Crane Company · CR · FY2026 Q2 · Calendar Q3 2026

Crane raises EPS outlook as backlog and acquisitions strengthen Q2

Crane's Q2 analysis supports a constructive operating picture: aerospace and defense demand, acquisition synergies and a nearly $1.3 billion backlog supported results, while Process Flow Technologies remains the key proof point for broader organic growth.

Reported After market closeNYSEIndustrials $11.45B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $1.79 Consensus $1.68
EPS surprise +6.5% Reported versus consensus
Reported revenue $724.7M Consensus $708.5M
Revenue surprise +2.3% Reported versus consensus

Market reaction

event-close to next-session close
Stock move -8.7% Event window
SPY move -1.5% Same window
Abnormal move -7.1% Stock minus SPY
Volume 2.5× Versus trailing sessions
Subsequent drift +1.4% Up to 20 sessions
CRSPY benchmark

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Transcript intelligence

What changed

The company reported record Q2 performance and raised full-year adjusted EPS guidance to $6.85-$7.05. Acquisition contribution is now expected at $0.20 per share, and management expects Process Flow Technologies to turn positive organically in the second half.

Guidance delta

Raised: full-year adjusted EPS guidance moved to $6.85-$7.05, and expected acquisition contribution increased to $0.20 per share from $0.15 previously.

Key takeaways

  • Core sales grew 5% and adjusted operating margin reached 21.3%.
  • Backlog reached nearly $1.3 billion, up 11% year over year on a core basis.
  • Recent acquisitions are delivering synergies ahead of schedule.
  • Aerospace, defense and cryogenic demand remained strong, while Process Flow Technologies was expected to improve in the second half.

Management priorities

  • Continue active M&A focused on mission-critical technologies.
  • Launch self-funded products beginning next year.
  • Expand nuclear services, including SMR and AP1000 capabilities.
  • Use capital for debt reduction, potential share repurchases and capacity expansion.

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Earnings History

Estimate Beat Miss Match
CR REVENUE earnings history estimate and actual scatter chart 10 reported fiscal quarters and 4 future estimate-only quarters. Q2 '24 estimate $568M Q2 '24 actual $581M, beat Q3 '24 estimate $584M Q3 '24 actual $597M, beat Q2 '25 estimate $579M Q2 '25 actual $577M, miss Q3 '25 estimate $579M Q3 '25 actual $589M, beat Q4 '25 estimate $571M Q4 '25 actual $581M, beat Q1 '26 estimate $673M Q1 '26 actual $696M, beat Q2 '26 estimate $708M Q2 '26 actual $725M, beat Q3 '26 estimate $737M Q3 '26 actual $757M, beat Q4 '26 estimate $734M Q1 '27 estimate $736M Q2 '27 estimate $763M Q3 '27 estimate $790M
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Analyst Consensus ?

ConsensusBuy28 ratings
Bullish2175.0%
Neutral725.0%
Bearish00.0%

Analyst 52W Price Targets

$198.02Current
$125Low
$216.6Average
$255High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 31, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Stifel Buy BuyMaintainOct 29, 2026
DA Davidson Buy BuyMaintainSep 15, 2026
B of A Securities Buy BuyMaintainAug 21, 2025
UBS Buy BuyMaintainJul 30, 2025
Deutsche Bank Buy BuyMaintainJun 10, 2025
Show 23 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $198.02. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
D.A. DavidsonAnalyst unavailable$255$203.12 +28.8%Oct 29, 2026
Stifel NicolausNathan Jones$247$198.42 +24.7%Oct 29, 2026
Deutsche BankAnalyst unavailable$240$203.81 +21.2%Sep 1, 2026
D.A. DavidsonAnalyst unavailable$245$212.48 +23.7%Jul 30, 2026
Stifel NicolausNathan Jones$242$217.49 +22.2%Jul 20, 2026
See 15 more

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Company context

Snapshot as of publication

Established in 1855 in Stamford, Connecticut, Crane Company, formerly known as Crane Holdings, Co., is a global industrial manufacturer and distributor of specialized engineered products. Operating across the Americas, Europe, the Middle East, Asia, and Australia, the company is structured into four main business divisions. The Aerospace & Electronics segment provides critical components and integrated systems, including both original equipment and aftermarket parts, primarily to commercial and military aerospace, defense, and space exploration markets. This encompasses products like pressure sensors for aircraft engine control, braking systems for fighter jets, power conversion solutions for spacecraft, and lubrication systems.…

Historical context

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Sources

  1. Earnings call transcript and parsed analysis · 2026-07-29T18:05:06.687838+00:00
  2. FN2 earnings calendar · 2026-09-02T01:23:14.593608+00:00
  3. Polygon adjusted daily market bars · 2026-10-31T17:40:39.201107+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-31T17:40:39.198359+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-31. For educational purposes only; not investment advice.