Crane Q1 sales up 25%, beats estimates; targets nearly 23% margin in 2026

Crane Co

27/04/2026 21:27

Overview

U.S. engineered components maker's Q1 sales rose 25%, beating analyst expectations

Adjusted EPS for Q1 grew 15% to a record, driven by recent acquisitions

Company raised full-year adjusted EPS outlook despite macroeconomic uncertainty

Outlook

Crane raises 2026 adjusted EPS outlook to $6.65-$6.85 from $6.55-$6.75

Company expects 2026 total sales growth in low- to mid-20% range

Crane forecasts 2026 adjusted segment operating margin of nearly 23%

Result Drivers

ACQUISITIONS - Recent acquisitions were the primary driver of sales and adjusted EPS growth, contributing 18.3% to total sales growth and performing above expectations, per CEO Alex Alcala

PRODUCTIVITY - Strong productivity supported adjusted operating profit, partially offsetting acquisition-related costs

ORDER BACKLOG - Total company core backlog rose 9.1% year-over-year, with Aerospace & Advanced Technologies backlog up 14% and Process Flow Technologies backlog up 7% sequentially

Company press release: ID:nBw9N1RQya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$696.40 mln
$672.74 mln (7 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 1 "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 $225.00, about 24.9% above its April 24 closing price of $180.08

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 28 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)