From The Motley Fool · Motley Fool Transcribing · · 1m 40s
Crane Q3 2026 Earnings Report
Crane raises full-year earnings outlook after record Q3 results.
In brief
Crane raises full-year earnings outlook after record Q3 results. Crane reported record quarterly results with $754.6 million net sales and raised full-year adjusted EPS guidance to $7.23-$7.38. Originally reported by The Motley Fool.
Q3 Results
Crane reported record quarterly results with $754.6 million net sales and 28.1% growth.
Core Sales Growth
Core sales grew 7.7% driven by strong demand across both business segments.
Adjusted EPS
Adjusted EPS reached $2.05, a record 23% increase from $1.67 in the prior year.
Backlog Growth
Total company backlog increased 9% to approximately $1.9 billion.
Aerospace Segment
Aerospace & Advanced Technologies sales grew 27.4% with 9.5% core growth.
Process Flow Technologies
Process Flow Technologies sales grew 28.7% with 6.2% core growth.
Operating Margins
Adjusted operating margin expanded 130 basis points to 22.5%.
Full Year Guidance
Full year adjusted EPS guidance raised to $7.23-$7.38 from $6.85-$7.05.
Acquisition Impact
Acquisitions contributed $0.30 per share to 2026 earnings, up from $0.20.
Divestiture
Crane divested Building Services & Utilities for £230 million.
Missile Programs
Missile program revenue reached $35 million with 40-50% growth expected in 2027.
PFT Transformation
Process Flow Technologies portfolio transformation underway with early results.
Investor Day
Crane to host Investor Day on February 9 in New York City.
Chemical Market
Chemical market exposure reduced to 20% from historical 30%.
Power and Nuclear
Power and nuclear market exposure at 15% with strong demand.
Next Steps
Crane expects continued growth and strategic investments through 2027.
The bottom line
Crane reported record quarterly results with $754.6 million net sales and raised full-year adjusted EPS guidance to $7.23-$7.38.
