Crane Beats Q2 Estimates, Raises 2026 EPS Outlook to $6.85-$7.05
CR sits 42% above its 52-week low of $159.58.
Summary
Crane delivered record Q2 results, with adjusted EPS of $1.79 beating expectations on 25.6% sales growth. Core sales rose 5.2%, and all four recent acquisitions are performing ahead of plan. Aerospace & Advanced Technologies led with 31.3% growth, while Process Flow Technologies remained stable. Operating profit jumped 40.2% to $144.3 million, and margins expanded. Management raised full-year adjusted EPS guidance to $6.85-$7.05, reflecting confidence in continued momentum. The balance sheet strengthened with $107.7 million in free cash flow and a $90 million debt repayment after quarter-end.
At the time of this announcement, CR was trading at $226.34 on NYSE in the Manufacturing sector, with a market capitalization of approximately $13.1B. The 52-week trading range was $159.58 to $230.50. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.