Crane Co. (CR) Reports In-Line Q2 EPS; Trims FY15 EPS Outlook
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Crane Co. Reports Second Quarter Results; Updates 2015 EPS Guidance
July 27, 2015 5:13 PM EDTSecond Quarter 2015 Highlights:
Excluding Special Items, earnings per diluted share (EPS) of $1.06 decreased 8% compared to 2014 (GAAP EPS of $0.95 decreased 5% compared to 2014) Sales of $711 million declined 5% compared to 2014, driven by unfavorable foreign exchange Reducing 2015 EPS guidance to $4.10-$4.30, from $4.30-$4.50, excluding Special Items (revised GAAP EPS guidance of $3.90-$4.10)STAMFORD, Conn.--(BUSINESS WIRE)-- Crane Co. (NYSE: CR), a diversified manufacturer of highly engineered industrial products, reported second quarter 2015 earnings of $0.95 per diluted share, compared to $1.00 per share in... More
