CR
CraneADocument history
Earnings documents stored for CR.
Investor releaseQuarter not tagged2026-07-30CR Q2 Deep Dive: Acquisitions and Aerospace Momentum Drive Results Amid Market Caution
StockStory
CR Q2 Deep Dive: Acquisitions and Aerospace Momentum Drive Results Amid Market Caution
Industrial conglomerate Crane (NYSE:CR) reported Q2 CY2026 results topping the market’s revenue expectations , with sales up 25.6% year on year to $724.7 million. Its non-GAAP profit of $1.79 per share was 7.4% above analysts’ consensus estimates. Is now the time to buy CR? Find out in our full research report (it’s free). Revenue: $724.7 million vs analyst estimates of $708.5 million (25.6% year-on-year growth, 2.3% beat) Adjusted EPS: $1.79 vs analyst estimates of $1.67 (7.4% beat) Adjusted EBITDA: $165.6 million vs analyst estimates of $159.1 million (22.9% margin, 4.1% beat) Management raised its full-year Adjusted EPS guidance to $6.95 at the midpoint, a 3% increase Operating Margin: 19.9%, up from 17.8% in the same quarter last year Organic Revenue rose 5.2% year on year (beat) Market Capitalization: $13.07 billion Crane’s second quarter saw revenue and non-GAAP profit exceed Wall Street expectations, but the market responded negatively, reflecting concerns beyond headline numbers. Management attributed the strong quarter to robust execution in both Aerospace and Advanced Technologies and Process Flow Technologies, with notable contributions from recent acquisitions. CEO Alex Alcala pointed to record backlog and strong core margin expansion, emphasizing broad-based demand, especially in commercial aerospace and defense. Alcala noted, “We delivered record second quarter results that reflected strong execution across the company and continued momentum across our portfolio.” Despite these operational highlights, market reaction suggests investor skepticism about the sustainability of this performance. Looking ahead, Crane’s updated guidance reflects management’s confidence in continued operational momentum and increased earnings contributions from recent acquisitions. Alcala stated that integration of Panametrics, Druck, Reuter-Stokes, and optek is running ahead of schedule and driving faster-than-expected synergies. The company expects Aerospace and Advanced Technologies to sustain core sales growth above its long-term range, supported by new program wins and a strong defense and commercial pipeline. However, CFO Richard Maue cautioned that normal seasonality could lead to a softer fourth quarter, and acknowledged ongoing inflationary pressures in freight and supply chain costs. Management remains focused on leveraging its platform for additional acquisi…Read full documentShow less
Industrial conglomerate Crane (NYSE:CR) reported Q2 CY2026 results topping the market’s revenue expectations , with sales up 25.6% year on year to $724.7 million. Its non-GAAP profit of $1.79 per share was 7.4% above analysts’ consensus estimates. Is now the time to buy CR? Find out in our full research report (it’s free). Revenue: $724.7 million vs analyst estimates of $708.5 million (25.6% year-on-year growth, 2.3% beat) Adjusted EPS: $1.79 vs analyst estimates of $1.67 (7.4% beat) Adjusted EBITDA: $165.6 million vs analyst estimates of $159.1 million (22.9% margin, 4.1% beat) Management raised its full-year Adjusted EPS guidance to $6.95 at the midpoint, a 3% increase Operating Margin: 19.9%, up from 17.8% in the same quarter last year Organic Revenue rose 5.2% year on year (beat) Market Capitalization: $13.07 billion Crane’s second quarter saw revenue and non-GAAP profit exceed Wall Street expectations, but the market responded negatively, reflecting concerns beyond headline numbers. Management attributed the strong quarter to robust execution in both Aerospace and Advanced Technologies and Process Flow Technologies, with notable contributions from recent acquisitions. CEO Alex Alcala pointed to record backlog and strong core margin expansion, emphasizing broad-based demand, especially in commercial aerospace and defense. Alcala noted, “We delivered record second quarter results that reflected strong execution across the company and continued momentum across our portfolio.” Despite these operational highlights, market reaction suggests investor skepticism about the sustainability of this performance. Looking ahead, Crane’s updated guidance reflects management’s confidence in continued operational momentum and increased earnings contributions from recent acquisitions. Alcala stated that integration of Panametrics, Druck, Reuter-Stokes, and optek is running ahead of schedule and driving faster-than-expected synergies. The company expects Aerospace and Advanced Technologies to sustain core sales growth above its long-term range, supported by new program wins and a strong defense and commercial pipeline. However, CFO Richard Maue cautioned that normal seasonality could lead to a softer fourth quarter, and acknowledged ongoing inflationary pressures in freight and supply chain costs. Management remains focused on leveraging its platform for additional acquisitions and maintaining disciplined capital deployment. Management attributed outperformance this quarter to operational leverage, robust aerospace and defense demand, and faster-than-expected acquisition synergy realization, while noting positive signs in chemical and industrial end markets. Aerospace and defense demand: Broad-based growth in both commercial and military segments drove performance, with Crane winning new contracts such as the GE RISE program and securing content on advanced radar and vehicle electrification projects. Management highlighted increasing RFQs (requests for quotations) and strong aftermarket activity as key contributors. Acquisition integration and upside: The Panametrics, Druck, Reuter-Stokes, and optek acquisitions outperformed initial expectations, with integration activities progressing ahead of plan and contributing higher-than-anticipated earnings. Management now expects acquisitions to add $0.20 per share for the year, up from prior estimates. Process Flow Technologies momentum: Although organic growth in Process Flow Technologies was slightly negative, management saw sequential backlog growth and identified "green shoots" in chemical production, especially in the Americas. CEO Alcala expects volume and pricing improvements to drive positive growth in the second half. Margin expansion through execution: Operating leverage and disciplined cost management led to record adjusted operating margins. Management credited proactive responses to inflation in freight and materials and the ability to pass along favorable pricing. Capital allocation and M&A focus: The company repaid debt and maintains net leverage at 1.2x, positioning itself for further acquisitions. Management emphasized ongoing evaluation of M&A opportunities that fit Crane’s criteria for technology, margin, and growth accretion, with a strong pipeline but uncertain timing. Crane’s full-year outlook is underpinned by sustained aerospace and defense demand, accelerating acquisition synergies, and anticipated recovery in key process industries. Aerospace and defense visibility: Management expects continued strength in both commercial and military aerospace, supported by a record backlog and new program wins. Alcala noted increasing content opportunities in missile programs, forecasting demand that could quadruple by decade’s end. The company’s diversified aftermarket and OE (original equipment) business is expected to provide resilience regardless of mix. Process Flow Technologies rebound: Management anticipates both volume and pricing gains in the second half, with "green shoots" in chemical and industrial markets. Alcala expects PFT to return to positive organic growth and deliver operating leverage above the segment’s historical range as these markets recover. Acquisition-driven earnings growth: The recent acquisitions are expected to contribute faster-than-modeled margin and revenue improvements, with synergy realization and cross-segment product opportunities ahead of schedule. Management sees upside from new product development and regional growth initiatives tied to these acquired businesses, although inflation and market volatility remain risks. In the coming quarters, we will closely monitor (1) continued backlog growth and new contract wins in the aerospace and defense business, (2) signs of recovery in chemical and industrial end markets supporting Process Flow Technologies, and (3) progress on acquisition integration and synergy realization. Execution on M&A strategy and further margin expansion will also serve as key indicators of Crane’s ability to sustain its current growth trajectory. Crane currently trades at $211.41, down from $226.34 just before the earnings. Is there an opportunity in the stock? The answer lies in our full research report (it’s free for active Edge members). ALSO WORTH WATCHING: Top 5 Momentum Stocks. The best time to own a great stock is when the market is finally noticing it. These aren’t just high-quality businesses. Something is happening with them right now. Elite fundamentals meet near-term momentum — both boxes checked at the same time. Find out which stocks our AI platform is flagging this week. See this week’s Strong Momentum stocks — FREE. Get Our Strong Momentum Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,552% between June 2020 and June 2025). Find your next big winner with StockStory today.
Investor releaseQuarter not tagged2026-07-29Crane Co (CR) Q2 2026 Earnings Call Highlights: Record Sales Growth and Raised EPS Guidance
GuruFocus.com
Crane Co (CR) Q2 2026 Earnings Call Highlights: Record Sales Growth and Raised EPS Guidance
This article first appeared on GuruFocus. Total Sales Growth: Up 26% year-over-year, with 5% core growth. Adjusted Operating Profit: Increased 37% due to higher core sales and acquisitions. Adjusted Operating Margin: Expanded 180 basis points to 21.3%. Backlog: Total backlog increased 5% sequentially; Aerospace and Advanced Technologies backlog at nearly $1.3 billion, up 11% year-over-year. Aerospace and Advanced Technologies Sales: $339 million, up 31% with 13.3% core sales growth. Process Flow Technologies Sales: $386 million, up 21% with core sales down 1.4%. Debt Repayment: $100 million repaid in the quarter, with an additional $90 million repaid subsequently. Adjusted EPS Guidance: Raised by $0.20 to a range of $6.85 to $7.05 per share. Net Leverage: Pro forma net leverage at about 1.2 times. Corporate Expense: $19 million for the quarter, with full-year forecast of $80 million to $85 million. Tax Rate: Estimated at approximately 23% for 2026. Warning! GuruFocus has detected 7 Warning Sign with CR. Is CR fairly valued? Test your thesis with our free DCF calculator. Release Date: July 29, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Crane Co (NYSE:CR) delivered record second-quarter results with a 5% core sales growth and strong operating leverage. The Aerospace and Advanced Technologies segment achieved 13% core sales growth, driven by strength in both commercial aerospace and defense markets. Total backlog increased 5% sequentially, providing visibility and confidence for the second half of the year. Recent acquisitions are contributing positively, with expectations to add approximately $0.20 per share to full-year earnings. Crane Co (NYSE:CR) raised its full-year adjusted EPS outlook by $0.20 at the midpoint, reflecting strong first-half performance and confidence in future growth. Process Flow Technologies experienced a 1.4% decline in core sales, although acquisitions added growth. The adjusted segment margin for Aerospace and Advanced Technologies was slightly down due to the expected dilutive impact from the Druck acquisition. Core FX-neutral backlog at Process Flow Technologies decreased 2% compared to the prior year. The company faces temporary dilution from recent acquisitions, impacting short-term margins. Organic growth in Process Flow Technologies was negative, with expectations fo…Read full documentShow less
This article first appeared on GuruFocus. Total Sales Growth: Up 26% year-over-year, with 5% core growth. Adjusted Operating Profit: Increased 37% due to higher core sales and acquisitions. Adjusted Operating Margin: Expanded 180 basis points to 21.3%. Backlog: Total backlog increased 5% sequentially; Aerospace and Advanced Technologies backlog at nearly $1.3 billion, up 11% year-over-year. Aerospace and Advanced Technologies Sales: $339 million, up 31% with 13.3% core sales growth. Process Flow Technologies Sales: $386 million, up 21% with core sales down 1.4%. Debt Repayment: $100 million repaid in the quarter, with an additional $90 million repaid subsequently. Adjusted EPS Guidance: Raised by $0.20 to a range of $6.85 to $7.05 per share. Net Leverage: Pro forma net leverage at about 1.2 times. Corporate Expense: $19 million for the quarter, with full-year forecast of $80 million to $85 million. Tax Rate: Estimated at approximately 23% for 2026. Warning! GuruFocus has detected 7 Warning Sign with CR. Is CR fairly valued? Test your thesis with our free DCF calculator. Release Date: July 29, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Crane Co (NYSE:CR) delivered record second-quarter results with a 5% core sales growth and strong operating leverage. The Aerospace and Advanced Technologies segment achieved 13% core sales growth, driven by strength in both commercial aerospace and defense markets. Total backlog increased 5% sequentially, providing visibility and confidence for the second half of the year. Recent acquisitions are contributing positively, with expectations to add approximately $0.20 per share to full-year earnings. Crane Co (NYSE:CR) raised its full-year adjusted EPS outlook by $0.20 at the midpoint, reflecting strong first-half performance and confidence in future growth. Process Flow Technologies experienced a 1.4% decline in core sales, although acquisitions added growth. The adjusted segment margin for Aerospace and Advanced Technologies was slightly down due to the expected dilutive impact from the Druck acquisition. Core FX-neutral backlog at Process Flow Technologies decreased 2% compared to the prior year. The company faces temporary dilution from recent acquisitions, impacting short-term margins. Organic growth in Process Flow Technologies was negative, with expectations for improvement in the second half. Q: Can you provide insights into the growth trends for Process Flow Technologies (PFT) and expectations for the second half of the year? A: Alejandro Alcala, President and CEO, stated that they are optimistic about PFT in the second half, expecting positive growth year-over-year. They observed strengthening orders and increased quote activity, particularly in chemical production in the Americas. Alcala anticipates PFT to turn positive in growth, driven by strong demand in industrial, power generation, water, wastewater, and cryogenics sectors. Q: Could you elaborate on the M&A pipeline and any potential deals similar to PSI? A: Alejandro Alcala mentioned that their M&A focus is on deals that are accretive to growth, margins, and technology. The pipeline is strong in both Aerospace and Advanced Technologies (AAT) and PFT. While timing is unpredictable, they have the capacity and alignment to execute capital deployment effectively, though nothing imminent was disclosed. Q: How is Crane positioned to benefit from missile rearmament and militarization trends? A: Alcala highlighted that Crane has about $35 million in content across over 10 missile programs, with expectations to expand four to five times by the end of the decade. They are well-positioned with no capacity constraints and are receiving incremental quotes for potential content wins. Q: What is the outlook for the commercial aftermarket cycle in Aerospace and Advanced Technologies? A: Richard Maue, CFO, indicated that demand remains solid, with commercial aftermarket revenue expected to be consistent at $55 million to $60 million per quarter. They anticipate mid-single to upper mid-single-digit growth in the commercial aftermarket, which is incorporated into their updated guidance. Q: Can you discuss the impact of recent acquisitions on Crane's financial performance and ROI expectations? A: Alcala expressed confidence in achieving a 10% ROI faster than the initially projected five years. The acquisitions are ahead of schedule, with significant growth and productivity opportunities. They expect to exceed their growth and margin improvement targets, indicating strong performance and integration. For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Investor releaseQuarter not tagged2026-07-29Crane Company Q2 2026 Earnings Call Summary
