Crane Co. CR Form 8-K filing Earnings

Exhibit 99.1

Crane Company Reports Second Quarter 2026 Results and Raises Full Year Adjusted EPS Guidance Second Quarter 2026 Highlights

• Earnings per diluted share (EPS) from continuing operations of $1.63, up 19% compared to a year ago, and adjusted EPS from continuing operations a record $1.79, up 18%.
• Total sales of $724.7 million increased 25.6% compared to the prior year, including 5.2% core growth.
• Continued strong broad-based demand at Aerospace & Advanced Technologies (AAT) with 13.3% core sales growth together with record backlog of $1.27 billion, up 11% year-over-year on a core basis.
• Total company core backlog increased 5% sequentially, up 7% and 2% sequentially for AAT and Process Flow Technologies (PFT), respectively.
• Operating margin of 19.9%, up 210bps compared to a year ago, and record adjusted operating margin of 21.3%, up 180bps year-over-year.
• Acquisitions performing ahead of expectations, delivering stronger growth and margin expansion.
• Declaring third quarter 2026 regular dividend of $0.255 per share.

Full Year Outlook

• Raising full year adjusted EPS outlook to a range of $6.85-$7.05 from $6.65-$6.85.

STAMFORD, CONNECTICUT - July 28, 2026 - Crane Company ("Crane," NYSE: CR) today announced its financial results for the second quarter of 2026 and raised its full year adjusted EPS outlook.

Alex Alcala, Crane's President and Chief Executive Officer, stated: "We delivered record quarterly results which exceeded our expectations, reflecting strong execution across the company. Aerospace & Advanced Technologies generated better-than-expected growth, demand at Process Flow Technologies remained stable, and all four recent acquisitions are performing ahead of plan. Combined with 5% core sales growth and strong operating leverage across all businesses, these results underscore the quality of our portfolio and the effectiveness of our operating model.

As we look ahead, we remain confident in our ability to continue to drive significant shareholder value by outgrowing our markets, driving further margin expansion, and deploying capital to acquire businesses that enhance our portfolio. Based on our strong performance and outlook for the remainder of the year, we are increasing our full year adjusted EPS guidance to a range of $6.85-$7.05.”

Second Quarter 2026 Results

Second quarter 2026 GAAP EPS from continuing operations of $1.63 compared to $1.37 in the second quarter of 2025. Second quarter 2026 adjusted EPS from continuing operations of $1.79 compared to $1.52 in the second quarter of 2025.

Second quarter sales increased 25.6% year-over-year, with 5.2% core sales growth, a 19.8% contribution from acquisitions and a 0.6% benefit from foreign exchange. Operating profit of $144.3 million increased 40.2% compared to last year, reflecting strong operating performance across the business. Adjusted operating profit of $154.3 million increased 37.3%.

Note that adjusted EPS and adjusted operating profit excludes all benefit from tariff recoveries. (Please see the attached non-GAAP Financial Measures tables.)

Cash Flow, Financing Activities and Other Financial Metrics

During the second quarter of 2026, cash generated from operating activities from continuing operations was $122.3 million, capital expenditures were $14.6 million, and free cash flow (cash provided by operating activities less capital expenditures) was $107.7 million. Adjusted free cash flow from continuing operations was $116.3 million. (Please see the attached non-GAAP Financial Measures tables.)

As of June 30, 2026, the Company's cash balance was $350.4 million with total debt outstanding of $1,098.4 million. Subsequent to quarter-end, the company repaid an additional $90 million of debt.

Second Quarter 2026 Segment Results

All comparisons detailed in this section refer to operating results for the second quarter 2026 versus the second quarter 2025.

Aerospace & Advanced Technologies

Sales of $339.1 million increased 31.3% compared to the prior year, driven by 13.3% core sales growth, a 17.8% contribution from the acquisition of Druck, and a 0.2% benefit from favorable foreign exchange. Operating profit margin of 26.2% declined 10 basis points year-over-year, primarily reflecting favorable net price, higher volumes and tariff recoveries, offset by the expected dilution from Druck. Adjusted operating profit margin of 25.8% declined 80 basis points compared to a year ago, primarily reflecting favorable net price and higher volumes that were more than offset by the expected dilution from Druck.

Sales of $385.6 million increased 20.9% compared to the prior year primarily driven by a 21.5% contribution from the previously announced acquisitions of optek-Danulat, Panametrics, and Reuter-Stokes, and a 0.8% benefit from favorable foreign exchange offset by a 1.4% core sales decline. Operating profit margin of 21.2% expanded 120bps compared to the prior year reflecting strong productivity and tariff recoveries, partially offset by lower volumes and the expected dilution from the acquisitions. Adjusted operating profit margin was 22.2%, up 80 basis points compared to a year ago, reflecting strong productivity, partially offset by lower volumes and the expected dilution from the acquisitions.

Raising 2026 Guidance

We are raising our full year adjusted EPS outlook to $6.85-$7.05 from $6.65-$6.85.

