Crane Company (CR) Raises Annual Dividend 13.9% to $0.205; 0.2% Yield
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Crane Company Reports Fourth Quarter 2023 Results, Provides 2024 Guidance, and Raises Annual Dividend by 14%
January 29, 2024 4:15 PM ESTFourth Quarter 2023 Highlights
Earnings from continuing operations per diluted share (EPS) of $0.86 and adjusted EPS of $0.90. Core year-over-year sales growth of 5% and core year-over-year backlog growth of 8%. Year-over-year growth in operating profit from continuing operations of 38%, and year-over-year growth in adjusted operating profit from continuing operations of 14%. Introducing 2024 adjusted EPS guidance of $4.55-$4.85 reflecting 10% growth compared to 2023 adjusted EPS. Declaring first quarter 2024 dividend of $0.205 per share, and raising the annual dividend by 14% to $0.82 per share. Demonstrated significant progress on capital deployment and acquisition strategy with the October 2023... More