CR · Crane Q2 FY2026 earnings call record财报电话会记录

“Backlog also increased to a record of nearly $1.3 billion, with core year-over-year backlog growth of 11%.”

“Total company adjusted operating margin expanded 180 basis points to a record 21.3%, driven by strong core margins in both segments impacted by favorable pricing, strong productivity, and disciplined cost management.”

“As a result, we now expect our recent acquisitions to contribute approximately $0.20 per share to full year earnings, up from our prior expectation of approximately $0.15 per share.”

“Given our strong first half performance, record backlog levels, and continued confidence in both our core and acquired businesses, we are raising our full year adjusted EPS outlook by $0.20 at the midpoint to a range of $6.85-$7.05 per share.”

“Just last week, we announced that we will be supplying an innovative brake control system for the Otto Aerospace Phantom 3500 business jet, a solution that leverages Crane's highly modular and adaptable standard system architecture, which enables rapid and low-risk development.”

“Looking to the balance of the year, we now expect full-year wholesale growth for the segment to land just above the high end of our long-term 7%-9% range.”

“Total sales were up 26% in the quarter compared to last year, with 5% core growth driven primarily by the ongoing strength within the Aerospace & Advanced Technologies segment.”

“Adjusted segment margin was excellent and above expectations at 25.8%, compared to 26.6% last year, down slightly reflecting the expected dilutive impact from the Druck acquisition.”

“In Q2, we delivered sales of $386 million, up 21% compared to a year ago, with core sales down 1.4% with the acquisitions of Panametrics, Reuter-Stokes, and optek adding nearly 22 points of growth, and foreign exchange contributed 0.8% points of growth in the quarter.”

“Adjusted operating margin of 22.2% was approximately 80 basis points above last year, and this was inclusive of the dilutive impact from the recent acquisitions.”

“We're seeing strong demand today increasing, but we're also seeing from our customers RFQ activity and forecast that would expand four or five times that rate going to the end of the decade.”

“And then when we do see the volumes come through in the second half, I would expect us to leverage north of our stated leverage rate for the segment.”