Moby
Crane Company Q2 2026 Earnings Call Summary
Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Record second-quarter performance was driven by 5% core sales growth and exceptional operational execution, resulting in a record 21.3% adjusted operating margin. Aerospace and Advanced Technologies (AAT) saw 13% core growth fueled by broad-based demand across commercial and military markets, with record backlog reaching nearly $1.3 billion. Process Flow Technologies (PFT) achieved its second consecutive quarter of sequential core backlog growth, signaling a recovery in industrial and chemical end markets. Management attributes margin expansion to favorable pricing, strong productivity, and disciplined cost management, which more than offset temporary dilution from recent acquisitions. The integration of four recent acquisitions (Panametrics, Druck, Reuter-Stokes, and optek) is progressing ahead of plan, with synergies being realized faster than initially anticipated. Strategic portfolio shifts toward high-growth markets like cryogenics, space launch, and nuclear energy are providing a solid foundation for sustained market share gains. The company maintains significant strategic flexibility with a strong balance sheet, positioning it to continue an active M&A strategy focused on highly engineered technologies. Full-year adjusted EPS guidance was raised by $0.20 at the midpoint to a range of $6.85 to $7.05, reflecting increased confidence in both core and acquired business performance. AAT core sales growth is now expected to land slightly above the high end of the long-term 7% to 9% range for the full year. PFT is expected to return to positive year-over-year growth in the second half of 2026, supported by strengthening order trends and green shoots in the Americas chemical sector. Management expects the recent acquisitions to contribute approximately $0.20 per share to full-year earnings, up from the prior expectation of $0.15 per share. Third-quarter results are expected to be similar to the second quarter, with the fourth quarter projected to be modestly lower due to normal historical seasonality. Adjusted results exclude a one-time benefit from tariff recoveries recorded during the quarter; no material incremental amounts are expected for the remainder of the year. The company successfully managed inflat…Read full documentShow less
Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Record second-quarter performance was driven by 5% core sales growth and exceptional operational execution, resulting in a record 21.3% adjusted operating margin. Aerospace and Advanced Technologies (AAT) saw 13% core growth fueled by broad-based demand across commercial and military markets, with record backlog reaching nearly $1.3 billion. Process Flow Technologies (PFT) achieved its second consecutive quarter of sequential core backlog growth, signaling a recovery in industrial and chemical end markets. Management attributes margin expansion to favorable pricing, strong productivity, and disciplined cost management, which more than offset temporary dilution from recent acquisitions. The integration of four recent acquisitions (Panametrics, Druck, Reuter-Stokes, and optek) is progressing ahead of plan, with synergies being realized faster than initially anticipated. Strategic portfolio shifts toward high-growth markets like cryogenics, space launch, and nuclear energy are providing a solid foundation for sustained market share gains. The company maintains significant strategic flexibility with a strong balance sheet, positioning it to continue an active M&A strategy focused on highly engineered technologies. Full-year adjusted EPS guidance was raised by $0.20 at the midpoint to a range of $6.85 to $7.05, reflecting increased confidence in both core and acquired business performance. AAT core sales growth is now expected to land slightly above the high end of the long-term 7% to 9% range for the full year. PFT is expected to return to positive year-over-year growth in the second half of 2026, supported by strengthening order trends and green shoots in the Americas chemical sector. Management expects the recent acquisitions to contribute approximately $0.20 per share to full-year earnings, up from the prior expectation of $0.15 per share. Third-quarter results are expected to be similar to the second quarter, with the fourth quarter projected to be modestly lower due to normal historical seasonality. Adjusted results exclude a one-time benefit from tariff recoveries recorded during the quarter; no material incremental amounts are expected for the remainder of the year. The company successfully managed inflation headwinds related to freight and Middle East conflicts by proactively adjusting pricing and cost structures. Pro forma net leverage stands at 1.2 times following $190 million in debt repayments, providing ample capacity for future capital deployment. Management noted that while timing for M&A is unpredictable, the pipeline for high-quality targets in both segments has never been stronger. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management confirmed that PFT orders strengthened throughout the quarter, particularly in chemical production in the Americas. Confidence in a positive second-half growth turn is supported by increased quote activity and strong demand in water, wastewater, and cryogenics. Crane currently has approximately $35 million in content across over 10 missile programs, with RFQ activity suggesting potential expansion of 4 to 5 times that rate by the end of the decade. The company faces no capacity constraints to meet this accelerating demand and is receiving incremental quotes for new content wins beyond existing platforms. The company is ahead of its five-year ROI schedule by approximately 1.5 years due to better-than-expected growth and productivity. Acquisition margins are expected to improve by 350 basis points or higher this year, exceeding the original 300-basis-point target. Commercial aftermarket demand remains solid, with management projecting a mid-single-digit to upper-mid-single-digit growth profile moving forward. Management emphasized that Crane earns strong margins on Original Equipment (OE) sales, making the business somewhat agnostic to the mix between OE and aftermarket volumes.
Investor releaseQuarter not tagged2026-07-29Crane Q2 Earnings Call Highlights
MarketBeat
Crane Q2 Earnings Call Highlights
Interested in Crane? Here are five stocks we like better. Record Q2 performance: Crane reported 26% sales growth, 37% adjusted operating-profit growth and a record 21.3% adjusted operating margin. The company raised its 2026 adjusted earnings outlook to $6.85–$7.05 per share. Aerospace momentum remains strong: Aerospace & Advanced Technologies delivered 13.3% core sales growth, while backlog reached nearly $1.3 billion. Management also sees significant long-term expansion potential from defense and missile-program demand. Acquisitions and balance sheet support growth: January acquisitions are outperforming expectations, lifting their projected 2026 earnings contribution to about $0.20 per share. Crane reduced leverage to roughly 1.2 times net debt and said acquisitions remain its top capital-allocation priority. Circle’s IBM Patent Deal Could Redraw the Stablecoin Infrastructure Race Crane (NYSE:CR) reported record second-quarter results for 2026, citing core sales growth, margin expansion, rising backlog and stronger-than-expected contributions from its January acquisitions. The company raised its full-year adjusted earnings outlook to $6.85 to $7.05 per share, an increase of $0.20 at the midpoint. President and CEO Alex Alcala said the quarter reflected “strong execution across the company and continued momentum across our portfolio.” Total sales increased 26% from a year earlier, including 5% core growth, while adjusted operating profit rose 37%, according to Executive Vice President and CFO Rich Maue. → This Tiny AI Supplier Could Be More Important Than the Chipmakers 3 Unique AI Software Plays With Strong Analyst Support Total company adjusted operating margin expanded 180 basis points to a record 21.3%. Maue said the improvement reflected higher core sales, acquisitions, productivity initiatives and favorable pricing net of inflation. The company said its adjusted results excluded a benefit from IEEPA tariff recoveries during the quarter, which it characterized as one-time recoveries not expected to materially recur during the remainder of the year. Crane’s Aerospace & Advanced Technologies segment generated $339 million in second-quarter sales, up 31% from the prior year. Core sales rose 13.3%, led by broad-based commercial aerospace and defense demand. → Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There? MarketBeat Week in…Read full documentShow less
Interested in Crane? Here are five stocks we like better. Record Q2 performance: Crane reported 26% sales growth, 37% adjusted operating-profit growth and a record 21.3% adjusted operating margin. The company raised its 2026 adjusted earnings outlook to $6.85–$7.05 per share. Aerospace momentum remains strong: Aerospace & Advanced Technologies delivered 13.3% core sales growth, while backlog reached nearly $1.3 billion. Management also sees significant long-term expansion potential from defense and missile-program demand. Acquisitions and balance sheet support growth: January acquisitions are outperforming expectations, lifting their projected 2026 earnings contribution to about $0.20 per share. Crane reduced leverage to roughly 1.2 times net debt and said acquisitions remain its top capital-allocation priority. Circle’s IBM Patent Deal Could Redraw the Stablecoin Infrastructure Race Crane (NYSE:CR) reported record second-quarter results for 2026, citing core sales growth, margin expansion, rising backlog and stronger-than-expected contributions from its January acquisitions. The company raised its full-year adjusted earnings outlook to $6.85 to $7.05 per share, an increase of $0.20 at the midpoint. President and CEO Alex Alcala said the quarter reflected “strong execution across the company and continued momentum across our portfolio.” Total sales increased 26% from a year earlier, including 5% core growth, while adjusted operating profit rose 37%, according to Executive Vice President and CFO Rich Maue. → This Tiny AI Supplier Could Be More Important Than the Chipmakers 3 Unique AI Software Plays With Strong Analyst Support Total company adjusted operating margin expanded 180 basis points to a record 21.3%. Maue said the improvement reflected higher core sales, acquisitions, productivity initiatives and favorable pricing net of inflation. The company said its adjusted results excluded a benefit from IEEPA tariff recoveries during the quarter, which it characterized as one-time recoveries not expected to materially recur during the remainder of the year. Crane’s Aerospace & Advanced Technologies segment generated $339 million in second-quarter sales, up 31% from the prior year. Core sales rose 13.3%, led by broad-based commercial aerospace and defense demand. → Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There? MarketBeat Week in Review – 07/06 - 07/10 The segment’s backlog reached nearly $1.3 billion, rising 11% on a core basis from a year earlier and 7% sequentially. Including the Druck acquisition, backlog increased 20% year over year. Alcala said Crane saw strength across commercial and military aerospace, including new program wins. During the quarter, the company was selected to supply components for GE’s RISE program and announced it would provide a brake control system for the Otto Aerospace Phantom 3500 business jet. → Innovative ETF Strategies That Are Paying Off This Summer Crane also cited growing defense-related demand. Alcala said the company has about $35 million of current content across more than 10 missile programs, including systems related to THAAD, Patriot and Tomahawk. Customer requests for quotations and forecasts indicate demand that could expand fourfold or fivefold by the end of the decade, he said. For the full year, Crane now expects Aerospace & Advanced Technologies core sales growth to finish slightly above its long-term range of 7% to 9%. Segment adjusted operating margin was 25.8%, compared with 26.6% a year earlier, as the acquired Druck business had a dilutive effect on margins. Maue said the segment would have been roughly 100 basis points more profitable in the quarter without the acquisition’s impact. Process Flow Technologies recorded sales of $386 million, up 21% from the prior-year period. Core sales declined 1.4%, while the Panametrics, Reuter-Stokes and optek acquisitions added nearly 22 percentage points of growth. Foreign exchange added 0.8 percentage points. Although core foreign-exchange-neutral backlog was down 2% from a year earlier, it increased 2% sequentially. Core orders were approximately flat year over year. The segment posted adjusted operating margin of 22.2%, up about 80 basis points from the prior-year quarter despite acquisition-related dilution. Management said demand and orders strengthened during the quarter, supporting expectations for year-over-year core growth to turn positive in the second half. Alcala pointed to improving quote activity and signs of recovery in chemical production, particularly in the Americas, alongside continued demand in industrial power generation, water and wastewater, cryogenics and nuclear-related markets. Crane secured cryogenic projects from SpaceX and Blue Origin during the quarter. The company also said it continues to support nuclear-facility restarts, including Constellation Energy’s Crane Clean Energy Center, while pursuing future opportunities in pressurized-water reactors and small modular reactors through Reuter-Stokes. The company maintained its full-year Process Flow Technologies outlook for core growth ranging from flat to low single digits. Maue said both volume and price are expected to contribute to second-half growth, and management expects strong operating leverage as volumes improve. Crane said the four businesses acquired in January—Panametrics, Druck, Reuter-Stokes and optek—are performing ahead of plan. Management said integrations are progressing faster than expected, synergies are arriving sooner and additional growth and margin opportunities have been identified. As a result, Crane increased its expectation for the acquisitions’ full-year earnings contribution to about $0.20 per share, up from approximately $0.15 per share previously. Maue said the company originally expected the acquired portfolio to grow 4% to 6% and improve margins by 200 basis points in 2026, later increasing the margin expectation to 300 basis points. He now expects growth to exceed the original range and margin improvement to reach roughly 350 basis points or more for the year. Crane repaid $100 million of debt during the quarter and another $90 million after quarter-end, reducing pro forma net leverage to about 1.2 times. The company said its target leverage range is 2 times to 3 times and that acquisitions remain its primary capital-allocation priority. Alcala said Crane’s pipeline of potential deals has “never been stronger” across both Aerospace & Advanced Technologies and Process Flow Technologies, though he said there was nothing imminent to announce. The company is seeking highly engineered, mission-critical technologies that can strengthen its franchises, expand exposure to attractive markets and support long-term margin expansion. For the second half, Crane expects third-quarter results to be similar to the second quarter, followed by a modestly lower fourth quarter due to normal seasonality. The company continues to forecast 2026 corporate expense of $80 million to $85 million, net non-operating expense of about $58 million and a tax rate of approximately 23%. Crane Co, headquartered in Stamford, Connecticut, is a diversified manufacturer of engineered industrial products serving customers around the world. The company operates through two primary segments: Aerospace & Electronics and Engineered Materials. Its Aerospace & Electronics division designs and produces valves, fittings, manifolds, and filtration systems for aircraft fuel, hydraulics, and environmental control systems. The Engineered Materials segment focuses on advanced polymers, heat exchangers, and specialized composite solutions for industries including chemical processing, semiconductor manufacturing, and power generation. With roots dating back to its founding in 1855 in Chicago by R.T. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Crane Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.
