Crane (CR) Company Report

Alex has been appointed the next Chief Executive Officer of Crane, with Max continuing as Executive Chairman.
In Q4 2025, the company reported 5.4% core sales growth and a 16% increase in adjusted operating profit, primarily driven by the Aerospace and Advanced Technologies segment.
For 2026, the Aerospace and Advanced Technologies segment expects core sales growth at the high end of 7%-9%, while the Process Flow Technologies segment anticipates flat to low single-digit core growth.
Recent acquisitions (Panametrics, Druck, Reuter-Stokes, and Optek-Danulat) are now expected to be slightly accretive to earnings in 2026. Full-year 2026 interest expense is projected at approximately $58 million, and the tax rate is estimated at 23%. Net leverage was 1.4 times after the Optek-Danulat acquisition.

Jan 27, 2026, 3:00 PM

Transcript

Crane Company Reports Strong Q4 2025 Results, Announces CEO Succession, and Provides 2026 Guidance

Earnings

CEO Change

M&A

Crane Company reported Q4 2025 adjusted EPS of $1.53, an increase of 21% over the prior year, driven by 5.4% core sales growth. Full-year adjusted EPS grew by 24%.
Alex Alcala has been appointed as the next CEO, effective April 27, 2026, with current CEO Max Mitchell transitioning to Executive Chairman for up to two years.
The company closed several acquisitions on January 1, 2026, including Druck, Panametrics, and Reuter-Stokes, as well as Optek-Danulat (with approximately $40 million in annual sales). These acquisitions are projected to be slightly accretive to 2026 earnings.
Initial 2026 adjusted EPS guidance is set at $6.55-$6.75, reflecting 10% growth at the midpoint, after excluding a $0.16 benefit from 2025 hurricane recoveries that will not recur.
Net leverage stands at 1.4 times, and the company is prepared to increase leverage up to 3x or more for strategic acquisitions, aiming to return to 2x-2.5x leverage within a short timeframe.

Jan 27, 2026, 3:00 PM

Transcript

Crane Company Reports Strong Q4 2025 Results, Announces CEO Succession, and Provides 2026 Guidance

Earnings

M&A

CEO Change

Crane Company reported adjusted EPS of $1.53 for Q4 2025, marking a 21% increase over the prior year, and achieved a 24% increase in full-year adjusted EPS.
The company completed several key acquisitions on January 1, 2026, including the Druck, Panametrics, and Reuter-Stokes brands from Baker Hughes, and Optek-Danulat, which has annual sales of approximately $40 million. These acquisitions increased the company's net leverage to 1.4 times.
Alex Alcala has been appointed as Crane's next CEO, effective April 27, 2026, with current CEO Max Mitchell transitioning to Executive Chairman for a transitional period.
For 2026, Crane provided initial adjusted EPS guidance of $6.55-$6.75, representing 10% growth at the midpoint when excluding certain one-time benefits and acquisition-related intangible amortization. The company also announced a change to its non-GAAP adjusted EPS presentation, now excluding non-cash, tax-affected, acquisition-related intangible amortization.
The recently closed acquisitions are expected to be slightly accretive to 2026 earnings, and the company is prepared to increase leverage up to 3x for strategic deals, with a plan to return to 2x-2.5x within a short period.

Jan 27, 2026, 3:00 PM

Transcript

Crane Announces Q4 and Full Year 2025 Results and Provides 2026 Guidance

Earnings

Guidance Update

M&A

For Q4 2025, Crane reported sales of $581.0 million and adjusted earnings per share (EPS) of $1.53, representing a 6.8% increase in sales and a 21.4% increase in adjusted EPS compared to Q4 2024.
For the full year 2025, the company achieved sales of $2,305.0 million and adjusted EPS of $6.05, marking an 8.2% increase in sales and a 24.0% increase in adjusted EPS from 2024.
Crane provided FY 2026 guidance, projecting revenue between $2,845 million and $2,875 million and adjusted EPS between $6.55 and $6.75.
The 2026 revenue outlook anticipates core sales growth of 4-6% and a significant M&A contribution of approximately 18-20%.

