Crane Company Q2 sales rise 26%, beat estimates; outlook raised

Crane

28/07/2026 21:24

Overview
U.S. engineered components maker's Q2 sales rose 26% yr/yr, beating analyst expectations
Adjusted EPS for Q2 climbed 18% to a record $1.79
Company raised full-year adjusted EPS guidance on strong demand

Outlook
Crane raises 2026 adjusted EPS outlook to $6.85-$7.05 from $6.65-$6.85
Company expects 2026 total sales growth in mid-20% range, up from low-to-mid-20% previously
Crane sees 2026 adjusted segment operating margin of 23.0% or higher

Result Drivers
AEROSPACE & ADVANCED TECHNOLOGIES DEMAND - Co said broad-based demand in AAT segment drove 13.3% core sales growth and record backlog
ACQUISITIONS - Acquisitions contributed nearly 20% to sales growth and performed ahead of expectations, aiding growth and margin expansion
OPERATING LEVERAGE - Margin expansion attributed to strong productivity and operating leverage across all businesses

Company press release: ID:nBw944dS0a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$724.7 mln
$706.22 mln (8 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Crane Co is $232.50, about 2.7% above its July 27 closing price of $226.44
The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 25 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)