Investor releaseQuarter not tagged2026-07-29How Crane’s Strong Q2 2026 Earnings and Mixed First Half At Crane (CR) Has Changed Its Investment Story
Simply Wall St.
How Crane’s Strong Q2 2026 Earnings and Mixed First Half At Crane (CR) Has Changed Its Investment Story
Crane Company has reported its second-quarter 2026 results, with sales and revenue rising to US$724.7 million and net income increasing to US$95.9 million, while diluted earnings per share from continuing operations reached US$1.63. Despite higher second-quarter profit, net income for the first half of 2026 was US$163.0 million, lower than the prior year’s US$193.5 million, highlighting a contrast between recent momentum and earlier-period performance. With this strong second-quarter earnings performance, particularly the uplift in sales and earnings per share, we’ll assess how it reshapes Crane’s investment narrative. Uncover the next big thing with 20 elite penny stocks that balance risk and reward. To own Crane today, you need to believe it can translate its specialty industrial portfolio and acquisitions into consistent earnings, despite cyclical end markets and integration risks. The strong second quarter, with higher sales and EPS from continuing operations, supports the near term catalyst around acquisition driven growth and margin execution. However, the softer first half net income keeps the spotlight on Crane’s exposure to project delays and capex cuts, especially in process industries, as a key risk. Recent guidance reaffirmations for 2026, calling for low to mid 20% total sales growth supported by acquisitions and mid single digit core sales growth, line up closely with this latest earnings release. The second quarter’s revenue of US$724.7 million and higher EPS from continuing operations sit broadly within that framework, but also raise fresh questions about how much of Crane’s momentum is acquisition led versus underlying demand strength in areas like Aerospace & Electronics and Process Flow Technologies. Yet behind this improving quarterly picture, investors should still weigh the risk that prolonged weakness in European chemicals and delayed customer CapEx could... Read the full narrative on Crane (it's free!) Crane's narrative projects $3.3 billion revenue and $534.8 million earnings by 2029. Uncover how Crane's forecasts yield a $224.78 fair value, in line with its current price. Some of the lowest analysts were already modeling about US$3.2 billion of revenue and US$486.8 million of earnings by 2029, which paints a far more cautious picture than the base case, and your view on today’s stronger quarter versus risks like automation driven co…Read full documentShow less
Crane Company has reported its second-quarter 2026 results, with sales and revenue rising to US$724.7 million and net income increasing to US$95.9 million, while diluted earnings per share from continuing operations reached US$1.63. Despite higher second-quarter profit, net income for the first half of 2026 was US$163.0 million, lower than the prior year’s US$193.5 million, highlighting a contrast between recent momentum and earlier-period performance. With this strong second-quarter earnings performance, particularly the uplift in sales and earnings per share, we’ll assess how it reshapes Crane’s investment narrative. Uncover the next big thing with 20 elite penny stocks that balance risk and reward. To own Crane today, you need to believe it can translate its specialty industrial portfolio and acquisitions into consistent earnings, despite cyclical end markets and integration risks. The strong second quarter, with higher sales and EPS from continuing operations, supports the near term catalyst around acquisition driven growth and margin execution. However, the softer first half net income keeps the spotlight on Crane’s exposure to project delays and capex cuts, especially in process industries, as a key risk. Recent guidance reaffirmations for 2026, calling for low to mid 20% total sales growth supported by acquisitions and mid single digit core sales growth, line up closely with this latest earnings release. The second quarter’s revenue of US$724.7 million and higher EPS from continuing operations sit broadly within that framework, but also raise fresh questions about how much of Crane’s momentum is acquisition led versus underlying demand strength in areas like Aerospace & Electronics and Process Flow Technologies. Yet behind this improving quarterly picture, investors should still weigh the risk that prolonged weakness in European chemicals and delayed customer CapEx could... Read the full narrative on Crane (it's free!) Crane's narrative projects $3.3 billion revenue and $534.8 million earnings by 2029. Uncover how Crane's forecasts yield a $224.78 fair value, in line with its current price. Some of the lowest analysts were already modeling about US$3.2 billion of revenue and US$486.8 million of earnings by 2029, which paints a far more cautious picture than the base case, and your view on today’s stronger quarter versus risks like automation driven competition will shape whether you see that pessimism as justified or due for revision. Explore 4 other fair value estimates on Crane - why the stock might be worth as much as 8% more than the current price! Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts. A great starting point for your Crane research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision. Our free Crane research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Crane's overall financial health at a glance. The market won't wait. These fast-moving stocks are hot now. Grab the list before they run: Find 49 companies with promising cash flow potential yet trading below their fair value. The future of work is here. Discover the 34 top robotics and automation stocks leading the charge in AI-driven automation and industrial transformation. AI is about to change healthcare. These 40 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include CR. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]
TranscriptFY2026 Q22026-07-29FY2026 Q2 earnings call transcript
Earnings source - 130 paragraphs
FY2026 Q2 earnings call transcript
Welcome to the Crane Company second quarter 2026 earnings conference call. At this time, all participants have been placed on a listen-only mode, and the floor will be open for your questions following the presentation. If you would like to ask a question at that time, please press star one on your telephone keypad. If at any point your question has been answered, you may remove yourself from the queue by pressing star two. Others can hear your questions clearly, we ask that you pick up your handset for best sound quality. Lastly, if you should need operator assistance, please press star zero. I would now like to turn the call over to Allison Poliniak, Vice President of Investor Relations.
Thank you, Tasha. Good day everyone. Welcome to our second quarter 2026 earnings release conference call. I'm Allison Poliniak, Vice President of Investor Relations. On our call this morning, we have Alex Alcala, President and Chief Executive Officer, and Rich Maue, our Executive Vice President and Chief Financial Officer, along with Jason Feldman, Senior Vice President, Treasury and Tax, who's on for Q&A. We will start off our call with a few prepared remarks from Alex and Rich, after which we will respond to your questions. Just a reminder, the comments that we make on this call will include some forward-looking statements.
We refer you to the cautionary language at the bottom of our earnings release and also in our annual report, 10-K, and subsequent filings pertaining to forward-looking statements. Also during the call, we will be using some non-GAAP numbers which are reconciled to the comparable GAAP numbers in tables at the end of our press release and accompany slide presentation. Those of which are available on our website at www.craneco.com in the investor relations section. Now, let me turn the call over to Alex.
Thank you, Allison. Good morning everyone. We delivered record second quarter results that reflected strong execution across the company and continued momentum across our portfolio. That excellent performance included solid 5% core sales growth, strong operating leverage, and the continued benefits of our recent acquisitions. Momentum continues to build across the company. Total backlog increased 5% sequentially during the quarter, with core sequential backlog growth across both segments, providing further visibility and confidence as we move into the second half of the year. Aerospace & Advanced Technologies led the way, delivering 13% core sales growth driven by broad-based strength across both commercial aerospace and defense markets.
Backlog also increased to a record of nearly $1.3 billion, with core year-over-year backlog growth of 11%. At Process Flow Technologies, we delivered a second consecutive quarter of sequential core backlog growth, providing increased visibility and supporting our confidence in a strong second half. Execution remains excellent, with another quarter of adjusted operating margin expansion despite the temporary dilution from our January acquisitions. Combined with positive and improving demand trends, this momentum positions us well for the second half and also as we head into 2027.
Overall, operational execution was exceptional. Total company adjusted operating margin expanded 180 basis points to a record 21.3%, driven by strong core margins in both segments impacted by favorable pricing, strong productivity, and disciplined cost management. These results demonstrate our ability to convert growth into meaningful earnings expansion while continuing to invest in the long-term opportunities across the portfolio. The performance of our acquisitions has been outstanding. Integration activities continue to progress ahead of plan.
Operational performance has exceeded our expectations, and we are realizing synergies faster than anticipated, while also identifying new opportunities for growth and margin improvement. With six months now behind us, I am incredibly pleased with all aspects of the four acquired businesses. All our associates at Panametrics, Druck, Reuter-Stokes, and optek, together with our dedicated integration teams, are leveraging these businesses' incredible technology, combined with the process and disciplined cadence of the Crane Business System to achieve results well ahead of plan to date. My thanks to the team for driving it every day. It is clear that our vision for these businesses of becoming some of our best and most profitable businesses in Crane is materializing well ahead of schedule.
As a result, we now expect our recent acquisitions to contribute approximately $0.20 per share to full year earnings, up from our prior expectation of approximately $0.15 per share. Another clear example of our ability to leverage the Crane Business System and our incredible culture and talent to drive tremendous shareholder value through accelerated inorganic growth. This is incredibly exciting for Crane. Given our strong first half performance, record backlog levels, and continued confidence in both our core and acquired businesses, we are raising our full year adjusted EPS outlook by $0.20 at the midpoint to a range of $6.85-$7.05 per share.
Our updated guidance reflects expectations for core growth near the high end of our long-term framework, continued strong operational execution, and increasing contributions from our recent acquisitions as we build on the momentum established during the first half of the year. Turning to Aerospace & Advanced Technologies, we just returned from the Farnborough Airshow in the U.K. Our outstanding AAT team, including our newest associates from Druck, had another very successful show, meeting with key customers and suppliers and solidifying alignment on a number of key growth initiatives. From a market perspective, things could not be stronger with a combined broad-based demand across both our commercial and military customer base.
Our teams continue to gain share among new and exciting customers. For example, in the quarter, we were selected to supply crucial components for the GE RISE program. Just last week, we announced that we will be supplying an innovative brake control system for the Otto Aerospace Phantom 3500 business jet, a solution that leverages Crane's highly modular and adaptable standard system architecture, which enables rapid and low-risk development. Clear examples of our capabilities and our ability to win share on new and growing applications.
Our Defense Power business, which many of you visited during our investor meeting in Fort Walton Beach last year, continues to build momentum. We are seeing accelerating demand in our power solutions for our AESA radar platforms, while also expanding our position in emerging vehicle electrification programs. In addition to the XM30 demonstrator win that we previously discussed, we secured additional power content on another hybrid electric combat ground vehicle program during the quarter. Overall, we continue to see strength across the aerospace and defense demand environment. The backlog we've built, along with the new programs and opportunities our Aerospace & Advanced Technologies teams have secured, continue to provide us with great visibility well beyond 2026.
