Crane Co. (CR) Tops Q4 EPS by 11c, FY EPS Guidance Misses Consensus at Mid-Point
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Crane Co. Reports 2018 Results and Provides 2019 Guidance
January 28, 2019 5:01 PM ESTHighlights from Full Year 2018 Results and 2019 Guidance:
Record GAAP earnings per diluted share (EPS) of $5.50 compared to $2.84 in 2017; excluding Special Items, record EPS of $5.99 increased 32% compared to last year. Record sales of $3.35 billion increased 20% compared to 2017, with core sales growth of 3%. Record free cash flow (cash provided by operating activities less capital spending) of $305 million. Introducing 2019 GAAP EPS guidance of $6.05-$6.25; excluding Special Items, 2019 EPS guidance is $6.25-$6.45.STAMFORD, Conn.--(BUSINESS WIRE)-- Crane Co. (NYSE:... More
