Crane Company Reports Third Quarter 2026 Results, Raises and Narrows Full Year Adjusted EPS Guidance

Alex Alcala, President and Chief Executive Officer of Crane Company

“We delivered another exceptional quarter, with strong performance across both AAT and PFT. AAT continued its strong momentum with 9.5% core sales growth, while PFT delivered 6.2% core sales growth and particularly strong core order growth of 19.7%. The strengthening performance in PFT, continued momentum in AAT, and significant outperformance from our recent acquisitions drove record adjusted EPS of $2.05, setting us up for a record full-year outlook.”

Alex Alcala, President and Chief Executive Officer of Crane Company

“We enter the fourth quarter with strong momentum across both segments and are increasingly well positioned as we look toward 2027. With core backlog up 9%, strong PFT order trends, sustained momentum in AAT and recent acquisitions performing significantly ahead of our expectations, we are raising and narrowing our full-year adjusted EPS guidance to $7.23-$7.38.”

Alex Alcala, President and Chief Executive Officer of Crane Company

“At the same time, we continue to take decisive actions to improve the quality of the PFT portfolio. We recently signed an agreement to divest Crane Building Services & Utilities for £230 million. This divestiture, together with the recently announced agreement to acquire the U.S. water and wastewater pump business of Trillium Flow Technologies, represents important steps in our ongoing transformation of PFT. While Crane Building Services & Utilities is a strong business, its focus is no longer aligned with the strategic direction of our PFT portfolio. These actions further concentrate PFT around highly engineered, mission-critical products and technologies serving attractive and durable growth markets, including pharmaceuticals, water and wastewater, power, cryogenics and nuclear. Both transactions are subject to customary approvals, with the acquisition of the U.S. water and wastewater pump business of Trillium Flow Technologies expected to close in Q4 and the divestiture of Crane Building Services & Utilities expected to close early in 2027.”