Looking to the balance of the year, we now expect full-year wholesale growth for the segment to land just above the high end of our long-term 7%-9% range. Very confident for yet another outstanding year at Aerospace & Advanced Technologies. Process Flow Technologies delivered another strong quarter and we remain confident in our ability to consistently outperform the markets we serve over the long term. Over the past several years, as you know, we have strategically shifted the portfolio towards attractive end markets that align well with our differentiated technologies, strong customer relationships, and leading competitive positions, providing a solid foundation for sustained growth and market share gains.
Overall demand for the quarter was in line with our expectations. Execution was strong, driving an 80 basis points improvement in adjusted margins. Again, even with the dilutive impact of the acquisitions. Momentum in cryogenics remains strong, driven by capacity needs within the Space launch segment. We secured projects for both SpaceX and Blue Origin in the quarter. We continue to win in this market based on our differentiated engineering support and manufacturing services.
In nuclear, we continue to support restarts of existing facilities such as Constellation Energy's Crane Clean Energy Center. We remain well-positioned for future growth given our positioning for Westinghouse AP1000 builds in our core business and for Reuter-Stokes, given their strong positioning in the nuclear space. For the full year, we expect core growth to be consistent with our initial guidance of flat to up to low single digits, leveraging within our targeted range of 30%-35%. Driving margin expansion despite market headwinds. In summary, we delivered a very strong first half. We continue to build momentum across the portfolio.
Our businesses are performing well. Our end markets remain attractive. We are exceptionally well-positioned to continue generating strong results and drive further long-term shareholder value. That strong position also provides us with significant strategic flexibility. As we look ahead, acquisitions remain an important lever to further enhance our growth and earnings profile. We remain active in evaluating opportunities and are encouraged by both the quality and breadth of activity across our pipeline. While timing and competitive dynamics are always difficult to predict, we believe we are well-positioned to deploy capital in a disciplined and value-created manner.
Our focus on M&A remains consistent, adding highly-engineered, mission-critical technologies that strengthen our existing franchises, increase our exposure to attractive end markets, and support long-term margin expansion. We continue to see strong opportunities across both Aerospace & Advanced Technologies and Process Flow Technologies. Now, let me turn the call over to our CFO, Mr. Rich Maue, for more specifics on the quarter.
Thank you, Alex. Another outstanding quarter for Crane. Let me start off with total company results. Total sales were up 26% in the quarter compared to last year, with 5% core growth driven primarily by the ongoing strength within the Aerospace & Advanced Technologies segment. Sales from our four acquisitions contributed 20% of the growth in the quarter, which was above expectations. Adjusted operating profit increased 37%, reflecting the impact of the higher core sales, contribution from the acquisitions, productivity, and favorable pricing net of inflation. Another outstanding result. Total core FX neutral backlog was up 7% compared to the second quarter of last year and up 5% sequentially, primarily reflecting continued strength at Aerospace & Advanced Technologies, though backlog was up sequentially again at Process Flow Technologies.
Core orders increased 2% year-over-year, with Aerospace & Advanced Technologies up 5%, and Process Flow Technologies approximately flat. Orders and backlog across the acquisitions were also solid and continuing to support a stronger full year outlook. We repaid $100 million of debt in the quarter and another $90 million subsequent to the quarter, resulting in pro forma net leverage today at about 1.2x, a very strong balance sheet that positions us well for further M&A. Before discussing segment performance, I wanted to highlight that our adjusted results, both adjusted EPS and adjusted margins, exclude a benefit from IEEPA tariff recoveries recorded during the quarter. We believe it is important to isolate these one-time recoveries from the true underlying operating trends in the business, and we do not expect any material incremental amounts for the balance of the year.
A few more details on the segments in the quarter. Starting with Aerospace & Advanced Technologies, sales of $339 million increased 31% in the quarter, with core sales up 13.3%. Our record backlog of nearly $1.3 billion increased 11% on a core basis and increased 20% including Druck. On a sequential basis, core backlog increased 7%. Once again, as reinforced at the air show last week, demand remains very strong across our highly diverse portfolio. In addition to the wins that Alex just talked about, we continue to respond to increasing RFPs and RFQs across several defense programs supporting missile defense and for military orders, foreign military orders for the F-16 brake control upgrade program continue to grow. Again, continued momentum giving us high confidence in our multi-year outlook.
Let me spend a minute on the core business in the quarter. On the OE side, sales remained strong with both commercial and military up double digits, driven by the ramp at our commercial customers, as well as ongoing strength within the defense market. Total Aftermarket was up 8% in the quarter, with growth similar across both commercial and military customers. Taken all together, we remain very confident in our full year segment sales outlook and expect full year core sales growth slightly ahead of our 7%-9% algorithm. Adjusted segment margin was excellent and above expectations at 25.8%, compared to 26.6% last year, down slightly reflecting the expected dilutive impact from the Druck acquisition. This was an outstanding result given Druck's outperformance in the quarter, as well as continued strong performance in our core A&E business.
Moving to Process Flow Technologies. In Q2, we delivered sales of $386 million, up 21% compared to a year ago, with core sales down 1.4% with the acquisitions of Panametrics, Reuter-Stokes, and optek adding nearly 22 points of growth, and foreign exchange contributed 0.8% points of growth in the quarter. Compared to the prior year, core FX neutral backlog at PFT decreased 2%, but on a sequential basis improved 2%, and core FX neutral orders were approximately flat, consistent with our expectations. Adjusted operating margin of 22.2% was approximately 80 basis points above last year, and this was inclusive of the dilutive impact from the recent acquisitions.
Like Aerospace & Advanced Technologies, results were above our expectations, given better performance across both our core businesses and each acquired business. Productivity continues to read through as well as price net cost. In summary, an excellent quarter. Moving to the non-operational items below the segments. Corporate expense for the quarter was $19 million as expected. For 2026, we continue to forecast corporate expense to be in a range of $80 million-$85 million. Net non-operating expense for the quarter was $17 million, and we continue to estimate full year 2026 net non-operating expense of approximately $58 million. Lastly, we continue to estimate our tax rate for 2026 to approximately 23%.
Taking all of this into account, our performance to date, as well as risks and opportunities we see ahead, and as Alex mentioned, we are raising our adjusted full year guidance by $0.20 to a range of $6.85-$7.05. Looking at the cadence for the second half, we expect Q3 to be similar to Q2, with Q4 modestly lower, reflecting normal historical seasonality. Overall, an outstanding first half and momentum continues to build. With that strong performance, for anyone considering investing in Crane or those looking to potentially invest more in Crane, I am reminding you of the wisdom imparted by the award-winning actor, Matthew Broderick, playing the fan favorite, Ferris Bueller, in the movie Ferris Bueller's Day Off. Life moves pretty fast. If you don't stop and look around once in a while, you could miss it. With that, operator, we are now ready to take our first question.
The floor is now open for questions. At this time, if you have a question or comment, please press star one on your telephone keypad. If at any point your question is answered, you may remove yourself from the queue by pressing star two. Again, we ask that you pick up your handset when posing your question to provide optimal sound quality. Thank you. Our first question is coming from Amit Mehrotra. Please go ahead. Your line is now open.
Thanks. Good morning, gentlemen. Appreciate the question. Maybe I just wanted to start on Process Flow. Any notable observations in growth trends as you sort of progress through the quarter? I understand organic growth was negative. Obviously, organic orders were a little bit negative, but maybe any thoughts on any evolution on that rate as you progress through the quarter and just any expectations around organic growth or core growth for the back half of the year as well. Thank you.
Yeah, sure, Amit. We're feeling very positive about PFT in the second half. I think when we went into the year, we expected the first half to be the softest and we are pleased to see two quarters of sequential backlog improvement and sales improvement. As we progress through the quarter, we saw orders strengthening and I'll speak more about it. The demand trends are very positive in position as well for a second half. It could have very well been a positive outcome based on the trends that we've seen from a year-over-year basis. We saw quote activity starting to increase and many areas of strength, including in the chemical production, which is a bit of a new green shoot, where we're starting to see customers talk about and report volume growth, in particular in the Americas, so all signs are quite positive in the second half.
I expect PFT to turn positive growth on a year-over-year in the second half. Very confident about that with those trends. In addition to chemical in the Americas starting to show some positive signs, we continue to see industrial demand be very strong, building backlog in our businesses that drive industrial power gen in the United States, natural gas combined cycle plants. We continue to build backlog in that area, water, wastewater, cryogenics. All those trends make me very positive about PFT in the second half.
Great. Got it. That's helpful. Just as a quick follow-up, I noticed kind of your stronger comments on the M&A pipeline. It does seem across diversified industrials that there has been a recent uptick in activity. Maybe just give a little bit more color there on kind of if there have been shifts in sort of getting closer to the finish line on stuff, and are you still seeing opportunities sort of like PSI that I know PSI was really kind of three deals in one, so to speak, but would be curious to see if you're seeing deals where you can both kind of see accretion on the technology stack as well as sort of meaningful opportunity for margin expansion. If you can just talk about that, I'd appreciate it.
Yeah. I think as a general guideline, our focus on any deal that we make and what investors would expect is that any deal that we make is because we think it's accretive to the growth profile, will become accretive to the margin, will strengthen our portfolio from a technology standpoint, and also will meet the financial hurdles. That is the base expectation of any deal you'll see us. We are seeing our funnels get stronger with deals with those characteristics in both AAT and PFT. In fact, they've never been stronger. Well, activity is solid. Like I mentioned in my comments, the timing's a bit unpredictable, but we have the debt capacity, we have the management capacity, and I think we're well-aligned to execute on capital deployment and continuing with that momentum. Nothing imminent-
Got it.
...to talk about right now, but feel optimistic about it.
Okay, wonderful. Thank you for taking the questions. Appreciate it.
Thank you. We'll take our next question from Matt Summerville with D.A. Davidson. Please go ahead. Your line is now open.
Thanks. Two questions, both on AAT. Can you help me or help us think about how best to frame the opportunity you could see ahead with all of this missile rearmament and incremental militarization around THAAD, Patriot, Tomahawk, etc.? Kind of discuss your exposures and how you think about that opportunity as part of your go forward kind of organic potential. I have a follow-up.
Yeah. Thanks, Matt. On missile demand, we see about $35 million of content today. We're on over 10 programs, including those that you mentioned. We're seeing strong demand today increasing, but we're also seeing from our customers RFQ activity and forecast that would expand four or five times that rate going to the end of the decade. We are in pretty good position. A lot of our electronic power, mod power, microwave content. We don't have any capacity constraints to supply that demand, so pretty good upside for us in that area.
Yeah. Just to add to that a little bit, because of the capacity that Alex mentioned, we're actually getting incremental quotes for potential content wins from others, so not just growth from existing platforms. Another opportunity, I would say, beyond market for us.
Understood. Maybe if you guys could speak to how you're presently thinking about the durability of Commercial Aftermarket cycle and overall demand therein. Seems like maybe you were expecting a little bit of maybe geopolitical induced demand destruction, but that doesn't seem to be coming to fruition. How would you kind of recalibrate how you're viewing that business today? Thank you.
Yeah, Matt, I would say, just overall, demand remains solid, right? If you step back and you look at our Aftermarket positioning, think of us as $55 million-$60 million in revenue a quarter Commercial Aftermarket. that's incremental, as you know, we have military, but on the commercial side. That's the way to think about our consistent level of demand through the balance of this year. We would Commercial Aftermarket to continue in the mid-single to upper mid-single rate as you look further out. That's our current view. Overall, for this year, solid, consistent demand levels and that's incorporated in our updated guidance.
Thank you.
Thank you. We'll take our next question from Scott Deuschle with Deutsche Bank. Please go ahead. Your line is now open.
Hi, Scott.
Hi, good morning. Rich-
Morning
...can you just update us more broadly on how you're thinking about growth by end market within AAT for the year?
Yeah, sure. Look, we're seeing good momentum across all areas. As you know, our portfolio is quite broad. Commercial Aftermarket, Mil OE, Mil Aftermarket. As we were looking at our guide of 7-9 and us now raising that a bit, it is more widespread, so it's not necessarily more in any of those individual categories. We're seeing it more broadly. Build rates from the Commercial OEs consistent with what we thought, but performing slightly better. On the Aftermarket on both sides, just given the overall activity, continues to be pretty solid.
Okay. Does the second half guide for PFT contemplate volume growth as well as price, or is it just price driven?
No, we're going to see both. We're going to show volume growth in the third quarter, fourth quarter, and the full second half as well.
Okay. If they're both positive, should we see mid-single-digit type PFT organic growth in the second half?
I think for the full year, you can do the math, but we're still expecting to be flat to low-single-digits so that has some implications here in the second half. We are going to go positive on a year-over-year.
Okay. I guess, just is 3%-5% long-term core growth for PFT still the right framework? If so, what needs to change in the operating environment to get back there? Are you already seeing the change that you need to see to get to that 3%-5%?
