Crane Co. (CR) Issues Update on Crane Supply Divestiture, Hikes FY22 Guidance to EPS of $7.45-$7.85
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Crane Holdings, Co. Provides Update on Previously Announced Divestitures and Updates Full-Year 2022 Earnings Guidance
May 26, 2022 5:23 PM EDTSTAMFORD, Conn.--(BUSINESS WIRE)-- Crane Holdings, Co. (NYSE: CR), a diversified manufacturer of highly engineered industrial products, provided an update on certain previously announced transactions, adjusted its full-year 2022 earnings guidance, and provided details about an upcoming investor conference.
Mr. Mitchell, Crane President and Chief Executive Officer, stated: I am pleased to announce that we continue to make significant progress with our strategic portfolio actions. Our recently announced divestiture of Crane Supply is on-track to close at the end of this month, and our planned separation into two independent, public companies is proceeding... More
