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.

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.)

Summary of Second Quarter 2026 Results

	Second Quarter		Change
(unaudited, dollars in millions)	2026	2025	$		%
Net sales	$724.7	$577.2	$	147.5	25.6%
Core sales				30.0	5.2%
Acquisitions				114.5	19.8%
Foreign exchange				3.0	0.6%

Operating profit	$144.3	$102.9	$	41.4	40.2%
Adjusted operating profit*	$154.3	$112.4	$	41.9	37.3%

Operating profit margin	19.9%	17.8%			210bps
Adjusted operating profit margin*	21.3%	19.5%			180bps
*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

	Second Quarter						Change
(unaudited, dollars in millions)		2026			2025		$		%
Net sales	$	339.1		$	258.2		$	80.9	31.3	%
Core sales								34.4	13.3	%
Acquisitions								45.9	17.8	%
Foreign Exchange								0.6	0.2	%

Operating profit	$	88.9		$	67.9		$	21.0	30.9	%
Adjusted operating profit*	$	87.4		$	68.6		$	18.8	27.4	%

Operating profit margin		26.2	%		26.3	%			(10bps)
Adjusted operating profit margin*		25.8	%		26.6	%			(80bps)
*Please see the attached Non-GAAP Financial Measures tables

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.

Process Flow Technologies

	Second Quarter						Change
(unaudited, dollars in millions)		2026			2025		$			%
Net sales	$	385.6		$	319.0		$	66.6		20.9	%
Core sales								(4.4	)	(1.4	%)
Acquisitions								68.6		21.5	%
Foreign exchange								2.4		0.8	%

Operating profit	$	81.6		$	63.9		$	17.7		27.7	%
Adjusted operating profit*	$	85.5		$	68.4		$	17.1		25.0	%

Operating profit margin		21.2	%		20.0	%				120bps
Adjusted operating profit margin*		22.2	%		21.4	%				80bps
*Please see the attached Non-GAAP Financial Measures tables

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.

Forward-Looking Statements Disclaimer

This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical statements of fact and those regarding our intent, belief, or expectations, including, but not limited to: benefits and synergies of the Druck, Panametrics and Reuter-Stokes, and optek-Danulat acquisitions; strategic and competitive advantages of Crane; future financing plans and opportunities; and business strategies, prospects and projected operating and financial results. We caution investors not to place undue reliance on any such forward-looking statements.

These statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties that could lead to actual results differing materially from those projected, forecasted or expected. Although we believe that the assumptions underlying the forward-looking statements are reasonable, we can give no assurance that our expectations will be attained.

Risks and uncertainties that could cause actual results to differ materially from our expectations include, but are not limited to: changes in global economic conditions (including inflationary pressures and tariffs) and geopolitical risks, including macroeconomic fluctuations that may harm our business, results of operation and stock price; being unable to identify or complete acquisitions, or to successfully integrate the businesses we acquire, or complete dispositions; information systems and technology network failures and breaches in data security, theft of personally identifiable and other information, non-compliance with our contractual or other legal obligations regarding such information; our ability to source components and raw materials from suppliers, including disruptions and delays in our supply chain; demand for our products, which is variable and subject to factors beyond our control; governmental regulations and failure to comply with those regulations; fluctuations in the prices of our components and raw materials; loss of personnel or being unable to hire and retain additional personnel needed to sustain and grow our business as planned; risks from environmental liabilities, costs, litigation and violations that could adversely affect our financial condition, results of operations, cash flows and reputation; risks associated with conducting a substantial portion of our business outside the U.S.; adverse impacts from intangible asset impairment charges; potential product liability or warranty claims; being unable to successfully develop and introduce new products, which would limit our ability to grow and maintain our competitive position and adversely affect our financial condition, results of operations and cash flow; significant competition in our markets; additional tax expenses or exposures that could affect our financial condition, results of operations and cash flows; inadequate or ineffective internal controls; specific risks relating to our reportable segments, including Aerospace & Advanced Technologies, and Process Flow Technologies; the ability and willingness of Crane Company and Crane NXT, Co. to meet and/or perform their obligations under any contractual arrangements that were entered into among the parties in connection with the separation transaction and any of their obligations to indemnify, defend and hold the other party harmless from and against various claims, litigation and liabilities; and the ability to achieve some or all the benefits that we expect to achieve from the separation transaction.

