Crane Company (NYSE: CR) manufactures highly engineered components for aerospace, defense, space and process-industry end markets. Its recurring updates center on the Aerospace & Advanced Technologies and Process Flow Technologies platforms, including orders, backlog, margins, earnings guidance and demand trends across mission-critical applications.
Company news also covers portfolio actions and governance developments. Recent completed acquisitions added Druck, Panametrics, Reuter-Stokes and optek-Danulat to the business, while corporate updates address executive succession, dividend actions and acquisition-related financing effects within Crane’s broader industrial operating model.
Trillium Flow Technologies, backed by First Reserve, has signed a definitive agreement to sell its U.S. pumps business, Trillium Pumps US (TPU), to Crane Company (CR) for approximately $240 million.
TPU serves primarily municipal water and wastewater markets through the Floway, Wemco, Roto-Jet, and WSP brands, providing highly engineered, mission-critical pumping solutions supported by a large installed base and recurring service, repair, retrofit, and replacement demand. Trillium executives describe the sale as part of a disciplined portfolio strategy and emphasize continuity and a smooth transition for customers, employees, and other stakeholders. The transaction is expected to close later this year, subject to customary closing conditions and regulatory approvals.
Crane Company (CR) agreed to acquire the U.S. pump business of First Reserve-backed Trillium Flow Technologies for approximately $240 million, with closing expected in the fourth quarter subject to customary conditions and regulatory approvals.
The purchase price represents about 14.6x estimated 2026 adjusted EBITDA for the business. The acquisition adds well-known pump brands including Floway, Wemco, Roto-Jet and WSP, which are used primarily in U.S. municipal water and wastewater applications. The business has a large installed base that drives recurring demand for service, repair, retrofit and replacement over the lifecycle of its equipment. Crane’s CEO said the deal enhances the quality, durability and growth profile of the company’s Process Flow Technologies segment and increases exposure to resilient water and wastewater markets. The acquired business expects full-year revenue of approximately $115 million.
Crane (NYSE: CR) reported second quarter 2026 EPS from continuing operations of $1.63, up 19% year-over-year, and record adjusted EPS of $1.79, up 18%. Net sales rose 25.6% to $724.7 million, driven by 5.2% core growth, 19.8% from acquisitions and 0.6% from FX. Operating margin increased to 19.9%, with record adjusted operating margin of 21.3%. Free cash flow from continuing operations was $107.7 million, or $116.3 million on an adjusted basis. Aerospace & Advanced Technologies sales grew 31.3% with 13.3% core growth and a record $1.27 billion backlog, while Process Flow Technologies sales rose 20.9% mainly from acquisitions despite a 1.4% core sales decline. Crane raised full year 2026 adjusted EPS guidance to $6.85–$7.05 and declared a Q3 2026 dividend of $0.255 per share.
Crane Company (NYSE:CR) scheduled its second quarter 2026 earnings release and teleconference. The earnings release will be issued on July 28, 2026 after market close via public distribution and the company website.
The teleconference will be held on July 29, 2026 at 10:00 AM Eastern, with listen-only access, slides, and a web replay available on Crane’s website.
Crane (NYSE:CR) reported Q1 2026 GAAP EPS from continuing operations of $1.14 and record adjusted EPS of $1.65 (up 15% YoY). Net sales were $696.4M, up 24.9% driven by acquisitions, core sales +3.8% and FX +2.7%. The company raised full‑year adjusted EPS guidance to $6.65–$6.85 and declared a Q2 dividend of $0.255 per share.
Operating profit was $100.1M and adjusted operating profit was $137.8M. Cash was $355.4M with total debt of $1,198.2M as of March 31, 2026.
Crane Company (NYSE: CR) completed its CEO succession effective April 27, 2026. Alex Alcala has assumed the roles of President and Chief Executive Officer, succeeding Max Mitchell, who moved to Executive Chairman.
Mr. Alcala brings thirteen years at Crane and is described as having led strategy, portfolio strengthening, and disciplined execution; the board and outgoing CEO characterized the transition as seamless.
Crane Company (NYSE: CR) will release first quarter 2026 earnings April 27, 2026 after market close and host a teleconference on April 28, 2026 at 10:00 AM ET. The live call, listen-only, accompanying slides and a web replay will be available on the company website.
Federal Signal (NYSE: FSS) on Feb 26, 2026 appointed Richard A. Maue and Eric A. Vaillancourt to its board of directors, effective immediately.
Maue brings long-tenured finance leadership, serving as CFO and later executive roles at Crane since 2013. Vaillancourt adds CEO-level operating and commercial experience from Enpro since 2021.
NRG Energy (NYSE: NRG) appointed Sanjay Kapoor to its Board of Directors, effective February 3, 2026. Mr. Kapoor will serve on the Board’s Audit Committee and increases the Board to 11 members. The appointment adds industrial, aerospace, defense, global operations, and financial expertise to the Board.
Company leadership highlighted Kapoor’s decades of financial insight and public‑company oversight experience as strengthening Board oversight and supporting long‑term shareholder value.
Crane (NYSE: CR) reported a record 2025 with GAAP EPS up 23% and adjusted EPS up 24% year-over-year. Fourth-quarter 2025 net sales were $581.0M (+6.8%) with adjusted EPS from continuing operations of $1.53 (+21%). The company completed acquisitions of Druck, Panametrics, Reuter-Stokes and optek-Danulat (optek had 2025 sales of $40M). Crane initiated 2026 adjusted EPS guidance of $6.55–$6.75 (≈10% growth at midpoint), raised the 2026 dividend by 11% to $1.02, and reported pro forma net-debt-to-adjusted-EBITDA of 1.4x.