Oct 27, 4:29 PM ET
Crane Company reported third-quarter 2026 sales of $754.6 million, up 28.1%, and GAAP EPS from continuing operations of $1.66, up from $1.56 a year earlier. Adjusted EPS was $2.05, up from $1.67, and the company raised its full-year adjusted EPS outlook to $7.23-$7.38 from $6.85-$7.05. Shareholders also get a larger picture: GAAP operating profit rose 18.8%, but the operating margin fell 150 basis points, and Crane agreed to sell its UK-based Crane Building Services & Utilities business.
- Third-quarter net sales were $754.6 million, up 28.1%, with core sales up 7.7% and acquisitions contributing 21.1%.
- GAAP EPS from continuing operations was $1.66 versus $1.56; adjusted EPS was $2.05 versus $1.67.
- Full-year 2026 adjusted EPS outlook raised and narrowed to $7.23-$7.38 from $6.85-$7.05.
- Agreement to divest Crane Building Services & Utilities for £230 million, with closing expected early in 2027.
Read the filing on SEC.gov ↗
Sep 29, 4:59 PM ET
Crane Company's Board accepted the resignation of Lead Independent Director James L. L. Tullis under the company's director retirement policy, effective at the conclusion of the 2027 Annual Meeting of Stockholders. The filing says the departure was not due to any disagreement with the company on operations, policies, or practices, and the Board will begin searching for a successor to the Lead Independent Director role.
- Board accepted Tullis's resignation at a regularly scheduled meeting on September 27, 2026
- Resignation is effective at the conclusion of the 2027 Annual Meeting of Stockholders
- Filing states the retirement was not the result of any disagreement with the company
- Board will begin a process to identify a successor Lead Independent Director
Read the filing on SEC.gov ↗
Jul 28, 4:28 PM ET
Crane Company reported second quarter 2026 results on July 28, 2026, with GAAP EPS from continuing operations of $1.63, up from $1.37, and record adjusted EPS of $1.79, up from $1.52. Net sales rose 25.6% to $724.7 million, with 5.2% core growth and 19.8% from acquisitions, and the company raised its full-year adjusted EPS outlook to $6.85-$7.05 from $6.65-$6.85. Adjusted results exclude tariff refunds, and the filing notes that acquisitions drove much of the sales growth.
- Q2 GAAP EPS from continuing operations was $1.63 versus $1.37 a year earlier; adjusted EPS was a record $1.79 versus $1.52.
- Net sales were $724.7 million, up 25.6%: 5.2% core growth, 19.8% from acquisitions and 0.6% from foreign exchange.
- Full-year 2026 adjusted EPS outlook raised to $6.85-$7.05 from $6.65-$6.85.
- Quarterly dividend of $0.255 per share is payable September 9, 2026 to shareholders of record as of August 31, 2026.
Read the filing on SEC.gov ↗
Apr 27, 5:19 PM ET
Crane Company completed its previously announced CEO succession effective April 27, 2026. Alex Alcala, previously Executive Vice President and Chief Operating Officer, became President and Chief Executive Officer, and Max Mitchell moved to Executive Chairman while remaining on the Board. The filing covers leadership changes only and includes no financial results or guidance.
- Alex Alcala became President and CEO effective April 27, 2026, succeeding Max Mitchell.
- Max Mitchell continues as Executive Chairman and remains on the Board of Directors.
- Alcala was also appointed to the Board and the Executive Committee, effective April 27, 2026.
- Alcala has 13 years of experience at Crane, according to the press release (Exhibit 99.1).
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
