Crane Co. (CR) Tops Q3 EPS by 53c, Updates FY Guidance

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Go back to Crane Co. (CR) Tops Q3 EPS by 53c, Updates FY Guidance

Crane Co. Reports Third Quarter 2021 Results; Raises and Narrows 2021 EPS Guidance; Announces New $300 Million Share Repurchase Authorization

October 25, 2021 5:01 PM EDT

Third Quarter 2021 Highlights

GAAP earnings from continuing operations per diluted share (EPS) of $1.87 compared to $0.84 in the third quarter of 2020. Excluding Special Items, record EPS from continuing operations ("adjusted EPS") of $1.89 increased 103% compared to $0.93 in the third quarter of 2020. Core year-over-year sales growth of 20% and core year-over-year order growth of 31%. Raising and narrowing GAAP EPS from continuing operations guidance to $6.50-$6.60, from $6.05-$6.25. Raising and narrowing EPS from continuing operations guidance, excluding Special Items, to $6.35-$6.45, from $5.95-$6.15. Announced new $300 million share repurchase authorization.

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