If you go back in history, the 3%-5% is still a good number. If you go back in history, during the last cycles and downturns, right? Like 2014, 2015, before we repositioned the portfolio. During these cycles, we would be down 7%-8% on the top line. We've been going through this trough, in particular in the chemical markets. You can see that we outperformed 4% or 5% last year. We're closer to one flat. The portfolio has changed significantly where during the cycle, we don't see that hard dip so we feel good about that 3%-5%. It will only get stronger as we do acquisitions and continue to invest organically in our higher growth markets. I think that's a solid number to keep thinking about.
Thank you.
Thank you. We'll take our next question from Nathan Jones with Stifel. Please go ahead. Your line is open.
Hi, Nathan.
Morning, everyone.
Morning.
I guess my first question is for Rich. The question isn't what are we going to do? The question is, what aren't we going to do? I'm trying to get myself a Crane coffee mug.
You'll get one, Nathan. Just reattempt because you know us so well.
Real question. You talked about flat to low single digit growth in PFT for the full year, which implies probably low single digit growth in the second half, and still talked about 35% incremental margins. You did have a step up in margins second half last year, around 23% for the second half of last year in PFT. Should we expect that kind of low single digit leverage coming from that level, which would imply kind of 100 basis points step up in PFT margins in the second half versus the first half or am I thinking about it wrong?
Yeah. Look, what I would say, Nathan, is we are going to see continued strong operating leverage in the second half. We had an outstanding performance in the first half across all of PFT. If you just do straight math, almost incalculable, right? Just excellent performance in driving margins notwithstanding the top line headwinds. And then when we do see the volumes come through in the second half, I would expect us to leverage north of our stated leverage rate for the segment. It'll be a very strong performance in the second half.
Okay. I guess my follow-up question is around the acquisitions that you've made here. You were pretty positive on the fourth quarter call just after you'd closed it, positive on the first quarter call, positive again here on the second quarter call. I'm just thinking about this from a longer-term basis. I think when you bought the PSI business, sorry, at least, it was kind of a five-year timeframe to get to 10% ROI. With what you've learned so far about these businesses, it's kind of we can get to 10% ROI faster than five years. We can end up with a higher ROI in five years. How should we be thinking about that these days?
Yeah, Nathan, we're definitely going to get there faster. If you remember, we were talking about going from $58 million of EBITDA to close to $150 million by year five. We're ahead of schedule, maybe a year and a half on what we expected. We're seeing just upside opportunities on the growth side, which we didn't bake into our model going in on the productivity cost out.
Just in all aspects, the teams are doing an outstanding job. We will be there earlier than originally thought. If you remember, when we went into the year, we thought we would grow 4%-6%, improve 200 basis points, then we revised that to 300 basis points. Now I'm thinking we're going to be over on the growth side of our guide over the 4%-6%. It's going to be above that, it's going to be more than the 300 basis points of improvement, maybe 350 basis points or higher this year so that gives you a sense of the pace of improvement. We have good momentum going into next year as well to continue to drive improvement actions.
Great. Thanks for taking the question.
Thanks.
Thank you. We'll take our next question from Dan DiCicco with BMO Capital Markets. Please go ahead. Your line is open.
Hey, Dan.
Great. Thank you. Hello. Thank you for taking my question. Just maybe building off that last question, could we talk about some of those potential commercial opportunities or growth areas that are potentially exciting with that acquisition?
Yeah, for sure. For starters, I think I mentioned in prior calls, one of the part of our playbook is to quickly refresh the strategic plan and drive strategy deployment. There's a number of new NPDs that are self-funded that will be launched in the years ahead, starting next year, that we think will accelerate. I think we've identified various regional commercial opportunities where we have opportunity to drive share in the different businesses. Then on the Druck Aerospace side, there's a lot of synergies between our A&E business and Druck on growth of new programs. We're starting to see opportunities to gain share there as well. All these things will become upside to original thinking.
Great. Just one more. I think you highlighted just share gains and some recent wins in AAT. Maybe just if you could touch on, what do you think is enabling that for the business, or what are you doing on the commercial front that's allowing that to happen? Thank you.
Yeah. I think something that we've done well over the last decade, and that Max was very adamant about, was to continue to invest through the cycles. We continue to invest in engineering through COVID, through the ups and downs, through the slow demand. We have this advantage on speed, scalable, modular, that allows us to move fast on these demonstrators accurately at a reasonable cost. We're on every demonstrator for the U.S. Air Force. We're on the new CCAs opportunities. We're gaining share on the private jets and vehicle electrification, radar. I think that's been the major key, just that continued investment through the cycles that have put us in this good position to win.
Great. Thank you so much.
Thank you. We'll take our next question from Myles Walton with Wolfe Research. Please go ahead. Your line is open.
Hi, Myles.
Rich, can you size the dilution in the two segments from the deals since January?
From a margin perspective overall, you're referring to or?
Yeah.
Yeah. I'll speak to the quarter just to give you a sense, right?
Yep.
We would be probably close to 100 basis points, or we were in Q2, close to 100 basis points better in Aerospace & Advanced Technologies. If you looked at PFT, we'd be closer to, I think we disclosed on the call 80 basis points with the dilutive impact. It would be closer to 160 excluding. The degree of performance on the underlying business is exceptional, is what I would say. I would also say that we expected further dilution coming from the deals. They are performing better. Each of the acquisitions are performing better, and our core underlying business is performing better. In the first quarter, I think the numbers are similar. I don't have them in front of me, but I would say that they're similar in the first quarter.
Within PFT-
I feel a little bit behind what we did in Q2, just given momentum with the deals.
Within PFT, the implied expansion from a bucket of price, cost, and mix, where should we think the most amount of that came from?
In terms of outperformance?
Core margin expansion year-over-year.
Yeah. Just continued strong productivity, cost, price, net cost, just solid. I would say that, as Alex pointed out, as we were moving through the quarter, from an orders perspective, getting stronger, and we also did a little bit better as we were moving through the quarter from a top-line point of view. A little bit of leverage on volume too.
Yeah. And then-
Very pleased with that performance. Just to add, we were smart in un`derstanding the inflation headwinds that would come from the current conflict in the Middle East, and the teams were able to quickly get ahead of that. Very pleased that we're able to drive margin expansion even with increased inflation that we're seeing in freight and other areas. I think very strong execution from the teams.
Okay. One last one, if I could. The extra nickel from the deals, was it mostly out of Druck and Aero or mostly out of PFT?
Yeah.
All three businesses.
Yeah.
All three businesses are outperforming.
Okay. Thank you. All right. Thank you.
Thank you.
Thank you. We'll take our next question from Justin Ages with CJS Securities. Please go ahead. Your line is open.
Hi. Morning, all.
Hi, Justin.
Morning.
You gave a bit more color on nuclear and was just wondering if you've seen any activity related to kind of expanding the capabilities, because one of the things you had mentioned in the past was now that they've been unshackled from their previous owner, you were looking into alternate revenue streams there.
Yeah. For Reuter-Stokes, we're seeing strong demand today from the restart license expansions and so forth. We are investing for the future in technologies that will get us more into pressurized water reactors. As you may recall, we have a very strong position in boiling water reactors, and there's opportunity to go beyond that. There's new product development and strategies to expand. That will play out in the years ahead. Reuter-Stokes was already investing pre-acquisition in SMRs, so they have a very strong position with one of the key leaders. There's a lot of good stuff going on that'll play out here in the future for them, but also seeing the strength of their demand today.
Justin, just to add. I think maybe part of your question is getting at the tie back to the Baker Hughes business and GE and the legacy. I would say yes, as well as looking beyond those relationships that were historically solidified. We're looking at other opportunities beyond that, right? Strategically expanding our footprint of opportunities to others. That is absolutely something that we're focused on. Aero derivatives is an end market, right, that I think we've been asked about, or it might have been yourself or others. That's a perfect example where there's opportunities beyond the legacy relationship in what we see is a pretty nice growth market.
That's very helpful. Thank you. Can you just refresh us on capital allocation priorities? You paid down debt after the quarter ended. What's your target leverage range now?
Yeah. We would target between 2x and 3x. Clearly, we're below that now. Our priority is M&A, number one, first and foremost. I would think about us as deploying our capital to M&A. I certainly will pay down debt as well as part of expanding our capacity, but sort of fungible when you think of it from that perspective. We'll buy back shares when we think it's the right time to buy back shares but right now it's all about M&A.
Great. Thank you.
Thank you. Once again, if you would like to ask a question, please press star one on your telephone keypad now. We'll take our next question from Jeff Sprague with Vertical Research. Please go ahead. Your line is open.
Hey, thanks. Good morning, everyone.
Good morning.
Morning.
Hey, a lot of good ground covered here. I just wonder if, just coming back to PFT, Alex or Rich, just thinking about maybe chemical finally beginning to turn after kind of a tough slog here. Just some color on kind of the margin ramifications of that, whether it's just kind of inherent mix in the business or the operating leverage that might come with that.
Jeff. Again, on chemical, I've been quite cautious to talk about improvement, but now we're starting to see something, like I mentioned, in particular in the Americas. You can see some of the chemical companies reporting on increased volume, which is what we were waiting to see to start feeling better. Our orders are starting to show as well. The margins are above average for PFT, so it'll be accretive, and you'll see improved leverage on PFT versus what we normally talk about, the 30%-35%. It'll be stronger as these markets recover. That's what I would say.
Great. And then maybe just on guidance, Rich, I was on maybe 10 minutes late, so perhaps you covered this. I did hear your comments about Aero Aftermarket growing mid-single digit kind of going forward. Did you formally change that in your guide? You had kind of proactively or preemptively haircut the guide last quarter on geopolitical risk. Is that now kind of reversed back to formally being in your guide that we're looking for up mid-single digit?
Jeff, I would say that our run rate or approximate range Commercial Aftermarket is in the $55 million-$60 million range, is the way to think about it as we move through the balance of the year. As we enter next year, we feel, to the point I made earlier, pretty good about a mid-single digit to upper mid-single digit growth profile for Commercial Aftermarket.
Great. Just on the kind of OE build, it looks like you're managing any sort of margin friction there quite well across the business. Does that perhaps change-
Yep.
...or is the volume even perhaps looking forward?
Yeah. Look, maybe what's different about Crane, I think you appreciate this, Jeff, we make good margins on OE, whether that's Military OE, Commercial OE, and that arbitrage between Aftermarket and Commercial isn't as significant for us as for others, which is, I think, a really good benefit for our investors, frankly, right? The diversified nature of the portfolio, we're sort of agnostic as to whether or not OE is up or Aftermarket is up and so forth. When you look at our 7%-9% guide and our 35%-40% leverage, we're going to be in that or better, frankly, but in that range no matter what. I think that's the way we think about it. To your point, we're seeing excellent OE growth here, and we're loving that.
You can see the margins.
You see the margins reading through. Yeah. I think we might have had a record performance in the segment this quarter.
Yep. We did know that. I'm glad to hear you reiterate the point. Thank you very much.
Thanks, Jeff. Yep.
Thank you. We'll take our next question, follow-up from Scott Deuschle with Deutsche Bank. Please go ahead, your line is open.
Hey, sorry for the ignorant question, is the recovery in the U.S. chemical market connected at all with the closure of the Strait of Hormuz, or is it reflecting a fundamental improvement in the market?
I would say it's demand-based. When we talk about our impact or investments in the Gulf, customers can invest even when there's no demand for increased chemical in the Gulf because of the advantage of feedstocks. That's one driver. In this case, there's a volume demand increase that the U.S. is seeing. I think the U.S. consumer in particular has been resilient, and you can see some of these chemical companies starting to see that benefit. I think I would call it independent of that, Scott.
Thank you.
This concludes the Q&A portion of today's call. I would now like to turn the floor over to Alex Alcala for closing remarks.
Thank you for joining us today and for your thoughtful questions. As you heard throughout the call, Crane delivered an outstanding second quarter marked by strong core growth, broad-based operational execution, record margins, and another quarter of record earnings. These results demonstrate the strength of our portfolio, the resilience of our business model, and the disciplined execution of our global teams. We remain focused on what has consistently differentiated Crane: innovation, customer focus, and the relentless application of the Crane Business System to drive growth, productivity, and value creation.
I'd like to thank our employees around the world for their commitment and outstanding execution, and thank our shareholders for their continued confidence and support. We are so excited about the opportunities ahead and remain well-positioned to deliver long-term value for our stakeholders. We appreciate your interest in Crane and look forward to updating you on our continued progress next quarter.
Thank you and have a great day.
Thank you. This concludes today's Crane Company second quarter 2026 earnings conference call. Please disconnect your line at this time and have a wonderful day.
