Edition:
United Kingdom

Crane Co (CR.N)

CR.N on New York Stock Exchange

80.06USD
21 Jun 2018
Change (% chg)

$-2.72 (-3.29%)
Prev Close
$82.78
Open
$82.36
Day's High
$82.36
Day's Low
$79.83
Volume
62,823
Avg. Vol
79,314
52-wk High
$102.35
52-wk Low
$71.39

Latest Key Developments (Source: Significant Developments)

Crane Co Q1 Earnings Per Share $1.31 Excluding Items
Monday, 23 Apr 2018 

April 23 (Reuters) - Crane Co ::REPORTS FIRST QUARTER RESULTS AND RAISES 2018 EPS GUIDANCE.SEES FY 2018 EARNINGS PER SHARE $5.45 TO $5.65 EXCLUDING ITEMS.Q1 EARNINGS PER SHARE $1.31 EXCLUDING ITEMS.Q1 GAAP EARNINGS PER SHARE $1.13.Q1 SALES $799 MILLION VERSUS I/B/E/S VIEW $802.6 MILLION.Q1 EARNINGS PER SHARE VIEW $1.26 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 GAAP EARNINGS PER SHARE $4.75 TO $4.95.REVISING 2018 FREE CASH FLOW GUIDANCE TO $240-$270 MILLION VERSUS. PRIOR RANGE OF $220-$250 MILLION.FY2018 EARNINGS PER SHARE VIEW $5.52 -- THOMSON REUTERS I/B/E/S.FLUID HANDLING ORDER BACKLOG WAS $281 MILLION AT MARCH 31, 2018, $262 MILLION AT DECEMBER 31, 2017.AEROSPACE & ELECTRONICS ORDER BACKLOG WAS $381 MILLION AT MARCH 31, 2018, $374 MILLION AT DECEMBER 31, 2017.  Full Article

Crane Co Says Entered $550 Million 5-Year Revolving Credit Agreement
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Crane Co ::CRANE CO SAYS ENTERED $550 MILLION 5-YEAR REVOLVING CREDIT AGREEMENT - SEC FILING.CRANE CO - NEW REVOLVING CREDIT AGREEMENT REPLACES EXISTING $500 MILLION REVOLVING CREDIT FACILITY.  Full Article

Crane Co Says If Merger Deal Terminated Under Certain Circumstances, Crane & Co Inc To Pay Co Termination Fee Of $36 Mln
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Crane Co ::CRANE CO SAYS IF MERGER DEAL TERMINATED UNDER CERTAIN CIRCUMSTANCES, CRANE & CO INC TO PAY CO TERMINATION FEE OF $36 MILLION - SEC FILING.  Full Article

Diversified Industrial Crane Co. To Acquire Crane & Co Inc For $800 Million
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Crane Co ::DIVERSIFIED INDUSTRIAL CRANE CO. TO ACQUIRE BOSTON-BASED CRANE & CO., INC. (“CRANE CURRENCY”) FOR $800 MILLION.- INITIAL 2018 EARNINGS GUIDANCE IS $4.85-$5.05 PER DILUTED SHARE, EXCLUDING ANY POTENTIAL IMPACT FROM PENDING ACQUISITION OF CRANE CURRENCY.- ACQUISITION EXPECTED TO BE ACCRETIVE TO EPS BY $0.15 IN FIRST FULL YEAR POST-CLOSING, INCREASING TO ABOUT $1.00 BY 2021.- 2018 OUTLOOK INCLUDES A CORE SALES GROWTH ASSUMPTION OF +2% TO +4%.- EXPECT 2017 EARNINGS OF $4.38-$4.48 PER DILUTED SHARE.- EXCLUDING TRANSACTION RELATED CHARGES, CONTINUE TO EXPECT 2017 EARNINGS OF $4.45-$4.55 PER DILUTED SHARE.FY2017 EARNINGS PER SHARE VIEW $4.52 -- THOMSON REUTERS I/B/E/S.- INTENDS TO FINANCE ACQUISITION THROUGH A COMBINATION OF CASH ON HAND AND ADDITIONAL DEBT.- WITH THE ACQUISITION, CO EXPECTS TO DELIVER GREATER THAN 10% ADJUSTED EPS GROWTH FOR NEXT SEVERAL YEARS.- TO BUY CRANE CURRENCY FROM PRIVATE EQUITY FIRM LINDSAY GOLDBERG, MEMBERS OF CRANE FAMILY, AND OTHER SHAREHOLDERS.FY2018 EARNINGS PER SHARE VIEW $5.03 -- THOMSON REUTERS I/B/E/S.  Full Article

Crane Co reports Q3 earnings per share $1.13
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Crane Co ::Crane Co reports third quarter results and raises full-year guidance.Q3 earnings per share $1.13.Q3 sales $696 million versus I/B/E/S view $681.5 million.Q3 earnings per share view $1.10 -- Thomson Reuters I/B/E/S.Sees fy 2017 earnings per share $4.45 to $4.55 excluding items.Sees FY 2017 GAAP earnings per share $4.41 to $4.51.Crane Co - ‍fluid handling order backlog was $269 million at September 30, 2017, compared to $228 million at December 31, 2016​.Crane co - ‍aerospace & electronics order backlog was $348 million at September 30, 2017, compared to $328 million at June 30, 2017.  Full Article

Crane Co expect that sales for 2016 will approximate $2.7 billion
Monday, 25 Jul 2016 

Crane Co : Continues to expect that sales for 2016 will approximate $2.7 billion . Says fluid handling order backlog was $246 million at June 30, 2016 . FY2016 revenue view $2.70 billion -- Thomson Reuters I/B/E/S . Crane Co. Reports second quarter results . Q2 earnings per share $1.21 excluding items . Q2 GAAP earnings per share $1.15 . Q2 earnings per share view $1.02 -- Thomson Reuters I/B/E/S . Sees FY 2016 earnings per share $4.00 to $4.20 excluding items . Raises FY 2016 GAAP earnings per share view to $3.95 to $4.15 . Sees FY 2016 sales $2.7 billion . Q2 sales $712 million versus I/B/E/S view $694.7 million . Full year 2016 free cash flow (cash provided by operating activities less capital spending) is expected to be in a range of $195 to $220 million . FY2016 earnings per share view $4.02 -- Thomson Reuters I/B/E/S .Excluding special items, 2016 EPS is now expected to be in a range of $4.00-$4.20.  Full Article

BRIEF-Crane Co Q1 Earnings Per Share $1.31 Excluding Items

* SEES FY 2018 EARNINGS PER SHARE $5.45 TO $5.65 EXCLUDING ITEMS