Crane Co. (CR) Reports In-Line Q2 EPS, Reaffirms Guidance

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Go back to Crane Co. (CR) Reports In-Line Q2 EPS, Reaffirms Guidance

Crane Co. Reports Second Quarter Results

July 24, 2017 5:00 PM EDT

Second Quarter 2017 Highlights:

Continued strong execution with operating margins reaching a record high of 15.5%. Excluding Special Items, operating margins were 15.9%. Deployed $58 million of cash to close two acquisitions during the quarter. GAAP earnings per diluted share (EPS) of $1.14. Excluding Special Items, EPS was $1.17. Full year GAAP EPS guidance of $4.31-$4.51 and reaffirming EPS guidance, excluding Special Items, of $4.35-$4.55.

STAMFORD, Conn.--(BUSINESS WIRE)-- Crane Co. (NYSE: CR), a diversified manufacturer of highly engineered industrial... More