Crane Co. (CR) Tops Q2 EPS by 9c, Offers Guidance

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Go back to Crane Co. (CR) Tops Q2 EPS by 9c, Offers Guidance

Crane Holdings, Co. Reports Second Quarter 2022 Results

July 25, 2022 5:01 PM EDT

Second Quarter 2022 Highlights

GAAP earnings per diluted share (EPS) of $4.93, inclusive of a $3.58 per share after-tax gain on the sale of Crane Supply, compared to $2.33 in the second quarter of 2021. Excluding Special Items, EPS of $1.90 compared to $1.93 in the second quarter of 2021. Core year-over-year sales growth of 7% and core year-over-year order growth of 14%. Raising GAAP EPS guidance to $9.80-$10.20, from $6.80-$7.20, primarily to reflect the gain on the sale of Crane Supply. Reaffirming EPS guidance, excluding Special Items, of $7.45-$7.85 provided on May 26, 2022.

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