reconciliation (unaudited, in millions, except per share data) 23 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Adjusted Operating Profit and Adjusted Operating Margin Operating Profit (GAAP) $64.6 $67.9 $67.7 $62.3 $62.8 $63.9 $70.8 $66.0 Operating Profit Margin (GAAP) 26.0% 26.3% 25.1% 22.9% 20.3% 20.0% 22.2% 21.3% Special items impacting operating profit: Transaction related expenses - - - - 0.8 0.3 0.3 0.1 Repositioning related charges, net - 0.1 - 1.7 0.1 1.2 - 1.9 Acquisition amortization of intangibles 0.6 0.6 0.6 0.6 3.1 3.0 2.8 2.5 Adjusted Operating Profit (Non-GAAP) $65.2 $68.6 $68.3 $64.6 $66.8 $68.4 $73.9 $70.5 Adjusted Operating Profit Margin (Non-GAAP) 26.2% 26.6% 25.3% 23.8% 21.6% 21.4% 23.2% 22.8% Aerospace & Advanced Technologies Process Flow Technologies
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