Crane Co

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.

Crane Co. announced the completion of its previously disclosed CEO succession plan, effective April 27, 2026. Alex Alcala has assumed the role of President and Chief Executive Officer, succeeding Max Mitchell, who transitioned to Executive Chairman. Mr. Alcala was also appointed to the Board of Directors and the Executive Committee. Both executives expressed confidence in the seamless transition and the company's future under Alcala's leadership.

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.