Crane (CR) Q2 FY2026 earnings: revenue $725 million, up 25.6% on the year

Crane Co. (CR) reported revenue of $725 million for Q2 FY2026, the quarter ended 30 June 2026, up 25.6% on the same quarter a year earlier. Net income was $96 million, up 11.0% on the year, and diluted earnings per share $1.63. The figures are the company's own, from the 10-Q it filed with the SEC on 31 July 2026.

Revenue$725 millionup 25.6%

Net income$96 millionup 11.0%

Diluted EPS$1.63

QuarterQ2 FY2026ended 30 June 2026

The quarter, against the one before and a year earlier

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Revenue	725	696	577	+25.6%
Cost of revenue	417	415	335	+24.6%
Gross profit	308	281	242	+26.9%
Gross margin	42.4%	40.4%	42.0%
Operating income	144	100	103	+40.2%
Operating margin	19.9%	14.4%	17.8%
Interest expense	16.6	16.8	4.3	+286.0%
Pre-tax income	128	85.1	105	+22.4%
Income tax	32.1	18.0	24.3	+32.1%
Effective tax rate	25.1%	21.2%	23.2%
Net income	95.9	67.1	86.4	+11.0%
Net margin	13.2%	9.6%	15.0%
Diluted EPS	$1.63	$1.14	$1.47	+10.9%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Operating cash flow	122	-29.5	105	+16.5%
Capital expenditure	14.6	10.7	16.1	-9.3%
Free cash flow	108	-40.2	88.9	+21.1%
Free cash flow margin	14.9%	-5.8%	15.4%
Cash from financing	-112	24.4	-212	n/a
Depreciation and amortisation	27.4	28.1	13.1	+109.2%
Share-based compensation	3.9	8.4	10.6	-63.2%
Dividends paid	14.7	14.7	13.2	+11.4%
Dividend per share	$0.26	$0.26	$0.23	+10.9%
Diluted shares, weighted	59m	59m	58m	+0.3%
Shares outstanding at period end	58m	58m	58m	+0.5%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q2 FY2026	Q1 FY2026	Q2 FY2025	Change on the year
Shareholders' equity	2,178	2,097	1,886	+15.4%
Non-controlling interest	2.3	2.3	2.3	+0.0%
Short-term borrowings	11.3	5.6	n/a	n/a
Debt	1,087	1,193	47.2	+2203.2%
Other liabilities	752	754	581	+29.6%
Total liabilities and equity	4,031	4,052	2,517	+60.2%
Fixed assets	377	368	275	+36.8%
Goodwill	1,340	1,346	685	+95.7%
Intangible assets	652	667	156	+317.9%
Cash and equivalents	350	355	332	+5.5%
Receivables	488	494	384	+27.1%
Inventory	507	507	402	+26.1%
Other assets	316	314	282	+12.1%
Total assets	4,031	4,052	2,517	+60.2%

Quarterly results, the last 12 quarters

	Q3 FY2023 †	Q4 FY2023	Q1 FY2024 †	Q2 FY2024 †	Q3 FY2024 †	Q4 FY2024 †	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	474	484	510	529	548	544	558	577	589	581	696	725
Cost of revenue	284	300	303	317	321	322	320	335	338	339	415	417
Gross profit	190	184	207	212	227	222	238	242	251	242	281	308
Gross margin	40%	38%	41%	40%	41%	41%	43%	42%	43%	42%	40%	42%
SG&A	127	136	126	127	133	n/a	136	n/a	n/a	n/a	n/a	n/a
Operating income	68.6	62.4	81.3	89.3	99.0	86.2	101	103	118	102	100	144
Operating margin	14%	13%	16%	17%	18%	16%	18%	18%	20%	18%	14%	20%
Interest expense	4.8	6.0	7.2	7.4	7.3	5.3	4.5	4.3	1.0	1.5	16.8	16.6
Pre-tax income	74.3	56.1	74.1	84.5	94.0	85.9	98.8	105	120	109	85.1	128
Tax rate	26%	22%	21%	22%	23%	18%	21%	23%	24%	25%	21%	25%
Net income	55.2	49.4	64.8	71.6	77.3	81.0	107	86.4	91.4	81.7	67.1	95.9
Net margin	12%	10%	13%	14%	14%	15%	19%	15%	16%	14%	10%	13%
Diluted EPS	$0.96	$0.86	$1.12	$1.23	$1.33	$1.38	$1.83	$1.47	$1.56	$1.39	$1.14	$1.63
Operating cash flow	n/a	n/a	n/a	n/a	n/a	n/a	-46.2	105	n/a	n/a	-29.5	122
Capital expenditure	8.9	13.0	9.1	7.4	9.0	11.1	14.2	16.1	13.4	9.8	10.7	14.6
Free cash flow	n/a	n/a	n/a	n/a	n/a	n/a	-60.4	88.9	n/a	n/a	-40.2	108
Buybacks	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Dividends paid	10.2	10.3	11.7	11.7	11.7	11.8	13.2	13.2	13.3	13.2	14.7	14.7
Shares outstanding	57m	57m	57m	57m	57m	57m	57m	58m	58m	58m	58m	58m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 June 2026, filed 31 July 2026, accession 0001944013-26-000186: the filing on EDGAR. All of Crane Co.'s filings: EDGAR company page.

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