Crane Q4 EPS $0.86/$0.90 adj; guides FY24 adj EPS $4.55-$4.85; raises dividend 14%

Crane Co

2023-FY EPS reported $4.45 revenue$1,862,100,000

Q4 GAAP EPS $0.86, adjusted EPS $0.90; sales $533M +10% YoY (+5% core).
Operating profit $67M (+38%); adj operating profit $75M (+14%); margin 14.0%.
FY2024 adj EPS guidance $4.55-$4.85, ~10% growth from 2023 adjusted EPS.
Annual dividend raised 14% to $0.82; Q1 dividend $0.205 per share.
Completed acquisitions of Baum lined piping (Oct'23) and Vian Enterprises (Jan'24).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Crane Co reported the quarter ended December 31, 2023 results: revenue $533, EPS $0.86. Guidance initiated.

Period: the quarter ended December 31, 2023
Revenue: $533
EPS: $0.86
Guidance: initiated
Result: reported results

Exact text from the filing

14% from the prior year. Summary of Fourth Quarter 2023 Results from Continuing Operations Fourth Quarter Change (unaudited, dollars in millions) 2023 2022 $ % Net sales $533 $486 $ 47 10 % Core sales 26 5 % Baum acquisition 15 3 % Foreign exchange 5 1 % Operating profit $67 $49 $ 18 38 % Adjusted operating profit* $75 $65 $ 9 14 % Operating profit

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Source: SEC EDGAR

accession 0001628280-24-002448

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