Crane Co. (CR) Tops Q4 EPS by 12c, Offers FY22 Guidance
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Crane Co. Reports 2021 Results and Provides 2022 Guidance
January 24, 2022 5:01 PM ESTHighlights from Full Year 2021 Results and 2022 Guidance from Continuing Operations
GAAP earnings per diluted share (EPS) of $6.66 compared to $2.77 in 2020. Record EPS, excluding Special Items, of $6.55 increased 87% compared to 2020. Record operating margin of 15.8%. Record free cash flow of $415 million (cash provided by operating activities less capital spending). Core year-over-year sales growth of 12% and core year-over-year order growth of 19%. Introducing 2022 GAAP EPS guidance of $6.85-$7.25. Excluding Special items, 2022 EPS guidance is $7.00-$7.40, reflecting 10% earnings growth compared to 2021 at the midpoint.STAMFORD, Conn.--(BUSINESS WIRE)-- Crane... More
