Crane Company reported financial results for the quarter ended September 30, 2026, announcing a rise in adjusted earnings per share and increasing its outlook for the full year.
For the third quarter, Crane reported adjusted earnings per share (EPS) from continuing operations of $2.05, a 23% increase compared to the same period in 2025. GAAP EPS from continuing operations was $1.66, up from $1.56 in the prior year. Total sales reached $754.6 million, representing a 28.1% increase year-over-year. This growth was driven by core sales growth of 7.7% and contributions from acquisitions.
Operating profit for the quarter was $140.6 million, an 18.8% increase from the previous year. The company reported an adjusted operating profit of $169.9 million, a 35.8% increase. Operating margin was 18.6%, down 150 basis points, while adjusted operating margin reached a record 22.5%, up 130 basis points.
Crane operates two strategic platforms: Aerospace & Advanced Technologies (AAT) and Process Flow Technologies (PFT). In AAT, core sales grew 9.5%, while PFT core sales grew 6.2%. The company noted that core backlog increased 9% year-over-year, with both segments reporting year-over-year increases in backlog.
Regarding its portfolio, Crane announced an agreement to divest the UK-based Crane Building Services & Utilities business for £230 million. The company also expects to acquire the U.S. water and wastewater pump business from Trillium Flow Technologies in the fourth quarter of 2026.
Crane raised and narrowed its full-year adjusted EPS guidance to a range of $7.23 to $7.38, up from the previous range of $6.85 to $7.05. The company declared a regular quarterly dividend of $0.255 per share for the fourth quarter of 2026, payable on December 9, 2026.
