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Stock impact report

Crane Company Reports Third Quarter 2024 Results and Raises Full Year EPS Guidance

Crane Holdings, Co. (CR) 
Last crane holdings, co. earnings: 4/27 05:01 pm Check Earnings Report
US:NYSE Investor Relations: ir.craneco.com
Company Research Source: Business Wire
Third Quarter 2024 HighlightsEarnings per diluted share (EPS) of $1.33, up 39%, and adjusted EPS of $1.38, up 34%.Sales of $597 million, up 13% driven by 6% core sales growth.Core order growth up 6% and core backlog growth up 10%, driven primarily by ongoing strength at Aerospace & Electronics.Declaring fourth quarter 2024 regular dividend of $0.205 per share.Full Year OutlookRaising and narrowing our full year adjusted EPS outlook to a range of $5.05-$5.20, up from $4.95-$5.15. STAMFORD, Conn.--(BUSINESS WIRE)--Crane Company ("Crane," NYSE: CR) today announced its financial results for the third quarter of 2024 and raised and narrowed its adjusted full-year EPS outlook.Max Mitchell, Crane's Chairman, President and Chief Executive Officer, stated: "We delivered another quarter of excellent results, with 34% adjusted EPS growth driven by 6% core sales growth, reflecting continued strong execution by our teams globally. Furthermore, demand trends across our strategic growth platforms Show less Read more
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