Q2 2026 Crane Co Earnings Call Transcript
Key Points
- Crane Co (CR) delivered record second-quarter results with a 5% core sales growth and strong operating leverage.
- The Aerospace and Advanced Technologies segment achieved 13% core sales growth, driven by strength in both commercial aerospace and defense markets.
- Total backlog increased 5% sequentially, providing visibility and confidence for the second half of the year.
- Recent acquisitions are contributing positively, with expectations to add approximately $0.20 per share to full-year earnings.
- Crane Co (CR) raised its full-year adjusted EPS outlook by $0.20 at the midpoint, reflecting strong first-half performance and confidence in future growth.
- Process Flow Technologies experienced a 1.4% decline in core sales, although acquisitions added growth.
- The adjusted segment margin for Aerospace and Advanced Technologies was slightly down due to the expected dilutive impact from the Druck acquisition.
- Core FX-neutral backlog at Process Flow Technologies decreased 2% compared to the prior year.
- The company faces temporary dilution from recent acquisitions, impacting short-term margins.
- Organic growth in Process Flow Technologies was negative, with expectations for improvement in the second half.
Welcome to the Crane Company's second-quarter 2026 earnings conference call. (Operator Instructions)
would now like to turn the call over to Allison Poliniak, Vice President of Investor Relations.
Thank you, Tasha, and good day, everyone. Welcome to our second-quarter 2026 earnings release conference call. I'm Allison Poliniak, Vice President of Investor Relations.
On our call this morning, we have Alex Alcala, President and Chief Executive Officer; and Rich Maue, our Executive Vice President and Chief Financial Officer; along with Jason Feldman, Senior Vice President, Treasury and Tax, who's on for Q&A. We will start off our call with a few prepared remarks from Alex and Rich, after which we will respond to your questions.
And just a reminder, the comments that we make on this call will include some forward-looking statements. We refer you to the cautionary language at the bottom of our earnings release and also in our annual report, 10-K and subsequent filings
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