Key assumptions for our guidance:

• Total sales are now expected to grow in the mid-20% range, up from our prior guidance of low-to-mid-20%, driven by acquisitions and core sales growth of 5-6%, which is now expected to be at the high end of our prior 4-6% guidance range.
• Adjusted segment operating margin of 23.0%+, up from our prior view of ~23.0%.
• Corporate cost of approximately $80-$85 million.
• Net non-operating expense of approximately $58 million.
• Adjusted tax rate of approximately 23.0%.
• Diluted shares of ~59 million.

Additional details of our outlook and guidance are included in the presentation that accompanies this earnings release available on our website at www.craneco.com in the "investors" section.

Declaring Third Quarter Dividend

Crane announced its regular quarterly dividend of $0.255 per share for the third quarter of 2026. The dividend is payable on September 9, 2026 to shareholders of record as of August 31, 2026.

Additional Information

References to changes in “core sales” or "core sales growth" in this report include the change in sales excluding the impact of foreign currency translation, as well as acquisitions and divestitures from the date of closing up to the first anniversary of such acquisitions or divestitures.

References to changes in “core backlog” or "core backlog growth" in this report include the change in backlog excluding the impact of foreign currency translation, as well as acquisitions and divestitures from the date of closing up to the first anniversary of such acquisitions or divestitures.

Conference Call

Crane has scheduled a conference call to discuss the second quarter financial results on Wednesday, July 29, 2026 at 10:00 A.M. (Eastern). All interested parties may listen to a live webcast of the call at www.craneco.com. An archived webcast will also be available to replay this conference call directly from the Company’s website under Investors, Events & Presentations. Slides that accompany the conference call will be available on the Company’s website.

About Crane Company

Crane Company has delivered innovation and technology-led solutions for customers since its founding in 1855. Today, Crane is a leading manufacturer of highly engineered components for challenging, mission-critical applications focused on the aerospace, defense, space and process industry end markets. The Company has two strategic growth platforms: Aerospace & Advanced Technologies and Process Flow Technologies. Crane has approximately 8,300 employees in the Americas, Europe, the Middle East, Asia and Australia. Crane Company is traded on the New York Stock Exchange (NYSE: CR). For more information, visit www.craneco.com.

Interest income $2.1 $2.9 $3.7 $6.1 Interest expense (16.6) (4.3) (33.4) (8.8) Miscellaneous (expense) income, net (1.8) 3.1 (1.6) 2.1 Income from continuing operations before income taxes 128.0 104.6 213.1 203.4 Provision for income taxes 32.1 24.3 50.1 44.8 Net income from continuing operations attributable to common shareholders 95.9 80.3 163.0 158.6 Income from discontinued operations, net of tax — 6.1 — 34.9 Net income attributable to common shareholders $95.9 $86.4 $163.0 $193.5 Earnings per diluted share from continuing operations $1.63 $1.37 $2.78 $2.71 Earnings per diluted share from discontinued operations — 0.10 — 0.60 Earnings per diluted share $1.63 $1.47 $2.78 $3.31 Average diluted shares outstanding 58.7 58.5 58.7 58.5 Average basic shares outstanding 57.7 57.5 57.7 57.4 | Supplemental data: | | | | | Cost of sales $417.2 $334.9 $832.3 $654.9 Engineering, selling and administrative 163.2 139.4 344.4 275.9 Transaction related expenses (a) 12.8 4.6 34.4 6.8 Repositioning related charges, net (a) (0.2) 1.3 — 1.4 Depreciation and amortization (a) 27.4 13.1 55.5 25.6 Stock-based compensation expense (a) 3.9 10.6 12.3 19.9 | (a) Amounts included within Cost of sales and/or Engineering, selling & administrative costs. | | | | |

CRANE COMPANY Condensed Balance Sheets

(unaudited, in millions)

CRANE COMPANY Condensed Statements of Cash Flows

(unaudited, in millions)

CRANE COMPANY Order Backlog

(unaudited, in millions)

(a) Includes $100.2 million, of backlog as of June 30, 2026, pertaining to the Druck acquisition.

(b) Includes $230.9 million, of backlog as of June 30, 2026, pertaining to the Panametrics, Reuter-Stokes and optek-Danulat acquisitions.

CRANE COMPANY Non-GAAP Financial Measures

(unaudited, in millions, except per share data)

CRANE COMPANY

Non-GAAP Financial Measures

(in millions, except per share data)

CRANE COMPANY Non-GAAP Financial Measures by Segment

(unaudited, in millions)

CRANE COMPANY

Non-GAAP Financial Measures by Segment

(in millions)

CRANE COMPANY Adjusted Free Cash Flow

(unaudited, in millions, except per share data)

Crane Company reports its financial results in accordance with U.S. generally accepted accounting principles (“GAAP”). This press release includes certain non-GAAP financial measures, including adjusted operating profit, adjusted operating profit margin, adjusted tax rate, adjusted net income, adjusted EPS, adjusted EBITDA, Free Cash Flow and Adjusted Free Cash Flow, that are not prepared in accordance with GAAP. These non-GAAP measures are an addition, and not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP and should not be considered as an alternative to operating income, net income or any other performance measures derived in accordance with GAAP. We believe that these non-GAAP measures of financial results (including on a forward-looking or projected basis) provide useful supplemental information to investors about Crane Company. Our management uses certain forward looking non-GAAP measures to evaluate projected financial and operating results. However, there are a number of limitations related to the use of these non-GAAP measures and their nearest GAAP equivalents. For example, other companies may calculate non-GAAP measures differently or may use other measures to calculate their financial performance, and therefore our non-GAAP measures may not be directly comparable to similarly titled measures of other companies.

