Quarterly ResultApr 27, 2026, 04:39 PM
CR Q1 Adj. EPS $1.65, Up 15%; Raises FY26 EPS Guidance; Declares Dividend
AI Summary
Crane Co. reported a strong start to 2026 with record first-quarter adjusted EPS of $1.65, a 15% increase year-over-year, primarily driven by outperformance from recent acquisitions and solid operating fundamentals. Total sales grew 24.9% to $696.4 million, including 3.8% core sales growth. Reflecting this performance and business resilience, the company raised its full-year 2026 adjusted EPS outlook to a range of $6.65-$6.85 from $6.55-$6.75. Additionally, Crane declared a regular quarterly dividend of $0.255 per share for the second quarter of 2026.
Key Highlights
- Q1 2026 adjusted EPS from continuing operations was a record $1.65, up 15% YoY.
- Full-year 2026 adjusted EPS outlook raised to $6.65-$6.85 (from $6.55-$6.75).
- Total sales increased 24.9% to $696.4 million, with 3.8% core sales growth.
- Aerospace & Advanced Technologies sales rose 27.9% to $318.3 million, with 9.4% core growth.
- Process Flow Technologies sales increased 22.5% to $378.1 million.
- Declared a Q2 2026 regular dividend of $0.255 per share.
- Total company core backlog was up 9.1% year-over-year.