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Crane Co (CR.N)

CR.N on New York Stock Exchange

92.55USD
18 Jan 2018
Change (% chg)

$-0.68 (-0.73%)
Prev Close
$93.23
Open
$93.00
Day's High
$93.29
Day's Low
$92.46
Volume
36,266
Avg. Vol
89,241
52-wk High
$93.57
52-wk Low
$67.62

Latest Key Developments (Source: Significant Developments)

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

Crane co issues statement on decision by New York State Court of Appeals in Dummitt and Suttner asbestos cases
Tuesday, 28 Jun 2016 

Crane Co : Crane co issues statement on decision by New York State Court of Appeals in Dummitt and Suttner asbestos cases . "never manufactured asbestos-containing products, and it believes that all of its products were safe when used as intended" . Will continue to "vigorously" defend itself against asbestos cases .Crane Co Says "never manufactured asbestos containing products, and it believes that all of its products were safe when used as intended".  Full Article

BRIEF-Crane Co Says Entered $550 Million 5-Year Revolving Credit Agreement

* CRANE CO SAYS ENTERED $550 MILLION 5-YEAR REVOLVING CREDIT AGREEMENT - SEC FILING