Readers should carefully review Crane’s financial statements and the notes thereto, as well as the section entitled "Risk Factors" in Item 1A of Crane’s Annual Report on Form 10-K for the year ended December 31, 2025 and the other documents Crane files from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to diﬀer materially from those contained in the forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof, and Crane assumes no (and disclaims any) obligation to revise or update any forward-looking statements.

We make no representations or warranties as to the accuracy of any projections, statements or information contained in this press release. It is understood and agreed that any such projections, targets, statements and information are not to be viewed as facts and are subject to significant business, financial, economic, operating, competitive and other risks, uncertainties and contingencies many of which are beyond our control, that no assurance can be given that any particular financial projections ranges, or targets will be realized, that actual results may differ from projected results and that such differences may be material. While all financial projections, estimates and targets are necessarily speculative, we believe that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the projection, estimate or target extends from the date of preparation. The assumptions and estimates underlying the projected, expected or target results are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to diﬀer materially from those contained in the financial projections, estimates and targets. The inclusion of financial projections, estimates and targets in this press release should not be regarded as an indication that we or our representatives considered or consider the financial projections, estimates and targets to be a reliable prediction of future events.

(Financial Tables Follow)

Source: Crane Company

CRANE COMPANY Condensed Statements of Operations Data (unaudited, in millions, except per share data)

	Three Months Ended June 30,						Six Months Ended June 30,
		2026			2025			2026			2025
Net sales:
Aerospace & Advanced Technologies	$	339.1		$	258.2		$	657.4		$	507.1
Process Flow Technologies		385.6			319.0			763.7			627.7
Total net sales	$	724.7		$	577.2		$	1,421.1		$	1,134.8

Operating profit:
Aerospace & Advanced Technologies	$	88.9		$	67.9		$	160.4		$	132.5
Process Flow Technologies		81.6			63.9			145.8			126.7
Corporate		(26.2	)		(28.9	)		(61.8	)		(55.2	)
Total operating profit	$	144.3		$	102.9		$	244.4		$	204.0

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)

	June 30, 2026		December 31, 2025

Assets
Current assets
Cash and cash equivalents	$	350.4	$	506.5
Restricted Cash		—		1,223.3
Accounts receivable, net		487.6		358.7
Inventories, net		507.2		376.5
Other current assets		134.0		106.4
Total current assets		1,479.2		2,571.4

Property, plant and equipment, net		376.6		278.8
Other assets		834.8		319.3
Goodwill		1,340.2		683.9
Total assets	$	4,030.8	$	3,853.4

Liabilities and Equity
Current liabilities
Short-term borrowings	$	11.3	$	—
Accounts payable		185.7		189.6
Accrued liabilities		324.8		269.3
Income taxes		5.7		6.3
Total current liabilities		527.5		465.2

Long-term debt		1,087.1		1,148.2
Long-term deferred tax liability		105.8		45.9
Other liabilities		130.5		130.7
Total liabilities		1,850.9		1,790.0
Total equity		2,179.9		2,063.4
Total liabilities and equity	$	4,030.8	$	3,853.4

CRANE COMPANY Condensed Statements of Cash Flows (unaudited, in millions)