Investor releaseQuarter not tagged2026-07-28Crane Company Reports Second Quarter 2026 Results and Raises Full Year Adjusted EPS Guidance
Business Wire
Crane Company Reports Second Quarter 2026 Results and Raises Full Year Adjusted EPS Guidance
Second Quarter 2026 Highlights Earnings per diluted share (EPS) from continuing operations of $1.63, up 19% compared to a year ago, and adjusted EPS from continuing operations a record $1.79, up 18%. Total sales of $724.7 million increased 25.6% compared to the prior year, including 5.2% core growth. Continued strong broad-based demand at Aerospace & Advanced Technologies (AAT) with 13.3% core sales growth together with record backlog of $1.27 billion, up 11% year-over-year on a core basis. Total company core backlog increased 5% sequentially, up 7% and 2% sequentially for AAT and Process Flow Technologies (PFT), respectively. Operating margin of 19.9%, up 210bps compared to a year ago, and record adjusted operating margin of 21.3%, up 180bps year-over-year. Acquisitions performing ahead of expectations, delivering stronger growth and margin expansion. Declaring third quarter 2026 regular dividend of $0.255 per share. Full Year Outlook Raising full year adjusted EPS outlook to a range of $6.85-$7.05 from $6.65-$6.85. STAMFORD, Conn., July 28, 2026--(BUSINESS WIRE)--Crane Company ("Crane," NYSE: CR) today announced its financial results for the second quarter of 2026 and raised its full year adjusted EPS outlook. Alex Alcala, Crane's President and Chief Executive Officer, stated: "We delivered record quarterly results which exceeded our expectations, reflecting strong execution across the company. Aerospace & Advanced Technologies generated better-than-expected growth, demand at Process Flow Technologies remained stable, and all four recent acquisitions are performing ahead of plan. Combined with 5% core sales growth and strong operating leverage across all businesses, these results underscore the quality of our portfolio and the effectiveness of our operating model. As we look ahead, we remain confident in our ability to continue to drive significant shareholder value by outgrowing our markets, driving further margin expansion, and deploying capital to acquire businesses that enhance our portfolio. Based on our strong performance and outlook for the remainder of the year, we are increasing our full year adjusted EPS guidance to a range of $6.85-$7.05." Second Quarter 2026 Results Second quarter 2026 GAAP EPS from continuing operations of $1.63 compared to $1.37 in the second quarter of 2025. Second quarter 2026 adjusted EPS from continuing operations of $1.7…Read full documentShow less
Second Quarter 2026 Highlights Earnings per diluted share (EPS) from continuing operations of $1.63, up 19% compared to a year ago, and adjusted EPS from continuing operations a record $1.79, up 18%. Total sales of $724.7 million increased 25.6% compared to the prior year, including 5.2% core growth. Continued strong broad-based demand at Aerospace & Advanced Technologies (AAT) with 13.3% core sales growth together with record backlog of $1.27 billion, up 11% year-over-year on a core basis. Total company core backlog increased 5% sequentially, up 7% and 2% sequentially for AAT and Process Flow Technologies (PFT), respectively. Operating margin of 19.9%, up 210bps compared to a year ago, and record adjusted operating margin of 21.3%, up 180bps year-over-year. Acquisitions performing ahead of expectations, delivering stronger growth and margin expansion. Declaring third quarter 2026 regular dividend of $0.255 per share. Full Year Outlook Raising full year adjusted EPS outlook to a range of $6.85-$7.05 from $6.65-$6.85. STAMFORD, Conn., July 28, 2026--(BUSINESS WIRE)--Crane Company ("Crane," NYSE: CR) today announced its financial results for the second quarter of 2026 and raised its full year adjusted EPS outlook. Alex Alcala, Crane's President and Chief Executive Officer, stated: "We delivered record quarterly results which exceeded our expectations, reflecting strong execution across the company. Aerospace & Advanced Technologies generated better-than-expected growth, demand at Process Flow Technologies remained stable, and all four recent acquisitions are performing ahead of plan. Combined with 5% core sales growth and strong operating leverage across all businesses, these results underscore the quality of our portfolio and the effectiveness of our operating model. As we look ahead, we remain confident in our ability to continue to drive significant shareholder value by outgrowing our markets, driving further margin expansion, and deploying capital to acquire businesses that enhance our portfolio. Based on our strong performance and outlook for the remainder of the year, we are increasing our full year adjusted EPS guidance to a range of $6.85-$7.05." Second Quarter 2026 Results Second quarter 2026 GAAP EPS from continuing operations of $1.63 compared to $1.37 in the second quarter of 2025. Second quarter 2026 adjusted EPS from continuing operations of $1.79 compared to $1.52 in the second quarter of 2025. Second quarter sales increased 25.6% year-over-year, with 5.2% core sales growth, a 19.8% contribution from acquisitions and a 0.6% benefit from foreign exchange. Operating profit of $144.3 million increased 40.2% compared to last year, reflecting strong operating performance across the business. Adjusted operating profit of $154.3 million increased 37.3%. Note that adjusted EPS and adjusted operating profit excludes all benefit from tariff recoveries. (Please see the attached non-GAAP Financial Measures tables.) Summary of Second Quarter 2026 Results Cash Flow, Financing Activities and Other Financial Metrics During the second quarter of 2026, cash generated from operating activities from continuing operations was $122.3 million, capital expenditures were $14.6 million, and free cash flow (cash provided by operating activities less capital expenditures) was $107.7 million. Adjusted free cash flow from continuing operations was $116.3 million. (Please see the attached non-GAAP Financial Measures tables.) As of June 30, 2026, the Company's cash balance was $350.4 million with total debt outstanding of $1,098.4 million. Subsequent to quarter-end, the company repaid an additional $90 million of debt. Second Quarter 2026 Segment Results All comparisons detailed in this section refer to operating results for the second quarter 2026 versus the second quarter 2025. Aerospace & Advanced Technologies Sales of $339.1 million increased 31.3% compared to the prior year, driven by 13.3% core sales growth, a 17.8% contribution from the acquisition of Druck, and a 0.2% benefit from favorable foreign exchange. Operating profit margin of 26.2% declined 10 basis points year-over-year, primarily reflecting favorable net price, higher volumes and tariff recoveries, offset by the expected dilution from Druck. Adjusted operating profit margin of 25.8% declined 80 basis points compared to a year ago, primarily reflecting favorable net price and higher volumes that were more than offset by the expected dilution from Druck. Process Flow Technologies Sales of $385.6 million increased 20.9% compared to the prior year primarily driven by a 21.5% contribution from the previously announced acquisitions of optek-Danulat, Panametrics, and Reuter-Stokes, and a 0.8% benefit from favorable foreign exchange offset by a 1.4% core sales decline. Operating profit margin of 21.2% expanded 120bps compared to the prior year reflecting strong productivity and tariff recoveries, partially offset by lower volumes and the expected dilution from the acquisitions. Adjusted operating profit margin was 22.2%, up 80 basis points compared to a year ago, reflecting strong productivity, partially offset by lower volumes and the expected dilution from the acquisitions. Raising 2026 Guidance We are raising our full year adjusted EPS outlook to $6.85-$7.05 from $6.65-$6.85. Key assumptions for our guidance: Total sales are now expected to grow in the mid-20% range, up from our prior guidance of low-to-mid-20%, driven by acquisitions and core sales growth of 5-6%, which is now expected to be at the high end of our prior 4-6% guidance range. Adjusted segment operating margin of 23.0%+, up from our prior view of ~23.0%. Corporate cost of approximately $80-$85 million. Net non-operating expense of approximately $58 million. Adjusted tax rate of approximately 23.0%. Diluted shares of ~59 million. Additional details of our outlook and guidance are included in the presentation that accompanies this earnings release available on our website at www.craneco.com in the "investors" section. Declaring Third Quarter Dividend Crane announced its regular quarterly dividend of $0.255 per share for the third quarter of 2026. The dividend is payable on September 9, 2026 to shareholders of record as of August 31, 2026. Additional Information References to changes in "core sales" or "core sales growth" in this report include the change in sales excluding the impact of foreign currency translation, as well as acquisitions and divestitures from the date of closing up to the first anniversary of such acquisitions or divestitures. References to changes in "core backlog" or "core backlog growth" in this report include the change in backlog excluding the impact of foreign currency translation, as well as acquisitions and divestitures from the date of closing up to the first anniversary of such acquisitions or divestitures. Conference Call Crane has scheduled a conference call to discuss the second quarter financial results on Wednesday, July 29, 2026 at 10:00 A.M. (Eastern). All interested parties may listen to a live webcast of the call at www.craneco.com. An archived webcast will also be available to replay this conference call directly from the Company’s website under Investors, Events & Presentations. Slides that accompany the conference call will be available on the Company’s website. About Crane Company Crane Company has delivered innovation and technology-led solutions for customers since its founding in 1855. Today, Crane is a leading manufacturer of highly engineered components for challenging, mission-critical applications focused on the aerospace, defense, space and process industry end markets. The Company has two strategic growth platforms: Aerospace & Advanced Technologies and Process Flow Technologies. Crane has approximately 8,300 employees in the Americas, Europe, the Middle East, Asia and Australia. Crane Company is traded on the New York Stock Exchange (NYSE: CR). For more information, visit www.craneco.com. Forward-Looking Statements Disclaimer This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical statements of fact and those regarding our intent, belief, or expectations, including, but not limited to: benefits and synergies of the Druck, Panametrics and Reuter-Stokes, and optek-Danulat acquisitions; strategic and competitive advantages of Crane; future financing plans and opportunities; and business strategies, prospects and projected operating and financial results. We caution investors not to place undue reliance on any such forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties that could lead to actual results differing materially from those projected, forecasted or expected. Although we believe that the assumptions underlying the forward-looking statements are reasonable, we can give no assurance that our expectations will be attained. Risks and uncertainties that could cause actual results to differ materially from our expectations include, but are not limited to: changes in global economic conditions (including inflationary pressures and tariffs) and geopolitical risks, including macroeconomic fluctuations that may harm our business, results of operation and stock price; being unable to identify or complete acquisitions, or to successfully integrate the businesses we acquire, or complete dispositions; information systems and technology network failures and breaches in data security, theft of personally identifiable and other information, non-compliance with our contractual or other legal obligations regarding such information; our ability to source components and raw materials from suppliers, including disruptions and delays in our supply chain; demand for our products, which is variable and subject to factors beyond our control; governmental regulations and failure to comply with those regulations; fluctuations in the prices of our components and raw materials; loss of personnel or being unable to hire and retain additional personnel needed to sustain and grow our business as planned; risks from environmental liabilities, costs, litigation and violations that could adversely affect our financial condition, results of operations, cash flows and reputation; risks associated with conducting a substantial portion of our business outside the U.S.; adverse impacts from intangible asset impairment charges; potential product liability or warranty claims; being unable to successfully develop and introduce new products, which would limit our ability to grow and maintain our competitive position and adversely affect our financial condition, results of operations and cash flow; significant competition in our markets; additional tax expenses or exposures that could affect our financial condition, results of operations and cash flows; inadequate or ineffective internal controls; specific risks relating to our reportable segments, including Aerospace & Advanced Technologies, and Process Flow Technologies; the ability and willingness of Crane Company and Crane NXT, Co. to meet and/or perform their obligations under any contractual arrangements that were entered into among the parties in connection with the separation transaction and any of their obligations to indemnify, defend and hold the other party harmless from and against various claims, litigation and liabilities; and the ability to achieve some or all the benefits that we expect to achieve from the separation transaction. Readers should carefully review Crane’s financial statements and the notes thereto, as well as the section entitled "Risk Factors" in Item 1A of Crane’s Annual Report on Form 10-K for the year ended December 31, 2025 and the other documents Crane files from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof, and Crane assumes no (and disclaims any) obligation to revise or update any forward-looking statements. We make no representations or warranties as to the accuracy of any projections, statements or information contained in this press release. It is understood and agreed that any such projections, targets, statements and information are not to be viewed as facts and are subject to significant business, financial, economic, operating, competitive and other risks, uncertainties and contingencies many of which are beyond our control, that no assurance can be given that any particular financial projections ranges, or targets will be realized, that actual results may differ from projected results and that such differences may be material. While all financial projections, estimates and targets are necessarily speculative, we believe that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the projection, estimate or target extends from the date of preparation. The assumptions and estimates underlying the projected, expected or target results are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the financial projections, estimates and targets. The inclusion of financial projections, estimates and targets in this press release should not be regarded as an indication that we or our representatives considered or consider the financial projections, estimates and targets to be a reliable prediction of future events. (Financial Tables Follow) Source: Crane Company Crane Company reports its financial results in accordance with U.S. generally accepted accounting principles ("GAAP"). This press release includes certain non-GAAP financial