Crane Co reported second-quarter 2026 results with revenue rising to $724.7M and diluted EPS of $1.63, driven by acquisitions and mid-single-digit core growth that together lifted year-over-year performance.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$724.7M$577.2M25.6% | Net income²$95.9M$86.4M11% | Diluted EPS³$1.63$1.4710.9% |
¹ Reported as “Net sales”. ² Reported as “Net income attributable to common shareholders”. ³ Reported as “Earnings per diluted share”.
Business Highlights
- Revenue growth of about 25% YoY in Q2 and year-to-date was driven primarily by four acquisitions plus mid-single-digit organic growth.
- Acquisition momentum included integration of Druck, Panametrics, Reuter‑Stokes and Optek (acquired Jan. 1, 2026) into the Aerospace and Process Flow segments.
- Aerospace saw strong OEM and military demand; Process Flow benefited from valves and measurement acquisitions despite softer chemical markets.
- Productivity improvements, cost savings and tariff refunds materially supported operating profit and margins.
- Bookings and backlog climbed notably, in part reflecting acquisition-related orders and supporting near-term revenue visibility.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.