Every material Form 8-K Crane has filed with the SEC since October 28, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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
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.
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).
Crane Company reported first-quarter 2026 results on April 27, 2026, with net sales up 24.9% to $696.4 million, mostly from acquisitions. GAAP EPS from continuing operations fell 15% to $1.14, as acquisition transaction costs and amortization weighed on operating profit, while adjusted EPS rose 15% to $1.65. The company raised its full-year adjusted EPS outlook to $6.65-$6.85, which signals higher expected earnings for shareholders, though GAAP profit and free cash flow declined.
Net sales rose 24.9% to $696.4 million, including 18.3% from acquisitions and 3.8% core sales growth.
GAAP EPS from continuing operations was $1.14, down from $1.34; adjusted EPS was $1.65, up from $1.43.
Full-year adjusted EPS outlook raised to $6.65-$6.85 from $6.55-$6.75.
Free cash flow was negative $40.2 million; a $0.255 per share dividend is payable June 10, 2026 to holders of record May 29, 2026.
Crane Company's board named Alejandro (Alex) Alcala, currently Executive Vice President and Chief Operating Officer, as President and Chief Executive Officer, effective April 27, 2026. Current CEO Max Mitchell will remain on the board as Executive Chairman. The filing also sets new 2026 pay terms for both executives, which shareholders can review as part of the leadership transition.
Alex Alcala becomes President and CEO effective April 27, 2026; his 2026 base salary rises to $950,000 and target cash incentive to 110% of salary.
Max Mitchell continues as Executive Chairman; his 2026 base salary falls to $900,000, with target cash incentive at 110% of salary.
On January 26, 2026, Alcala received 2026 long-term incentive awards of $4.15 million and Mitchell received $3.25 million.
Long-term awards are 55% performance-based restricted share units tied to relative total shareholder return over three years, 25% stock options and 20% time-based restricted share units, vesting over four years for options and RSUs.
Crane reported fourth-quarter 2025 sales of $581.0 million, up 6.8%, with GAAP earnings per diluted share from continuing operations of $1.39, up from $1.20 a year earlier. The company also initiated 2026 adjusted EPS guidance of $6.55 to $6.75 and said Executive Vice President and COO Alex Alcala will succeed Max Mitchell as President and CEO on April 27, 2026, with Mitchell becoming Executive Chairman.
Q4 2025 sales $581.0 million, up 6.8%; GAAP EPS from continuing operations $1.39 vs. $1.20; adjusted EPS $1.53 vs. $1.26
2026 adjusted EPS outlook of $6.55 to $6.75, about 10% growth at the midpoint versus 2025 on a comparable basis
Alex Alcala to become President and CEO effective April 27, 2026; Max Mitchell to become Executive Chairman
Quarterly dividend raised 11% to $0.255 per share, payable March 11, 2026
Crane Company completed its purchase of Precision Sensors & Instrumentation (PSI) from Baker Hughes on January 1, 2026, under a purchase agreement dated June 6, 2025. The filing states a purchase price of $1,060 million, before contractual adjustments for working capital, cash acquired and certain transaction costs. Crane said it will discuss the acquisition on its fourth quarter 2025 earnings call on January 27, 2026.
Acquisition completed January 1, 2026; the Company acquired 100% of PSI through Panametrics, LLC
Purchase price of $1,060 million, after adjusting for expected tax benefits with a net present value of approximately $90 million
Sellers were Baker Hughes Holdings LLC and Bently Nevada, LLC
Fourth quarter 2025 earnings release set for January 26, 2026; teleconference January 27, 2026 at 10:00 AM Eastern
Crane Company reported third quarter 2025 GAAP EPS from continuing operations of $1.56, up 25%, and adjusted EPS of $1.64, up 27%, on sales of $589.2 million, up 7.5%. The company raised and narrowed its full-year adjusted EPS outlook to $5.75-$5.95 from $5.50-$5.80, which management said reflects 20% growth at the midpoint over 2024.
Q3 2025 GAAP EPS from continuing operations was $1.56 versus $1.25 a year earlier; adjusted EPS was $1.64 versus $1.29.
Net sales were $589.2 million, up 7.5%, including 5.6% core sales growth; backlog was $1,437.1 million at September 30, 2025.
Full-year adjusted EPS outlook raised to $5.75-$5.95 from $5.50-$5.80; the company declared a fourth quarter dividend of $0.23 per share.
Crane Company entered into a new credit agreement on September 30, 2025, providing a $900 million delayed draw term loan and a $900 million revolving facility, both maturing September 30, 2030. The term loan is intended to help fund the previously announced acquisition of Precision Sensors & Instrumentation, and the new agreement replaces the company's existing March 17, 2023 credit agreement, which was terminated and repaid.
