Quarterly ResultApr 30, 2026, 03:58 PM
CR Q1 Net Sales +24.9% to $696.4M; Completes $1.36B Acquisitions
AI Summary
Crane Co. reported Q1 2026 net sales of $696.4 million, a 24.9% increase year-over-year, while net income from continuing operations decreased by 14.3% to $67.1 million, or $1.14 per diluted share. The company completed two significant acquisitions on January 1, 2026, totaling approximately $1.36 billion, including Druck, Panametrics, and Reuter-Stokes, which contributed $97.1 million in sales but an operating loss of $4.8 million in the quarter. The prior year's net income included a $28.8 million gain from discontinued operations.
Key Highlights
- Completed $1.18B acquisition of Druck, Panametrics, Reuter-Stokes on Jan 1, 2026.
- Completed $176.2M acquisition of optical measurement solutions provider.
- Q1 2026 Net Sales rose 24.9% to $696.4M from $557.6M YoY.
- Q1 2026 Net Income from continuing operations fell 14.3% to $67.1M.
- Q1 2026 Diluted EPS from continuing operations was $1.14, down 14.9% YoY.
- Q1 2026 Dividends per share increased 10.9% to $0.255.
- Aerospace & Advanced Technologies sales grew 27.9% to $318.3M.
- Process Flow Technologies sales increased 22.5% to $378.1M.