Crane Co. (CR) Tops Q2 EPS by 17c; Raises Outlook

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Go back to Crane Co. (CR) Tops Q2 EPS by 17c; Raises Outlook

Crane Company Reports Second Quarter 2023 Results and Raises Full Year EPS Guidance

July 25, 2023 4:15 PM EDT

Second Quarter 2023 Highlights

Earnings from continuing operations per diluted share (EPS) of $0.75 and adjusted EPS of $1.10. Core year-over-year sales growth of 5% and core year-over-year backlog growth of 15%. Year-over-year growth in operating profit from continuing operations of 44%, and year-over-year growth in adjusted operating profit from continuing operations of 30%. Raising adjusted EPS guidance to a range of $3.80-$4.10, from prior range of $3.60-$3.90. Declaring third quarter 2023 dividend of $0.18 per share.

STAMFORD, Conn.--(BUSINESS WIRE)-- Crane Company ("Crane," NYSE: CR) today announced its... More