Recent Updates — CR
Crane Company reported third-quarter adjusted earnings per share of $2.05, a 23% increase from the prior year, driven by strong performance in its Aerospace & Advanced Technologies and Process Flow Technologies segments. Total sales reached $754.6 million, up 28.1%, with core growth of 7.7%. The company raised and narrowed its full-year adjusted EPS guidance to a range of $7.23-$7.38 from the previous outlook of $6.85-$7.05. Additionally, Crane declared a regular quarterly dividend of $0.255 per share for the fourth quarter, payable on December 9, 2026. The company operates as a manufacturer of highly engineered components and technologies for mission-critical applications in aerospace, defense, and process industries.
Crane Co announced a definitive agreement to acquire the U.S. pump business from Trillium Flow Technologies for approximately $240 million, representing roughly 14.6x estimated 2026 adjusted EBITDA. The acquired entity generated about $115 million in full-year revenue and includes brands such as Floway, Wemco, Roto-Jet, and WSP, which serve municipal water and wastewater markets. This transaction aims to strengthen Crane's Process Flow Technologies segment by adding highly engineered pump technologies and recurring aftermarket demand from a large installed base. The deal is expected to close in the fourth quarter of 2026, pending customary conditions including regulatory approvals. Crane Co operates as a leading manufacturer of highly engineered components for aerospace, defense, space, and process industry end markets.
Crane Company reported second quarter 2026 results with total sales of $724.7 million, a 25.6% increase year-over-year, driven by 5.2% core growth and acquisitions. Earnings per diluted share from continuing operations reached $1.63, up 19%, while adjusted EPS hit a record $1.79. The company raised its full-year adjusted EPS guidance to $6.85-$7.05 from $6.65-$6.85. Additionally, Crane declared a regular quarterly dividend of $0.255 per share, payable on September 9, 2026, to shareholders of record as of August 31, 2026. Crane Company is a leading manufacturer of highly engineered components for mission-critical applications in the aerospace, defense, space, and process industry end markets.