Crane Co. (CR) Tops Q3 EPS by 16c, Raises FY Guidance
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Crane Co. Reports 2018 Third Quarter Results and Raises Full-Year EPS Guidance
October 22, 2018 5:01 PM EDTThird Quarter 2018 Highlights:
GAAP earnings per diluted share (EPS) of $1.59 compared to $1.13 in the third quarter of last year; excluding Special Items, EPS of $1.62 increased 43% compared to the third quarter of 2017. Sales of $856 million increased 23% compared to the third quarter of 2017, with core sales growth of 6%. Raising 2018 GAAP EPS guidance to a range of $5.20-$5.30 vs. prior range of $4.90-$5.10; excluding Special Items, raising 2018 EPS guidance to a range of $5.80-$5.90 vs. prior range of $5.60-$5.80. Revising 2018 free cash flow guidance (cash provided by operating... More