CR · Crane Company

Crane Company delivered a strong start to 2026, with first quarter results exceeding management expectations primarily due to the outstanding execution of recent acquisitions. Adjusted diluted EPS from continuing operations reached a record $1.65, representing 15% growth year-over-year, while GAAP EPS was $1.14. The performance was driven by a 24.9% increase in total sales to $696.4 million. This top-line growth was largely fueled by an 18.3% contribution from the acquisitions of Druck, Panametrics, Reuter-Stokes, and optek-Danulat, complemented by 3.8% core sales growth and a 2.7% foreign exchange benefit. Adjusted operating profit rose 28.7% to $137.8 million, with adjusted operating margin expanding 60 basis points to 19.8%. Segment performance was robust, with Aerospace & Advanced Technologies posting 27.9% sales growth and Process Flow Technologies achieving 22.5% sales growth. Management highlighted that legacy businesses also performed well, contributing nearly 4% core sales growth. Reflecting this outperformance and confidence in the business's resilience against a uncertain macroeconomic backdrop, Crane raised its full-year adjusted EPS guidance to a range of $6.65–$6.85 from the prior $6.55–$6.75. The Company also declared a regular quarterly dividend of $0.255 per share. Cash flow usage in the quarter was typical for seasonality and acquisition-related outflows, with adjusted free cash flow at negative $23.5 million.