Company Reports

Crane's second-quarter adjusted EPS of $1.79 came in $0.12 above the FactSet consensus estimate. Core sales increased by 5.2% from the prior-year period, driven by 13.3% growth in aerospace and advanced technologies, which was partially offset by a 1.4% decline in process flow technologies.

We think Crane owns a portfolio of moaty businesses that tend to be leaders in their niche markets, typically holding the number-one or number-two market share position. Crane manufactures highly engineered products that often perform a mission-critical function. Roughly 40% of its sales come from the aftermarket.

Crane started 2026 with a strong first quarter, as its adjusted EPS of $1.65 easily beat the FactSet consensus estimate by $0.20.

We think Crane owns a portfolio of moaty businesses that tend to be leaders in their niche markets, typically holding the number-one or number-two market share position. Crane manufactures highly engineered products that often perform a mission-critical function. Roughly 40% of its sales come from the aftermarket.

In recent years Crane has shifted its process flow technologies portfolio toward more differentiated solutions in end markets such as water and wastewater, chemical and pharma, and industrial automation.

We think Crane owns a portfolio of moaty businesses that tend to be leaders in their niche markets, typically holding the number-one or number-two market share position. Crane manufactures highly engineered products that often perform a mission-critical function. Roughly 40% of its sales come from the aftermarket.

Crane's fourth-quarter adjusted EPS of $1.53 beat the FactSet consensus estimate by $0.12. Despite the earnings beat, the stock plummeted by over 10% amid a slowdown in process flow technologies orders.

We think Crane owns a portfolio of moaty businesses that tend to be leaders in their niche markets, typically holding the number-one or number-two market share position. Crane manufactures highly engineered products that often perform a mission-critical function. Roughly 40% of its sales come from the aftermarket.

Crane's third-quarter adjusted EPS increased by 27% year over year to $1.64. Following another quarter of strong performance, management raised its 2025 guidance for the second time this year and now expects full-year adjusted EPS of $5.75-$5.95, up from $5.50-$5.80 previously.

We think Crane owns a portfolio of moaty businesses that tend to be leaders in their niche markets, typically holding the number-one or number-two market share position. Crane manufactures highly engineered products that often perform a mission-critical function. Roughly 40% of its sales come from the aftermarket.

Crane increased its second-quarter adjusted earnings per share by 24% year over year to $1.49. After a solid second quarter, management raised its 2025 outlook and now expects full-year adjusted EPS of $5.50-$5.80, up from $5.30-$5.60 previously.

We think Crane owns a portfolio of moaty businesses that tend to be leaders in their niche markets, typically holding the number-one or number-two market share position. Crane manufactures highly engineered products that often perform a mission-critical function. Roughly 40% of its sales come from the aftermarket.

We think Crane owns a portfolio of moaty businesses that tend to be leaders in their niche markets, typically holding the number-one or number-two market share position. Crane manufactures highly engineered products that often perform a mission-critical function. Roughly 40% of its sales come from the aftermarket.

We are raising our fair value estimate for narrow-moat-rated Crane to $161 from $157 following the company's announcement that it has agreed to acquire Baker Hughes' precision sensors and instrumentation business for $1.06 billion. The acquisition price reflects a multiple of approximately 17.7 times 2025 EBITDA, which we believe is reasonable considering the company's mid-single-digit revenue growth profile and its approximately 35% incremental operating margins. Crane's management expects the acquisition to reach a 10% ROIC by year five.

Narrow-moat-rated Crane started the year with a solid first quarter, as its adjusted EPS of $1.39 beat the FactSet consensus estimate by $0.08, sending shares up by over 6% in intraday trading on April 29. We’ve raised our fair value estimate to $157 from $152, which reflects the firm’s strong first-quarter results as well as time value of money.

We think Crane owns a portfolio of moaty businesses that tend to be leaders in their niche markets, typically holding the number-one or number-two market share position. Crane manufactures highly engineered products that often perform a mission-critical function. Roughly 40% of its sales come from the aftermarket.

We think Crane owns a portfolio of moaty businesses that tend to be leaders in their niche markets, typically holding the number-one or number-two market share position. Crane manufactures highly engineered products that often perform a mission-critical function. Roughly 40% of its sales come from the aftermarket.

Narrow-moat-rated Crane ended 2024 in strong fashion, as its full-year adjusted EPS of $4.88 beat our estimate by $0.08. After rolling our model forward one year, we've raised our fair value estimate to $152 per share from $143, driven by our slightly more optimistic long-term profitability assumptions and time value of money.

We are maintaining our $143 per share fair value estimate for Crane after the company announced an agreement to sell its engineered materials business to private equity firm KPS Capital Partners for $227 million. We believe the divestment makes sense from a strategic perspective, as it will further simplify Crane’s portfolio and allow management to focus on growing the two remaining core segments.

Following the separation of the payment and merchandising technologies business as Crane NXT in April 2023, Crane’s portfolio consists of the aerospace and electronics, process flow technologies, and engineered materials segments. We think Crane owns a portfolio of moaty businesses that tend to be leaders in their niche markets, typically holding the number-one or number-two market share position. Crane manufactures highly engineered products that often perform a mission-critical function. Roughly 40% of its sales come from the aftermarket.