Crane Co. reports record 2021 adjusted EPS of $6.55, provides 2022 guidance of $7.00-$7.40

Crane NXT, Co.

2021-FY EPS reported $7.36 revenue$3,180,000,000

GAAP EPS from continuing operations $6.66 in 2021 vs $2.77 in 2020; adjusted EPS $6.55, up 87% YoY.
Record operating margin of 15.8% and record free cash flow of $415M in 2021.
Core sales growth 12% YoY; core orders growth 19% YoY in 2021.
2022 guidance: GAAP EPS $6.85-$7.25; adjusted EPS $7.00-$7.40, implying 10% earnings growth at midpoint.
Asbestos liability $612M as of Dec 31, 2021; net pre-tax cash payments $44.9M in 2021.

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