Jan 27, 2026, 3:00 PM

Presentation

Crane Co. Reports Strong Q4 2025 Results, Initiates 2026 Guidance, Completes Acquisitions, and Announces Leadership Transition

Earnings

Guidance Update

M&A

Crane Co. reported strong Q4 2025 results with adjusted EPS from continuing operations of $1.53, marking a 21% increase year-over-year, and sales of $581.0 million, up 6.8%. The company achieved a record year in 2025, with adjusted EPS up 24% over the prior year.
The company initiated its full year 2026 adjusted EPS outlook of $6.55-$6.75, reflecting 10% growth at the midpoint compared to 2025. Total sales growth is projected in the low- to mid-20% range, driven by recent acquisitions and mid-single-digit core sales growth.
Crane Co. completed two strategic acquisitions on January 1, 2026: Druck, Panametrics, and Reuter-Stokes, and optek-Danulat, which generated $40 million in sales in 2025.
Alex Alcala will be promoted to President & Chief Executive Officer, effective April 27, 2026, with Max Mitchell transitioning to Executive Chairman. Additionally, the company raised its annual dividend by 11% for 2026 to $1.02 per share.

Jan 26, 2026, 9:28 PM

8-K

Crane Company Reports Strong Q4 2025 Performance, Initiates 2026 Guidance, and Announces Leadership Transition

Earnings

Guidance Update

M&A

Crane Company reported strong Q4 2025 financial results, with sales of $581.0 million, up 6.8%, and adjusted EPS from continuing operations of $1.53, up 21%.
The company initiated its full year 2026 adjusted EPS outlook in the range of $6.55-$6.75, reflecting 10% growth at the midpoint.
Crane completed two acquisitions on January 1, 2026: Druck, Panametrics, and Reuter-Stokes, as well as optek-Danulat, which generated $40 million in sales in 2025.
A leadership transition was announced, with Alex Alcala appointed President & Chief Executive Officer and Max Mitchell becoming Executive Chairman, both effective April 27, 2026.
The annual dividend was raised by 11% for 2026 to $1.02 per share.

Jan 26, 2026, 9:15 PM

Press Release

Crane Co. Completes Acquisition of Precision Sensors & Instrumentation

M&A

Earnings

New Projects/Investments

Crane Company completed its acquisition of Precision Sensors & Instrumentation (PSI) on January 1, 2026.
The purchase price for PSI was $1,060 million, after adjusting for expected tax benefits with a net present value of approximately $90 million.
Crane Company will provide comments about the acquisition during its upcoming fourth quarter fiscal year 2025 earnings call, with the earnings release scheduled for January 26, 2026, and the teleconference on January 27, 2026, at 10:00 AM (Eastern).

Jan 5, 2026, 9:45 PM

8-K

Crane Company Acquires Baker Hughes' PSI Product Line

M&A

Crane Company has acquired Baker Hughes' Precision Sensors & Instrumentation (PSI) product line.
The sale, which includes the Druck, Panametrics, and Reuter-Stokes brands, closed on January 5, 2026.
The transaction involved cash proceeds of $1.15 billion before customary closing adjustments.

Jan 5, 2026, 12:35 PM

Press Release

Crane Company Reports Strong Q3 2025 Results and Raises Full-Year Adjusted EPS Guidance

Earnings

Guidance Update

M&A

Crane Company reported Q3 2025 adjusted EPS of $1.64, driven by an impressive 5.6% core sales growth.
The company raised and narrowed its full-year 2025 adjusted earnings outlook to a range of $5.75 to $5.95 (from a prior view of $5.50 to $5.80), reflecting 20% adjusted EPS growth at the midpoint compared to 2024.
The pending acquisition of Precision Sensors & Instrumentation from Baker Hughes remains on track to close at year-end (January 1).
For the full year 2025, Aerospace & Electronics' core sales growth is now anticipated to be up low double digits, while Process Flow Technologies' core growth is expected to fall at the lower end of its low to mid-single-digit range.
Crane Company's pipeline of acquisitions remains robust, with opportunities in both Aerospace & Electronics and Process Flow Technologies, largely ranging from $100 million to $500 million in deal size.

Oct 28, 2025, 2:00 PM

Transcript

Crane Company Reports Strong Q3 2025 Results and Raises Full-Year Guidance

Earnings

Guidance Update

M&A

Crane Company reported strong Q3 2025 results with adjusted EPS of $1.64 and 5.6% core sales growth.
The company raised and narrowed its full-year 2025 adjusted earnings outlook to a range of $5.75 to $5.95, reflecting 20% adjusted EPS growth at the midpoint compared to 2024.
The pending acquisition of Precision Sensors & Instrumentation from Baker Hughes remains on track to close at year-end (January 1) and is expected to be accretive to Crane's financial profile within the next few years.
The Aerospace & Electronics segment experienced a 13% sales increase in Q3 and achieved a record backlog of over $1 billion, up 27% year over year.