Crane Co. (CR) Tops Q3 EPS by 2c, Updates FY Guidance

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Go back to Crane Co. (CR) Tops Q3 EPS by 2c, Updates FY Guidance

Crane Holdings, Co. Reports Third Quarter 2022 Results

October 24, 2022 5:00 PM EDT

Third Quarter 2022 Highlights

Significant progress towards previously announced separation, including the appointment of Aaron W. Saak as Crane NXT President and CEO; Remain on-track to complete separation in early April 2023. GAAP net loss of $1.06 per share, inclusive of $2.89 per share after-tax loss on the August divestiture that permanently removed all asbestos related liabilities and obligations from Crane's balance sheet. Adjusted earnings per diluted share (adjusted EPS) was $1.86. Adjusting midpoint of GAAP earnings per diluted share (EPS) guidance primarily to reflect the third quarter loss on the asbestos transaction, and... More