measures, including adjusted operating profit, adjusted operating profit margin, adjusted tax rate, adjusted net income, adjusted EPS, adjusted EBITDA, Free Cash Flow and Adjusted Free Cash Flow, that are not prepared in accordance with GAAP. These non-GAAP measures are an addition, and not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP and should not be considered as an alternative to operating income, net income or any other performance measures derived in accordance with GAAP. We believe that these non-GAAP measures of financial results (including on a forward-looking or projected basis) provide useful supplemental information to investors about Crane Company. Our management uses certain forward looking non-GAAP measures to evaluate projected financial and operating results. However, there are a number of limitations related to the use of these non-GAAP measures and their nearest GAAP equivalents. For example, other companies may calculate non-GAAP measures differently or may use other measures to calculate their financial performance, and therefore our non-GAAP measures may not be directly comparable to similarly titled measures of other companies. Reconciliations of certain forward-looking and projected non-GAAP measures for Crane Company, including Adjusted EPS, and Adjusted segment margin to the closest corresponding GAAP measure are not available without unreasonable efforts due to the high variability, complexity and low visibility with respect to the charges excluded from these non-GAAP measures, which could have a potentially significant impact on our future GAAP results. For Crane Company, these forward looking and projected non-GAAP measures are calculated as follows: "Adjusted segment operating margin" is calculated as adjusted segment operating profit divided by segment sales. Adjusted segment operating profit is calculated as operating profit excluding corporate costs and before Special Items which include acquisition-related intangible amortization, transaction related expenses, tariff refunds and repositioning related charges. We believe that non-GAAP financial measures that exclude these items provide investors with an alternative metric that can assist in predicting future earnings and profitability that are complementary to GAAP metrics. "Adjusted Tax Rate" is calculated as tax excluding the impact from items which are outside of our core performance, some of which may or may not be non-recurring, and which we believe may complicate the presentation of the Company’s underlying earnings divided by "Adjusted Net Income". "Adjusted EPS" is calculated as adjusted net income divided by diluted shares. Adjusted net income is calculated as net income adjusted for Special Items which include transaction related expenses such as professional fees, and incremental costs related to acquisitions; repositioning related charges; acquisition-related intangible amortization; tariff refunds and, the impact of pension non-service costs. We believe that non-GAAP financial measures adjusted for these items provide investors with an alternative metric that can assist in predicting future earnings and profitability that are complementary to GAAP metrics. We believe that each of the following non-GAAP measures provides useful information to investors regarding the Company’s financial conditions and operations: "Adjusted Operating Profit" and "Adjusted Operating Margin" add back to Operating Profit items which are outside of our core performance, some of which may or may not be non-recurring, and which we believe may complicate the interpretation of the Company’s underlying earnings and operational performance. These items include income and expense such as: acquisition-related intangible amortization, transaction related expenses, tariff refunds and repositioning related (gains) charges. These items are not incurred in all periods, the size of these items is difficult to predict, and none of these items are indicative of the operations of the underlying businesses. We believe that non-GAAP financial measures that exclude these items provide investors with an alternative metric that can assist in predicting future earnings and profitability that are complementary to GAAP metrics. "Adjusted Net Income" and "Adjusted EPS" exclude items which are outside of our core performance, some of which may or may not be non-recurring, and which we believe may complicate the presentation of the Company’s underlying earnings and operational performance. These measures include income and expense items that impacted Operating Profit such as: acquisition-related intangible amortization, transaction related expenses, tariff refunds and repositioning related (gains) charges. Additionally, these non-GAAP financial measures exclude income and expense items that impacted Net Income and Earnings per Diluted Share such as the impact of pension non-service costs. These items are not incurred in all periods, the size of these items is difficult to predict, and none of these items are indicative of the operations of the underlying businesses. We believe that non-GAAP financial measures that exclude these items provide investors with an alternative metric that can assist in predicting future earnings and profitability that are complementary to GAAP metrics. "Adjusted EBITDA" adds back to net income: net interest expense, income tax expense, depreciation and amortization, miscellaneous (income) expense, net, and items outside of our core performance such as transaction related expenses and tariff refunds. "Adjusted EBITDA Margin" is calculated as adjusted EBITDA divided by net sales. We believe that adjusted EBITDA and adjusted EBITDA margin provide investors with an alternative metric that may be a meaningful indicator of our performance and provides useful information to investors regarding our financial conditions and results of operations that is complementary to GAAP metrics. "Free Cash Flow" and "Adjusted Free Cash Flow from continuing operations" provide supplemental information to assist management and investors in analyzing the Company’s ability to generate liquidity from its operating activities. The measure of free cash flow does not take into consideration certain other non-discretionary cash requirements such as, for example, mandatory principal payments on the Company’s long-term debt. Free Cash Flow is calculated as cash provided by operating activities less capital spending. Adjusted Free Cash Flow from continuing operations is calculated as Free Cash Flow adjusted for certain cash items which we believe may complicate the interpretation of the Company’s underlying free cash flow performance such as certain transaction related cash flow items related to acquisitions and tariff refunds. These items are not incurred in all periods, the size of these items is difficult to predict, and none of these items are indicative of the operations of the underlying businesses. We believe that non-GAAP financial measures that exclude these items provide investors with an alternative metric that can assist in predicting future cash flows that are complementary to GAAP metrics. View source version on businesswire.com: https://www.businesswire.com/news/home/20260728065272/en/ Contacts Allison Poliniak-CusicVice President, Investor [email protected] www.craneco.com
Investor releaseQuarter not tagged2026-07-28Crane Q2 Adjusted Earnings, Sales Rise; Increases Full-Year EPS Guidance, Maintains Dividend
MT Newswires
Crane Q2 Adjusted Earnings, Sales Rise; Increases Full-Year EPS Guidance, Maintains Dividend
Crane (CR) reported Q2 adjusted earnings late Tuesday of $1.79 per diluted share, up from $1.52 a ye
Investor releaseQuarter not tagged2026-07-27Stanley Black Gears Up to Report Q2 Earnings: What's in the Cards?
Zacks
Stanley Black Gears Up to Report Q2 Earnings: What's in the Cards?
Stanley Black & Decker, Inc. SWK is scheduled to release second-quarter 2026 results on July 29, before market open.The Zacks Consensus Estimate for this New Britain, CT-based tool maker’s second-quarter revenues is pegged at $3.93 billion, indicating a decline of 0.3% from the year-ago quarter. The consensus estimate for adjusted earnings is pinned at $1.20 per share. The figure indicates growth of 11.1% from the year-ago quarter’s number.The consensus estimate for earnings has declined 0.8% over the past 60 days. The company has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters, the average surprise being 61.6%.Let’s see how things have shaped up for Stanley Black before the announcement. Stanley Black’s Tools & Outdoor segment’s results are expected to benefit from the solid momentum in its DEWALT business and recovery in demand for outdoor products. However, softness in the DIY market and depressing demand for hand tools remain concerning. We expect the Tools & Outdoor segment’s revenues to increase 2.3% year over year to $3.54 billion.Strength in the aerospace market and solid momentum in the automotive market are expected to have aided the Engineered Fastening segment’s second-quarter performance. However, the company divested its business unit, Consolidated Aerospace Manufacturing LLC (“CAM”), in April 2026, which is likely to weigh on the segment’s top-line results. We expect the Engineered Fastening segment’s revenues to decline 17.8% year over year to $397 million.Stanley Black has been incurring high costs and operating expenses over time, which are likely to have weighed on its performance. Also, supply-chain challenges and labor shortages, especially in the aerospace market, are likely to affect its results in the to-be-reported quarter.Nevertheless, SWK’s focus on cost reduction and operational efficiency is likely to have supported its bottom line in the to-be-reported quarter. The company is expected to have put up a healthy margin performance, aided by supply-chain transformation and inventory reduction efforts. Stanley Black & Decker, Inc. price-eps-surprise | Stanley Black & Decker, Inc. Quote Our proven model does not conclusively predict an earnings beat for Stanley Black this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy),…Read full documentShow less
Stanley Black & Decker, Inc. SWK is scheduled to release second-quarter 2026 results on July 29, before market open.The Zacks Consensus Estimate for this New Britain, CT-based tool maker’s second-quarter revenues is pegged at $3.93 billion, indicating a decline of 0.3% from the year-ago quarter. The consensus estimate for adjusted earnings is pinned at $1.20 per share. The figure indicates growth of 11.1% from the year-ago quarter’s number.The consensus estimate for earnings has declined 0.8% over the past 60 days. The company has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters, the average surprise being 61.6%.Let’s see how things have shaped up for Stanley Black before the announcement. Stanley Black’s Tools & Outdoor segment’s results are expected to benefit from the solid momentum in its DEWALT business and recovery in demand for outdoor products. However, softness in the DIY market and depressing demand for hand tools remain concerning. We expect the Tools & Outdoor segment’s revenues to increase 2.3% year over year to $3.54 billion.Strength in the aerospace market and solid momentum in the automotive market are expected to have aided the Engineered Fastening segment’s second-quarter performance. However, the company divested its business unit, Consolidated Aerospace Manufacturing LLC (“CAM”), in April 2026, which is likely to weigh on the segment’s top-line results. We expect the Engineered Fastening segment’s revenues to decline 17.8% year over year to $397 million.Stanley Black has been incurring high costs and operating expenses over time, which are likely to have weighed on its performance. Also, supply-chain challenges and labor shortages, especially in the aerospace market, are likely to affect its results in the to-be-reported quarter.Nevertheless, SWK’s focus on cost reduction and operational efficiency is likely to have supported its bottom line in the to-be-reported quarter. The company is expected to have put up a healthy margin performance, aided by supply-chain transformation and inventory reduction efforts. Stanley Black & Decker, Inc. price-eps-surprise | Stanley Black & Decker, Inc. Quote Our proven model does not conclusively predict an earnings beat for Stanley Black this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as elaborated below.Earnings ESP: Stanley Black has an Earnings ESP of -0.18%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.Zacks Rank: SWK presently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here. Here are three companies, which according to our model, have the right combination of elements to post an earnings beat this season.Crane Company CR has an Earnings ESP of +4.73% and a Zacks Rank of 2 at present. The company is scheduled to release second-quarter 2026 results on July 28.Crane’s earnings surpassed the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 11.3%.Ingersoll Rand Inc. IR has an Earnings ESP of +0.61% and a Zacks Rank of 3 at present. The company is slated to release second-quarter 2026 results on July 30.Ingersoll Rand’s earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters while matching the mark in two, the average surprise being 2.4%.RBC Bearings Incorporated RBC has an Earnings ESP of +0.66% and a Zacks Rank of 2 at present. The company is scheduled to release first-quarter fiscal 2027 earnings on July 31, before market open. RBC Bearings’ earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 6.2%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Stanley Black & Decker, Inc. (SWK) : Free Stock Analysis Report RBC Bearings Incorporated (RBC) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research
Investor releaseQuarter not tagged2026-07-273 Industrial Stocks Set to Beat Expectations This Earnings Season
Zacks
3 Industrial Stocks Set to Beat Expectations This Earnings Season
The Zacks Industrial Products sector kicked off the second quarter of 2026 earnings season last week. In the quarter, the sector is anticipated to have benefited from the solid momentum in the manufacturing sector, growth in new orders and strong e-commerce activities. However, supply-chain bottlenecks and cost inflation are likely to have weighed on the sector’s performance.The latest Earnings Trend report indicates a year-over-year improvement in both earnings and revenues for the S&P 500 companies within the Industrial Products sector. Per the report, the sector’s second-quarter earnings are anticipated to witness year-over-year growth of 10.6% compared with a 11.4% increase recorded in the previous quarter.The sector’s revenues are projected to increase 9.8%, while margins are expected to rise 0.1%. The January-March quarter had witnessed 13.9% revenue growth and a 0.3% decline in margin.Let us discuss the factors that are likely to have played a key role in shaping the performance of industrial stocks in the second quarter. Industrial companies benefited from a favorable business environment during the quarter, supported by improving manufacturing activity and sustained demand across end markets.Per the latest Institute for Supply Management’s (ISM) report released on July 1, the Purchasing Managers Index (PMI) registered 52.7%, 54.0% and 53.3% in April, May and June, respectively. ISM’s production index in June was 52.2%, reflecting growth for the eighth consecutive month. Also, the new orders index was 56.0%, indicating the sixth successive month of increase. It’s worth noting here that in the second quarter, the United States’ industrial production recorded an annual increase of 4%, with manufacturing output rising 4.7%.Growth in demand across several markets, including manufacturing, electrical equipment, machinery, fabricated metal products, and appliances & components, is likely to have supported the performance of industrial companies. Firms serving commercial and defense aerospace customers are also expected to have benefited from healthy aircraft production, resilient aftermarket activity and continued government spending. Also, investments in new products, disciplined pricing strategies, targeted commercial initiatives and ongoing efficiency programs are likely to have supported profitability and operational performance.Despite these favorable…Read full documentShow less
