Description

The Crane Company’s $1.3 Billion Backlog: Can Aerospace Keep Accelerating?

The Crane Company reported its second quarter of fiscal year 2026, highlighting a record performance driven by a 26% increase in total sales and 5% core sales growth. This growth was underpinned by continued strong demand, operational execution, and the contribution from four recent acquisitions—Panametrics, Druck, Reuter-Stokes, and optek—that outperformed expectations. The company noted that these acquisitions contributed approximately 20% of sales growth for the quarter and that integration and synergy realization have proceeded ahead of plan, leading to an increased full-year adjusted earnings per share (EPS) contribution estimate from $0.15 to $0.20. The Aerospace & Advanced Technologies (AAT) segment demonstrated particularly robust results, with core sales growth of 13% and a record backlog of nearly $1.3 billion, up 11% year-over-year and 7% sequentially on a core basis.