Strong Core Sales Growth
Crane reported a 7.5% core sales growth, driven by strength across Aerospace & Electronics and Process Flow Technologies.
Record Backlog in Aerospace & Electronics
The Aerospace & Electronics segment achieved a record backlog of $960 million, up 21% year-over-year and 11% sequentially.
Positive Core Orders Growth
Core orders were up 16% compared to last year, with growth driven by Aerospace & Electronics and slight growth in Process Flow Technologies.
Strong Adjusted Operating Profit
Adjusted operating profit increased 18%, reflecting higher volumes, solid net price, and productivity improvements.
Prospective M&A Activities
Crane has more than $1.5 billion in debt capacity for M&A and a robust pipeline of potential acquisitions, with no slowdown in activity.