Crane Co
NYSE:CR
Crane Co
Crane Co., with its roots tracing back to the mid-19th century, has long embodied the spirit of American industrial innovation. Established in 1855 by Richard Teller Crane, the company initially built its reputation on high-quality brass fittings and plumbing supplies. Over time, Crane Co. expanded beyond its humble beginnings, crafting a diverse portfolio that embraces a range of sectors such as aerospace, electronics, and engineered materials. The company's success rests on its strategic agility and emphasis on technological advancement, allowing it to evolve with the changing landscapes of industry and technology.
Today, Crane Co. operates through several distinct business segments, each contributing to its robust revenue stream. The Aerospace & Electronics unit, renowned for its sophisticated systems and components, serves marquee clients in the aerospace industry. Meanwhile, the Process Flow Technologies and Payment & Merchandising Technologies divisions cater to industries requiring precision and reliability, from complex fluid handling in industrial processes to cashless payment solutions. By integrating advanced engineering with market-driven strategies, Crane Co. continues to bolster its global presence, capturing opportunities in both established markets and emerging sectors.
Crane Co., with its roots tracing back to the mid-19th century, has long embodied the spirit of American industrial innovation. Established in 1855 by Richard Teller Crane, the company initially built its reputation on high-quality brass fittings and plumbing supplies. Over time, Crane Co. expanded beyond its humble beginnings, crafting a diverse portfolio that embraces a range of sectors such as aerospace, electronics, and engineered materials. The company's success rests on its strategic agility and emphasis on technological advancement, allowing it to evolve with the changing landscapes of industry and technology.
Today, Crane Co. operates through several distinct business segments, each contributing to its robust revenue stream. The Aerospace & Electronics unit, renowned for its sophisticated systems and components, serves marquee clients in the aerospace industry. Meanwhile, the Process Flow Technologies and Payment & Merchandising Technologies divisions cater to industries requiring precision and reliability, from complex fluid handling in industrial processes to cashless payment solutions. By integrating advanced engineering with market-driven strategies, Crane Co. continues to bolster its global presence, capturing opportunities in both established markets and emerging sectors.
Strong Quarter: Crane delivered Q4 core sales growth of 5.4% and adjusted EPS of $1.53, up 21% year-over-year, beating expectations.
Margin Expansion: Adjusted segment margins improved in both core segments, with Aerospace & Advanced Technologies up 50 bps to 23.6% and Process Flow Technologies up 170 bps to 22%.
Acquisitions & Integration: Major acquisitions (Druck, Panametrics, Reuter-Stokes, and optek-Danulat) closed and are being integrated, expected to be slightly accretive to 2026 earnings.
2026 Guidance: Initial adjusted EPS guidance for 2026 is $6.55 to $6.75, implying 10% growth at the midpoint, with acquisitions contributing modestly and insurance benefits not repeating.
Segment Outlook: Aerospace & Advanced Technologies expected to deliver high-end growth (7–9%), with PFT starting cautiously (flat to low single digits) due to chemical market weakness.
Leadership Transition: Alex Alcala will take over as CEO in April 2026, with Max Mitchell moving to Executive Chairman for a transition period.
