Crane Co Reports Record Q1 Adjusted EPS, Raises Full-Year Guidance
Summary
Crane Co announced record first-quarter adjusted EPS of $1.65, a 15% increase year-over-year, and raised its full-year adjusted EPS guidance to $6.65-$6.85.
Key Events
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Record Q1 Adjusted EPS
Adjusted EPS from continuing operations reached a record $1.65, marking a 15% increase compared to the prior year, primarily driven by recent acquisitions performing above expectations.
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Full-Year EPS Guidance Raised
The company raised its full-year adjusted EPS outlook to a range of $6.65-$6.85, up from the previous guidance of $6.55-$6.75, representing approximately 12% growth at the midpoint versus 2025.
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Strong Sales Growth
First quarter sales increased 24.9% year-over-year, with 3.8% core sales growth and an 18.3% contribution from recent acquisitions.
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Robust Backlog Growth
Total company core backlog was up 9.1% year-over-year, with Aerospace & Advanced Technologies core backlog increasing 14% and Process Flow Technologies core orders up 5%.
Analysis
Crane Co delivered a strong first quarter, reporting record adjusted EPS and raising its full-year adjusted EPS outlook. The outperformance was primarily driven by outstanding execution and significant contributions from recent acquisitions. This positive update reinforces the company's robust operational momentum and provides a more optimistic financial trajectory for the year, building on the positive outlook provided in the last 10-K.
At the time of this filing, CR was trading at $194.00 on NYSE in the Manufacturing sector, with a market capitalization of approximately $10.6B. The 52-week trading range was $146.80 to $214.31. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.