Reconciliations of certain forward-looking and projected non-GAAP measures for Crane Company, including Adjusted EPS, and Adjusted segment margin to the closest corresponding GAAP measure are not available without unreasonable efforts due to the high variability, complexity and low visibility with respect to the charges excluded from these non-GAAP measures, which could have a potentially significant impact on our future GAAP results. For Crane Company, these forward looking and projected non-GAAP measures are calculated as follows:

• "Adjusted segment operating margin" is calculated as adjusted segment operating profit divided by segment sales. Adjusted segment operating profit is calculated as operating profit excluding corporate costs and before Special Items which include acquisition-related intangible amortization, transaction related expenses, tariff refunds and repositioning related charges. We believe that non-GAAP financial measures that exclude these items provide investors with an alternative metric that can assist in predicting future earnings and profitability that are complementary to GAAP metrics.
• "Adjusted Tax Rate" is calculated as tax excluding the impact from items which are outside of our core performance, some of which may or may not be non-recurring, and which we believe may complicate the presentation of the Company’s underlying earnings divided by "Adjusted Net Income".
• "Adjusted EPS" is calculated as adjusted net income divided by diluted shares. Adjusted net income is calculated as net income adjusted for Special Items which include transaction related expenses such as professional fees, and incremental costs related to acquisitions; repositioning related charges; acquisition-related intangible amortization; tariff refunds and, the impact of pension non-service costs. We believe that non-GAAP financial measures adjusted for these items provide investors with an alternative metric that can assist in predicting future earnings and profitability that are complementary to GAAP metrics.

We believe that each of the following non-GAAP measures provides useful information to investors regarding the Company’s financial conditions and operations:

• "Adjusted Operating Profit" and "Adjusted Operating Margin" add back to Operating Profit items which are outside of our core performance, some of which may or may not be non-recurring, and which we believe may complicate the interpretation of the Company’s underlying earnings and operational performance. These items include income and expense such as: acquisition-related intangible amortization, transaction related expenses, tariff refunds and repositioning related (gains) charges. These items are not incurred in all periods, the size of these items is difficult to predict, and none of these items are indicative of the operations of the underlying businesses. We believe that non-GAAP financial measures that exclude these items provide investors with an alternative metric that can assist in predicting future earnings and profitability that are complementary to GAAP metrics.
• "Adjusted Net Income" and "Adjusted EPS" exclude items which are outside of our core performance, some of which may or may not be non-recurring, and which we believe may complicate the presentation of the Company’s underlying earnings and operational performance. These measures include income and expense items that impacted Operating Profit such as: acquisition-related intangible amortization, transaction related expenses, tariff refunds and repositioning related (gains) charges. Additionally, these non-GAAP financial measures exclude income and expense items that impacted Net Income and Earnings per Diluted Share such as the impact of pension non-service costs. These items are not incurred in all periods, the size of these items is difficult to predict, and none of these items are indicative of the operations of the underlying businesses. We believe that non-GAAP financial measures that exclude these items provide investors with an alternative metric that can assist in predicting future earnings and profitability that are complementary to GAAP metrics.
• "Adjusted EBITDA" adds back to net income: net interest expense, income tax expense, depreciation and amortization, miscellaneous (income) expense, net, and items outside of our core performance such as transaction related expenses and tariff refunds. "Adjusted EBITDA Margin" is calculated as adjusted EBITDA divided by net sales. We believe that adjusted EBITDA and adjusted EBITDA margin provide investors with an alternative metric that may be a meaningful indicator of our performance and provides useful information to investors regarding our financial conditions and results of operations that is complementary to GAAP metrics.
• “Free Cash Flow” and “Adjusted Free Cash Flow from continuing operations” provide supplemental information to assist management and investors in analyzing the Company’s ability to generate liquidity from its operating activities. The measure of free cash flow does not take into consideration certain other non-discretionary cash requirements such as, for example, mandatory principal payments on the Company’s long-term debt. Free Cash Flow is calculated as cash provided by operating activities less capital spending. Adjusted Free Cash Flow from continuing operations is calculated as Free Cash Flow adjusted for certain cash items which we believe may complicate the interpretation of the Company’s underlying free cash flow performance such as certain transaction related cash flow items related to acquisitions and tariff refunds. These items are not incurred in all periods, the size of these items is difficult to predict, and none of these items are indicative of the operations of the underlying businesses. We believe that non-GAAP financial measures that exclude these items provide investors with an alternative metric that can assist in predicting future cash flows that are complementary to GAAP metrics.