	Three Months Ended June 30,						Six Months Ended June 30,
		2026			2025			2026			2025
Operating activities:
Net income attributable to common shareholders	$	95.9		$	86.4		$	163.0		$	193.5
Less: Income from discontinued operations, net of tax		—			6.1			—			34.9
Net income from continuing operations attributable to common shareholders		95.9			80.3			163.0			158.6
Depreciation and amortization		27.4			13.1			55.5			25.6
Stock-based compensation expense		3.9			10.6			12.3			19.9
Defined benefit plans and postretirement cost		1.2			2.1			2.5			4.1
Deferred income taxes		(1.1	)		—			(1.1	)		—
Cash (used for) provided by operating working capital		(8.5	)		5.5			(141.7	)		(140.9	)
Defined benefit plans and postretirement contributions		(0.5	)		(5.6	)		(1.0	)		(6.2	)
Environmental payments, net of reimbursements		(0.8	)		(0.6	)		(1.1	)		(1.7	)
Other		4.8			(0.4	)		4.4			(0.6	)
Total provided by operating activities from continuing operations		122.3			105.0			92.8			58.8
Investing activities:
Payment for acquisitions - net of cash acquired and working capital adjustments		—			—			(1,355.4	)		(0.2	)
Capital expenditures		(14.6	)		(16.1	)		(25.3	)		(30.3	)
Other investing activities		—			0.2			0.1			0.2
Total used for investing activities from continuing operations		(14.6	)		(15.9	)		(1,380.6	)		(30.3	)
Financing activities:
Dividends paid		(14.7	)		(13.2	)		(29.4	)		(26.4	)
Net payments related to employee stock plans		2.6			1.5			(8.3	)		(8.9	)
Proceeds from debt		—			—			50.0			—
Repayments of debt		(100.0	)		(200.0	)		(100.0	)		(200.0	)
Total used for financing activities from continuing and discontinued operations		(112.1	)		(211.7	)		(87.7	)		(235.3	)
Discontinued operations:
Total provided by investing activities^(a)		—			5.9			—			213.6
Increase in cash and cash equivalents from discontinued operations		—			5.9			—			213.6
Effect of exchange rate on cash and cash equivalents		(0.6	)		13.8			(3.9	)		18.7
(Decrease) Increase in cash and cash equivalents		(5.0	)		(102.9	)		(1,379.4	)		25.5
Cash, cash equivalents and restricted cash at beginning of period^(b)		355.4			435.1			1,729.8			306.7
Cash and cash equivalents at end of period	$	350.4		$	332.2		$	350.4		$	332.2
(a) For the three and six months ended June 30, 2025, the cash provided by investing activities from discontinued operations was from the sale of the Engineered Materials segment.
(b) Cash, cash equivalents and restricted cash at beginning of period consisted of $1.2 billion in funds held in an escrow account related to the acquisitions of Druck, Panametrics, and Reuter-Stokes brands.

CRANE COMPANY Order Backlog (unaudited, in millions)

	June 30,		March 31,		December 31,		September 30,		June 30,
		2026		2026		2025		2025		2025
Aerospace & Advanced Technologies^(a)	$	1,267.7	$	1,188.6	$	1,075.5	$	1,054.1	$	1,052.8
Process Flow Technologies^(b)		619.6		606.2		359.9		383.0		403.1
Total backlog	$	1,887.3	$	1,794.8	$	1,435.4	$	1,437.1	$	1,455.9

(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)

	Three Months Ended June 30
	2026						2025						% Change
	$			Per Share			$			Per Share			(on $)
Net sales (GAAP)	$	724.7					$	577.2					25.6	%

Adjusted Operating Profit and Adjusted Operating Profit Margin
Operating profit (GAAP)	$	144.3					$	102.9					40.2	%
Operating profit margin (GAAP)		19.9	%					17.8	%

Special items impacting operating profit:
Transaction related expenses		12.8						4.6
Repositioning related (gain) charges, net		(0.2	)					1.3
Amortization of acquisition-related intangibles		16.1						3.6
Tariff Refunds		(18.7	)					—
Adjusted operating profit (Non-GAAP)	$	154.3					$	112.4					37.3	%
Adjusted operating profit margin (Non-GAAP)		21.3	%					19.5	%

Adjusted Net Income and Adjusted Net Income per Share
Net income from continuing operations attributable to common shareholders (GAAP)	$	95.9		$	1.63		$	80.3		$	1.37		19.4	%
Transaction related expenses		12.8			0.22			4.6			0.08
Repositioning related (gain) charges, net		(0.2	)		—			1.3			0.02
Amortization of acquisition-related intangibles		16.1			0.27			3.6			0.06
Impact of pension non-service costs		0.5			0.01			1.2			0.02
Tariff Refunds^(a)		(19.5	)		(0.33	)		—			—
Tax effect of the Non-GAAP adjustments		(0.4	)		(0.01	)		(1.8	)		(0.03	)
Adjusted net income (Non-GAAP)	$	105.2		$	1.79		$	89.2		$	1.52		17.9	%

Adjusted EBITDA and Adjusted EBITDA Margin
Net income from continuing operations attributable to common shareholders (GAAP)	$	95.9					$	80.3					19.4	%
Net income margin (GAAP)		13.2	%					13.9	%
Adjustments to net income:
Interest expense, net		14.5						1.4
Income tax expense		32.1						24.3
Depreciation		11.3						9.5
Amortization		16.1						3.6
Miscellaneous expense (income), net		1.8						(3.1	)
Repositioning related gain, net		(0.2	)					1.3
Transaction related expenses		12.8						4.6
Tariff Refunds		(18.7	)					—
Adjusted EBITDA (Non-GAAP)	$	165.6					$	121.9					35.8	%
Adjusted EBITDA Margin (Non-GAAP)		22.9	%					21.1	%
(a) Includes $0.8 million of interest income earned on tariff refunds.
Totals may not sum due to rounding

CRANE COMPANY Non-GAAP Financial Measures (in millions, except per share data)

	Six Months Ended June 30,
	2026						2025						% Change
	$			Per Share			$			Per Share			(on $)
Net sales (GAAP)	$	1,421.1					$	1,134.8					25.2	%

Adjusted Operating Profit and Adjusted Operating Profit Margin
Operating profit (GAAP)	$	244.4					$	204.0					19.8	%
Operating profit margin (GAAP)		17.2	%					18.0	%

Special items impacting operating profit:
Transaction related expenses		34.4						6.8
Repositioning related charges, net		—						1.4
Amortization of acquisition-related intangibles		32.0						7.3
Tariff Refunds		(18.7	)					—
Adjusted operating profit (Non-GAAP)	$	292.1					$	219.5					33.1	%
Adjusted operating profit margin (Non-GAAP)		20.6	%					19.3	%

Adjusted Net Income and Adjusted Net Income per Share
Net income from continuing operations attributable to common shareholders (GAAP)	$	163.0		$	2.78		$	158.6		$	2.71		2.8	%
Transaction related expenses		34.4			0.59			6.9			0.12
Repositioning related charges, net		—			—			1.4			0.02
Amortization of acquisition-related intangibles		32.0			0.54			7.3			0.13
Impact of pension non-service costs		0.9			0.01			2.4			0.04
Tariff Refunds^(a)		(19.5	)		(0.33	)		—			—
Tax effect of the Non-GAAP adjustments		(8.6	)		(0.15	)		(3.5	)		(0.06	)
Adjusted net income (Non-GAAP)	$	202.2		$	3.44		$	173.1		$	2.96		16.8	%

Adjusted EBITDA and Adjusted EBITDA Margin
Net income from continuing operations attributable to common shareholders (GAAP)	$	163.0					$	158.6					2.8	%
Net income margin (GAAP)		11.5	%					14.0	%
Adjustments to net income:
Interest expense, net		29.7						2.7
Income tax expense		50.1						44.8
Depreciation		23.5						18.3
Amortization		32.0						7.3
Miscellaneous expense (income), net		1.6						(2.1	)
Repositioning related charges, net		—						1.4
Transaction related expenses		34.4						6.8
Tariff Refunds		(18.7	)					—
Adjusted EBITDA (Non-GAAP)	$	315.6					$	237.8					32.7	%
Adjusted EBITDA Margin (Non-GAAP)		22.2	%					21.0	%

(a) Includes $0.8 million of interest income earned on tariff refunds.
Totals may not sum due to rounding

CRANE COMPANY Non-GAAP Financial Measures by Segment (unaudited, in millions)

Three Months Ended June 30, 2026	Aerospace & Advanced Technologies			Process Flow Technologies			Corporate			Total Company
Net sales	$	339.1		$	385.6		$	—		$	724.7

Operating profit (GAAP)	$	88.9		$	81.6		$	(26.2	)	$	144.3
Operating profit margin (GAAP)		26.2	%		21.2	%					19.9	%

Special items impacting operating profit:
Transaction related expenses		0.9			4.3			7.6			12.8
Repositioning related gain, net		(0.2	)		—			—			(0.2	)
Amortization of acquisition-related intangibles		3.3			12.8			—			16.1
Tariff Refunds		(5.5	)	$	(13.2	)	$	—			(18.7	)
Adjusted operating profit (Non-GAAP)	$	87.4		$	85.5		$	(18.6	)	$	154.3
Adjusted operating profit margin (Non-GAAP)		25.8	%		22.2	%					21.3	%

Three Months Ended June 30, 2025
Net sales	$	258.2		$	319.0		$	—		$	577.2

Operating profit (GAAP)	$	67.9		$	63.9		$	(28.9	)	$	102.9
Operating profit margin (GAAP)		26.3	%		20.0	%					17.8	%

Special items impacting operating profit:
Transaction related expenses		—			0.3			4.3			4.6
Repositioning related charges, net		0.1			1.2			—			1.3
Amortization of acquisition-related intangibles		0.6			3.0			—			3.6
Adjusted operating profit (Non-GAAP)	$	68.6		$	68.4		$	(24.6	)	$	112.4
Adjusted operating profit margin (Non-GAAP)		26.6	%		21.4	%					19.5	%
Totals may not sum due to rounding

CRANE COMPANY Non-GAAP Financial Measures by Segment (in millions)

Six Months Ended June 30, 2026	Aerospace & Advanced Technologies			Process Flow Technologies			Corporate			Total Company
Net sales	$	657.4		$	763.7		$	—		$	1,421.1

Operating profit (GAAP)	$	160.4		$	145.8		$	(61.8	)	$	244.4
Operating profit margin (GAAP)		24.4	%		19.1	%					17.2	%

Special items impacting operating profit:
Transaction related expenses		4.6			10.6			19.2			34.4
Repositioning related (gain) charges, net		(0.2	)		0.2			—			—
Amortization of acquisition-related intangibles		6.4			25.6			—			32.0
Tariff Refunds		(5.5	)		(13.2	)		—			(18.7	)
Adjusted operating profit (Non-GAAP)	$	165.7		$	169.0		$	(42.6	)	$	292.1
Adjusted operating profit margin (Non-GAAP)		25.2	%		22.1	%					20.6	%

Six Months Ended June 30, 2025
Net sales	$	507.1		$	627.7		$	—		$	1,134.8

Operating profit (GAAP)	$	132.5		$	126.7		$	(55.2	)	$	204.0
Operating profit margin (GAAP)		26.1	%		20.2	%					18.0	%

Special items impacting operating profit:
Transaction related expenses		—			1.1			5.7			6.8
Repositioning related charges, net		0.1			1.3			—			1.4
Amortization of acquisition-related intangibles		1.2			6.1		—				7.3
Adjusted operating profit (Non-GAAP)	$	133.8		$	135.2		$	(49.5	)	$	219.5
Adjusted operating profit margin (Non-GAAP)		26.4	%		21.5	%					19.3	%
Totals may not sum due to rounding

CRANE COMPANY Adjusted Free Cash Flow (unaudited, in millions, except per share data)

	Three Months Ended June 30,						Six Months Ended June 30,
Cash Flow Items		2026			2025			2026			2025
Cash provided by operating activities from continuing operations	$	122.3		$	105.0		$	92.8		$	58.8
Less: Capital expenditures		(14.6	)		(16.1	)		(25.3	)		(30.3	)
Free cash flow	$	107.7		$	88.9		$	67.5		$	28.5
Adjustments:
Transaction-related expenses		9.2			4.4			28.0			6.6
Transaction-related adjustments		18.9			—			16.8			—
Tariff Refunds		(19.5	)		—			(19.5	)		—
Adjusted free cash flow from continuing operations	$	116.3		$	93.3		$	92.8		$	35.1

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260728065272/en/

Allison Poliniak-Cusic

Vice President, Investor Relations

IR@craneco.com

www.craneco.com