Term Facility: $900 million delayed draw term loan maturing September 30, 2030, available to fund the Precision Sensors & Instrumentation acquisition together with cash on hand
Revolving Facility: $900 million committed revolver maturing September 30, 2030
Borrowing margins range from 1.50% to 2.25% over benchmark rates, based on the consolidated total net leverage ratio
Existing credit agreement dated March 17, 2023 was terminated and all outstanding obligations repaid
Crane Company reported second quarter 2025 sales of $577.2 million, up 9.2%, and GAAP earnings per diluted share from continuing operations of $1.37, up 20% from $1.14 a year earlier. The company raised its full-year 2025 adjusted EPS outlook to $5.50-$5.80 from $5.30-$5.60, citing strong orders and backlog growth at its Aerospace & Electronics segment.
Q2 adjusted EPS from continuing operations was $1.49, up 24% from $1.20; GAAP EPS from continuing operations was $1.37, up 20%.
Core order growth was 19.6% and core backlog growth was 18.2%; total backlog reached $1,455.9 million at June 30, 2025.
Full-year adjusted EPS outlook raised to $5.50-$5.80 from $5.30-$5.60; the company also declared a $0.23 per share third quarter dividend payable September 10, 2025.
Agreement to acquire Precision Sensors & Instrumentation from Baker Hughes, announced June 9, 2025, is expected to close at year-end.
Crane Company agreed on June 6, 2025 to acquire Precision Sensors & Instrumentation from Baker Hughes and Bently Nevada for $1,060 million after adjusting for expected tax benefits with a net present value of approximately $90 million. The deal is subject to regulatory approvals and customary closing conditions, with closing expected at the end of 2025 or early 2026, and Crane plans to fund it with cash on hand and additional debt.
Purchase price of $1,060 million, after adjusting for expected tax benefits with a net present value of approximately $90 million
PSI is expected to have 2025 sales of approximately $390 million and adjusted EBITDA of approximately $60 million
Crane estimates net debt to adjusted EBITDA of approximately 1x after the acquisition
Closing expected at the end of 2025 or early 2026, subject to regulatory approvals
Crane reported first quarter 2025 GAAP EPS from continuing operations of $1.34, up from $1.02 a year earlier, and adjusted EPS of $1.39, up from $1.12. Sales rose 9.3% to $557.6 million, and the company reaffirmed its full-year 2025 adjusted EPS outlook of $5.30-$5.60, while noting that the rest of the year is likely to unfold differently than it had anticipated.
GAAP EPS from continuing operations $1.34 vs. $1.02; adjusted EPS $1.39 vs. $1.12 in Q1 2024
Net sales $557.6 million, up 9.3%, including 7.5% core sales growth
Full-year 2025 adjusted EPS outlook of $5.30-$5.60 reaffirmed, not changed
Quarterly dividend of $0.23 per share, payable June 11, 2025 to holders of record as of May 30, 2025
Crane Company reported fourth quarter 2024 results on January 27, 2025. GAAP earnings per diluted share from continuing operations rose 58% to $1.20, and sales rose 12% to $544 million. The company also initiated 2025 adjusted EPS guidance of $5.30-$5.60, which it says reflects 12% growth at the midpoint, and raised its annual dividend by 12% to $0.92 per share.
Q4 2024 GAAP EPS from continuing operations was $1.20, versus $0.76 a year earlier; adjusted EPS was $1.26, versus $0.80.
Q4 sales were $544 million, up 12%, with 8% core sales growth; operating profit was $86 million, up 38%.
2025 adjusted EPS outlook is $5.30-$5.60; the first quarter 2025 dividend is $0.23 per share, payable March 12, 2025.
The Engineered Materials divestiture was completed January 2, 2025, with net proceeds of $208 million received.
Crane Company promoted Alejandro (Alex) Alcala to Chief Operating Officer, effective immediately on December 9, 2024. In the new role he will oversee all Crane business segments and the Crane Business System organization, and his annual base salary rose by $55,000 to $700,000.
Promotion to Chief Operating Officer effective immediately, announced December 9, 2024
Annual base salary increased by $55,000 to $700,000; he remains eligible for executive benefit plans and annual awards
Alcala joined Crane in 2013 and was promoted to Executive Vice President in February 2023 with segment leadership for all businesses
Crane Company reported third quarter 2024 results on October 28, 2024, with GAAP earnings per diluted share of $1.33, up from $0.96, and sales of $597 million, up 13%. The company raised and narrowed its full-year 2024 adjusted EPS outlook to $5.05-$5.20 from $4.95-$5.15, but said it now expects free cash flow at the lower end of its $255-$275 million range.
Q3 GAAP EPS of $1.33 vs. $0.96 a year earlier; adjusted EPS of $1.38 vs. $1.03.
Q3 sales of $597 million, up 13%, including 6% core sales growth.
Full-year adjusted EPS outlook raised to $5.05-$5.20 from $4.95-$5.15.
Full-year free cash flow now expected at the lower end of $255-$275 million, citing working capital and hurricane-related insurance timing; Hurricane Helene affected a Marion, North Carolina facility.
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