Crane Company (CR) Initiates 2026 Guidance, Announces Leadership Transition Plan

Crane Company on Monday:

The company completed the acquisition of Druck, Panametrics and Reuter-Stokes on January 1, 2026.
Completed the acquisition of optek-Danulat on January 1, 2026, a provider of advanced optical sensing technology that generated sales of $40 million in 2025.
Changes name of ’Aerospace & Electronics’ segment to ’Aerospace & Advanced Technologies’ to reflect capabilities added from the Druck acquisition as well as the continued evolution and long-term strategic direction of the segment.
Declares first quarter 2026 regular dividend of $0.255 per share and raises the annual dividend by 11% to $1.02 per share.

2026 Outlook

Initiating full year 2026 adjusted EPS outlook of $6.55-$6.75 reflecting 10% growth versus 2025 at the midpoint on a comparable basis that now excludes after-tax, acquisition-related intangible amortization in both years, and excluding hurricane-related insurance recoveries in 2025.

Leadership Transition Plan

Alex Alcala, Crane’s current Executive Vice President & Chief Operating Officer, promoted to President & Chief Executive Officer effective at the April 27, 2026 annual meeting.
Max Mitchell, Crane’s current Chairman, President & Chief Executive Officer, to serve as Executive Chairman for a transitional period, also effective as of April 27, 2026.
Reflects well-established and orderly succession plan, enabling continuity in executing on successful growth strategies.

You May Also Be Interested In

• NVE Corp CEO to retire, successor named for August transition
• Reliance Global Group names new CTO, COO, and EVP for AI push
• ZenaTech raises Plurilock Security stake to 12% with new share purchase