The Zacks Industrial Products sector kicked off the second quarter of 2026 earnings season last week. In the quarter, the sector is anticipated to have benefited from the solid momentum in the manufacturing sector, growth in new orders and strong e-commerce activities. However, supply-chain bottlenecks and cost inflation are likely to have weighed on the sector’s performance.The latest Earnings Trend report indicates a year-over-year improvement in both earnings and revenues for the S&P 500 companies within the Industrial Products sector. Per the report, the sector’s second-quarter earnings are anticipated to witness year-over-year growth of 10.6% compared with a 11.4% increase recorded in the previous quarter.The sector’s revenues are projected to increase 9.8%, while margins are expected to rise 0.1%. The January-March quarter had witnessed 13.9% revenue growth and a 0.3% decline in margin.Let us discuss the factors that are likely to have played a key role in shaping the performance of industrial stocks in the second quarter. Industrial companies benefited from a favorable business environment during the quarter, supported by improving manufacturing activity and sustained demand across end markets.Per the latest Institute for Supply Management’s (ISM) report released on July 1, the Purchasing Managers Index (PMI) registered 52.7%, 54.0% and 53.3% in April, May and June, respectively. ISM’s production index in June was 52.2%, reflecting growth for the eighth consecutive month. Also, the new orders index was 56.0%, indicating the sixth successive month of increase. It’s worth noting here that in the second quarter, the United States’ industrial production recorded an annual increase of 4%, with manufacturing output rising 4.7%.Growth in demand across several markets, including manufacturing, electrical equipment, machinery, fabricated metal products, and appliances & components, is likely to have supported the performance of industrial companies. Firms serving commercial and defense aerospace customers are also expected to have benefited from healthy aircraft production, resilient aftermarket activity and continued government spending. Also, investments in new products, disciplined pricing strategies, targeted commercial initiatives and ongoing efficiency programs are likely to have supported profitability and operational performance.Despite these favorable trends, industrial companies continue to face headwinds from elevated input costs, persistent supply-chain issues and a softer labor market. In addition, tariffs and trade-related duties on imported raw materials and intermediate components have increased cost pressures, particularly for businesses with globally integrated supply chains. Given the large number of players operating in the industrial products sector, picking the right stock is not an easy task. Our proven model, however, makes it fairly simple. One can shortlist with the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), which increases the odds of an earnings beat. You can see the complete list of today’s Zacks #1 Rank stocks here.You can uncover the best stocks before they report earnings with our Earnings ESP Filter.Earnings ESP — the percentage difference between the Most Accurate Estimate and the Zacks Consensus Estimate — is our proprietary methodology for determining the stocks with the maximum chances of delivering positive earnings surprises in their announcement. Our research shows that for stocks with this combination of ingredients, the chances of a beat are as high as 70%. Ingersoll Rand Inc. IR has an Earnings ESP of +0.61% and a Zacks Rank of 3 at present. The company is scheduled to release second-quarter 2026 earnings on July 30, after market close. The Zacks Consensus Estimate for IR’s revenues is pegged at $1.96 billion, indicating 3.8% growth from the year-ago quarter’s figure. The consensus estimate for its earnings is pegged at 83 cents per share, indicating a 3.8% year-over-year increase. The company’s earnings beat the Zacks Consensus Estimate twice and matched on the other two occasions in the trailing four quarters, the average surprise being 2.4%.Ingersoll Rand is expected to have benefited from strong demand for its industrial vacuums and blowers, power tools and compressors. Strong momentum in the life sciences business, driven by growth in fluid handling product orders within the legacy Gardner Denver Medical platform, is likely to have been a tailwind for the company. Strength in the precision technologies business and an increase in demand for biopharma solutions also bode well. Ingersoll Rand Inc. price-eps-surprise | Ingersoll Rand Inc. Quote RBC Bearings Incorporated RBC has an Earnings ESP of +0.66% and a Zacks Rank of 2 at present. The company is scheduled to release first-quarter fiscal 2027 earnings on July 31, before market open. The Zacks Consensus Estimate for RBC’s revenues is pegged at $508.6 million, indicating growth of 16.7% from the year-ago quarter. The consensus estimate for its earnings is pegged at $3.42 per share, indicating a 20.4% year-over-year increase. RBC Bearings’ earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 6.2%.Strength in the commercial aerospace market, driven by strong orders from the OEM and the aftermarket verticals, is likely to have aided the Aerospace/Defense segment. An increase in demand for RBC’s bearings and engineered component products in the defense market, supported by growth in marine and missile applications orders, is anticipated to support its results. Also, the Industrial segment is likely to have put up a decent performance, aided by stable demand for its highly engineered bearings and precision components. RBC Bearings Incorporated price-eps-surprise | RBC Bearings Incorporated Quote Crane Company CR has an Earnings ESP of +4.73% and a Zacks Rank of 2 at present. The company is scheduled to release second-quarter 2026 earnings on July 28, after market close. The Zacks Consensus Estimate for CR’s revenues is pegged at $706.1 million, indicating 22.3% growth from the year-ago quarter. The consensus estimate for its earnings is pegged at $1.66 per share, indicating an 11.4% year-over-year increase. The company’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 11.3%.Crane’s Aerospace & Advanced Technologies segment is expected to have performed well, supported by strength across its commercial and military OEM businesses with higher aircraft build rates and favorable geopolitical backdrop. Stable demand in the pharmaceutical, cryogenic and water and wastewater markets is likely to have augmented its Process Flow Technologies segment. CR’s recent acquisitions of Druck, optek-Danulat, Panametrics and Reuter-Stokes are also expected to have boosted its top line in the quarter. Crane Company price-eps-surprise | Crane Company Quote Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report RBC Bearings Incorporated (RBC) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research
Investor releaseQuarter not tagged2026-07-27IDEX Gears Up to Report Q2 Earnings: What's in the Cards?
Zacks
IDEX Gears Up to Report Q2 Earnings: What's in the Cards?
IDEX Corporation IEX is scheduled to release second-quarter 2026 results on July 29, before market open.The Zacks Consensus Estimate for second-quarter earnings has decreased a penny in the past 60 days. The company has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters, the average surprise being 6%.The consensus estimate for revenues is pegged at $902.4 million, indicating an increase of 4.3% from the prior-year quarter’s figure. The consensus estimate for adjusted earnings is pinned at $2.10 per share, indicating an increase of 1.5% from the year-ago quarter’s number.Let's see how things have shaped up for IDEX this earnings season. The Health & Science Technologies (HST) segment is expected to have benefited from an increase in volumes, driven by strength in the pharma market and AI-led growth in data center power and semiconductor markets. Also, strength in the space and defense markets is expected to have aided the segment’s performance in the second quarter. The consensus estimate for the HST segment’s revenues is pegged at $407 million, indicating an increase of 11.5% year over year.An increase in demand for products across the municipal water end market is expected to have aided the Fluid & Metering Technologies (FMT) segment. Higher demand for mining application solutions business is likely to have been a tailwind as well. The consensus estimate for the FMT segment’s revenues is pegged at $314 million, indicating growth of 0.9% year over year.IDEX has remained focused on expanding its product offerings and market presence through buyouts, which is expected to have boosted its top line. In July 2025, the company acquired Micro-LAM, Inc. (Micro-LAM), which expanded IDEX’s optics technologies offerings. Also, the acquisition of Mott Corp. and its subsidiaries (Mott) in September 2024 expanded the company’s expertise in applied materials science technology capabilities across high-value end markets.However, the Fire & Safety/Diversified Products (FSDP) segment is expected to have put up a weak show due to softness in the dispensing business arising from the unfavorable timing of dispensing projects in emerging markets. The consensus estimate for the segment’s revenues is pegged at $189 million, decreasing 1.6% from the year-ago quarter figure.The escalating costs and operating expe…Read full documentShow less
IDEX Corporation IEX is scheduled to release second-quarter 2026 results on July 29, before market open.The Zacks Consensus Estimate for second-quarter earnings has decreased a penny in the past 60 days. The company has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters, the average surprise being 6%.The consensus estimate for revenues is pegged at $902.4 million, indicating an increase of 4.3% from the prior-year quarter’s figure. The consensus estimate for adjusted earnings is pinned at $2.10 per share, indicating an increase of 1.5% from the year-ago quarter’s number.Let's see how things have shaped up for IDEX this earnings season. The Health & Science Technologies (HST) segment is expected to have benefited from an increase in volumes, driven by strength in the pharma market and AI-led growth in data center power and semiconductor markets. Also, strength in the space and defense markets is expected to have aided the segment’s performance in the second quarter. The consensus estimate for the HST segment’s revenues is pegged at $407 million, indicating an increase of 11.5% year over year.An increase in demand for products across the municipal water end market is expected to have aided the Fluid & Metering Technologies (FMT) segment. Higher demand for mining application solutions business is likely to have been a tailwind as well. The consensus estimate for the FMT segment’s revenues is pegged at $314 million, indicating growth of 0.9% year over year.IDEX has remained focused on expanding its product offerings and market presence through buyouts, which is expected to have boosted its top line. In July 2025, the company acquired Micro-LAM, Inc. (Micro-LAM), which expanded IDEX’s optics technologies offerings. Also, the acquisition of Mott Corp. and its subsidiaries (Mott) in September 2024 expanded the company’s expertise in applied materials science technology capabilities across high-value end markets.However, the Fire & Safety/Diversified Products (FSDP) segment is expected to have put up a weak show due to softness in the dispensing business arising from the unfavorable timing of dispensing projects in emerging markets. The consensus estimate for the segment’s revenues is pegged at $189 million, decreasing 1.6% from the year-ago quarter figure.The escalating costs and operating expenses, due to increasing employee-related costs and professional services spending, are likely to have weighed on IEX’s bottom line in the to-be-reported quarter. IDEX Corporation price-eps-surprise | IDEX Corporation Quote Our proven model does not conclusively predict an earnings beat for IEX this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as elaborated below.Earnings ESP: IEX has an Earnings ESP of -0.67% as the Zacks Consensus Estimate is pegged at $2.10 per share, higher than the Most Accurate Estimate of $2.09. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.Zacks Rank: IEX presently carries a Zacks Rank of 3.You can see the complete list of today’s Zacks #1 Rank stocks here. Here are some companies, which according to our model, have the right combination of elements to beat on earnings in this reporting cycle.Crane Company CR has an Earnings ESP of +4.73% and a Zacks Rank of 2 at present. The company is scheduled to release second-quarter 2026 results on July 28.Crane’s earnings surpassed the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 11.3%.Ferguson Enterprises Inc. FERG has an Earnings ESP of +1.22% and a Zacks Rank of 2 at present. The company is slated to release second-quarter 2026 results on Aug. 10.Ferguson’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 6.5%.Ingersoll Rand Inc. IR has an Earnings ESP of +0.61% and a Zacks Rank of 3 at present. The company is slated to release second-quarter 2026 results on July 30.Ingersoll Rand’s earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters and matched the mark in two, the average surprise being 2.4%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report IDEX Corporation (IEX) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report Crane Company (CR) : Free Stock Analysis Report Ferguson plc (FERG) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research
Investor releaseQuarter not tagged2026-07-27Crane Earnings: What To Look For From CR
StockStory
Crane Earnings: What To Look For From CR
Industrial conglomerate Crane (NYSE:CR) will be reporting earnings this Tuesday after the bell. Here’s what you need to know. Crane beat analysts’ revenue expectations last quarter, reporting revenues of $696.4 million, up 24.9% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ EBITDA estimates and a beat of analysts’ EPS estimates. Is Crane a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members. This quarter, the market is expecting Crane’s revenue to grow 22.7% year on year, improving from the 9.2% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Crane has missed Wall Street’s revenue estimates multiple times over the last two years. Looking at Crane’s peers in the general industrial machinery segment, some have already reported their Q2 results, giving us a hint as to what we can expect. GE Aerospace delivered year-on-year revenue growth of 24.5%, beating analysts’ expectations by 6%, and 3M reported revenues up 5.6%, topping estimates by 1.5%. GE Aerospace traded down 3.2% following the results while 3M was up 7.3%. Read our full analysis of GE Aerospace’s results here and 3M’s results here. Over the past year, investors have repeatedly shifted their focus from one macro narrative to another (AI disruption and AI capex spending to geopolitics, interest rates, and the broader health of the economy). While some of the general industrial machinery stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.5% on average over the last month. Crane is up 2.6% during the same time and is heading into earnings with an average analyst price target of $230.30 (compared to the current share price of $226.14). ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable. These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE.

