Crane Holdings Q2 adj EPS $1.90, core sales +7%; reaffirms FY adj EPS $7.45-$7.85

Crane NXT, Co.

2022-Q2 EPS reported $6.32 revenue$1,735,700,000

GAAP EPS $4.93 vs $2.33 YoY; includes $3.58/share gain on sale of Crane Supply.
Adjusted EPS $1.90 vs $1.93 YoY; core sales +7%, core orders +14%.
Reaffirms FY adjusted EPS guidance $7.45-$7.85; raises GAAP EPS to $9.80-$10.20.
Asbestos liability $580M as of June 30, 2022, vs $612M at Dec 31, 2021; no change in estimate.
Progress on planned separation (early 2023) to unlock shareholder value.

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