Crane Co. (CR) Tops Q4 EPS by 1c
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Crane Co. Reports 2019 Results and Provides 2020 Guidance
January 27, 2020 5:01 PM ESTHighlights from Full Year 2019 Results and 2020 Guidance:
GAAP earnings per diluted share (EPS) of $2.20, inclusive of a $2.98 per share charge related to a non-cash true-up of the Company's asbestos liability, compared to $5.50 in 2018. Excluding Special Items, EPS of $6.02 increased slightly compared to $5.99 in 2018. GAAP operating profit of $210 million and GAAP operating margin of 6.4%. Excluding Special Items, operating profit was a record $494 million and operating margin was a record 15.0%. Record free cash flow of $325 million (cash provided by operating activities less capital spending). Completed $80 million of share repurchases during the... More