CR earnings analysis
What we found in CR's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Crane Company reported a strong Q1 2026, with revenue increasing 24.9% year-over-year to $696.4 million, driven by acquisitions and core sales growth. Adjusted EPS beat estimates at $1.65, showing robust operational performance despite challenges in margins. The company raised its full-year EPS guidance, reflecting confidence in continued growth amid ongoing acquisitions.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth Surpassed Estimates
- Crane's revenue rose to $696.4 million, exceeding the estimated $674.0 million by 3.5%.
- Earnings Beat Expectations
- EPS of $1.65 outperformed the expected $1.45, a 13.8% surprise.
- Raised Full-Year EPS Guidance
- Management increased EPS guidance to $6.65–$6.85, up from $6.55–$6.75.
- Segment Performance Strong
- Aerospace & Advanced Technologies revenue grew 27.9% to $318.3 million, boosted by acquisitions.
- Core Sales Growth Achieved
- Core sales grew by 3.8%, contributing significantly to overall revenue.
- Improved Working Capital Situation
- Cash used in operating activities decreased by $16.7 million to $29.5 million compared to last year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Negative Free Cash Flow
- Free cash flow was negative $29.5 million, increasing concerns over liquidity.
- Rising Debt Levels
- Total debt increased significantly due to $1.36 billion in cash used for acquisitions.
- Declining Operating Margins
- Operating margin decreased to 14.4%, down from 18.1% year-over-year, primarily due to acquisition impacts.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.65
- Gross margin
- 41.4%
- Operating margin
- 14.4%
- Segment
- Aerospace & Advanced Technologies: $318.3M
- Segment
- Process Flow Technologies: $378.1M
What they said about what is next.
Management anticipates total sales growth in the low-to-mid 20%s driven by recent acquisitions.
The filing reads better than the one before it.
What came before.
- 10-K · February 26, 2026
- Crane Company (CR) presents a clear strategy to grow earnings and cash flow by focusing on highly engineered products where scale, proprietary technology and vertical expertise provide competitive advantage. Operational…
- 10-K · February 27, 2025
- Crane Company positions itself as a manufacturer of highly engineered components focused on aerospace, defense, space and process end markets and reports two operating segments: Aerospace & Electronics (A&E) and Process…
- 10-Q · October 31, 2024
- Crane Company posted a strong quarter: net sales of $597.2 million (Q3 2024) increased $67.1 million versus $530.1 million in Q3 2023, with operating profit rising to $105.2 million from $76.3 million and diluted EPS…
- 10-Q · May 1, 2024
- Crane Company reported revenue of $565.3 million for the quarter ended March 31, 2024, up from $513.8 million a year earlier, with operating profit rising to $89.4 million from $77.5 million and net income from…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing CR makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever