EarningsQ2 2026 Earnings Report
MX:CR Q2 2026 EPS Results
Actual EPS$32.75
Consensus EPS$30.66
Beat/MissBeat by +$2.09
One Year Ago EPS$27.26
MX:CR Q2 2026 Revenue Results
Actual Revenue$13.26B
Expected Revenue$12.96B
Beat/MissBeat by +$297.05M
YoY Revenue Growth+25.55%
Earnings Announcement Details
QuarterQ2 2026
Date07/28/2026
TimeAfter Close
Conference CallTuesday, July 28, 2026
MX:CR Upcoming Earnings
Crane Company's next earnings date is estimated for October 26, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:CR Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial result: record margins, double-digit gains in Aerospace & Advanced Technologies, stronger-than-expected performance from recent acquisitions, and upgraded EPS guidance. Weakness was concentrated in Process Flow Technologies' organic top-line, some acquisition-related short-term margin dilution, and one-time tariff recoveries excluded from adjusted results. On balance, the highlights—particularly margin expansion, backlog strength, acquisition outperformance, and balance-sheet improvement—significantly outweigh the lowlights.Company Guidance
Record Company Performance and Margin Expansion
Total sales rose 26% year-over-year in Q2 with 5% core sales growth. Adjusted operating profit increased 37% and total company adjusted operating margin expanded 180 basis points to a record 21.3%. Management raised full-year adjusted EPS guidance by $0.20 at the midpoint to a range of $6.85 to $7.05.
Strong Backlog and Order Visibility
Total core FX-neutral backlog was up 7% year-over-year and up 5% sequentially. Total backlog increased 5% sequentially, providing improved visibility into the second half and beyond.
Aerospace & Advanced Technologies Outperformance
AAT sales were $339 million, up 30% year-over-year with core sales up 13.3%. Core backlog reached a record nearly $1.3 billion (core backlog +11% YoY, +7% sequential) and management expects full-year core sales growth for the segment just above the high end of the 7%–9% long-term range. Notable program wins include GE RISE content, a brake control system award for Otto Aerospace Phantom 3500 and expanding defense power content (AESA radar, hybrid electric vehicle programs).
Acquisitions Driving Faster-than-Expected Value
Sales contribution from the four recent acquisitions accounted for ~20 percentage points of growth in the quarter. Integration is ahead of plan, synergies are realizing faster than anticipated, and management now expects the recent acquisitions to contribute approximately $0.20 per share to full-year EPS (up from ~$0.15 prior).
Process Flow Technologies: Margin Improvement and Strategic Wins
PFT reported $386 million in sales, up 21% year-over-year (acquisitions contributed ~22 points). Adjusted operating margin expanded ~80 basis points to 22.2% despite acquisition-related dilution. The business secured cryogenics projects for SpaceX and Blue Origin and continues to support nuclear restarts and AP1000 positioning.
Balance Sheet Strength and Capital Flexibility
Management repaid $100 million of debt in the quarter and another $90 million after quarter end, resulting in pro forma net leverage of about 1.2x. Corporate priorities remain focused on disciplined M&A with capacity to deploy capital; stated target leverage range is ~2x–3x (indicating room for additional transactions).
MX:CR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed