Crane Co. (CR) Misses Q1 EPS by 8c, Lowers FY EPS Guidance

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Go back to Crane Co. (CR) Misses Q1 EPS by 8c, Lowers FY EPS Guidance

Crane Co. Reports First Quarter Results and Updates 2015 EPS Guidance

April 27, 2015 5:38 PM EDT

First Quarter 2015 Highlights:

Excluding Special Items, earnings per diluted share (EPS) of $0.92 decreased 12% compared to 2014 (GAAP EPS of $0.87 increased 6% compared to 2014) Sales of $679 million declined 5% compared to 2014, with core sales up slightly, and a 5% impact from unfavorable foreign exchange Reducing 2015 EPS guidance to $4.30-$4.50, from $4.45-$4.65, excluding Special Items, solely reflecting the impact of foreign exchange (revised GAAP EPS guidance of $4.17-$4.37) Completed $25 million of share repurchases during the first quarter of 2015

STAMFORD, Conn.--(BUSINESS WIRE)-- Crane Co. (NYSE:... More