Crane Q1 EPS $1.12 (adj. $1.22); raises FY adj. EPS to $4.75-$5.05; acquires CryoWorks for ~$61M

Crane Co

2024-Q1 EPS reported $1.12 revenue$565,300,000

Q1 GAAP EPS $1.12, adjusted EPS $1.22; sales $565M (+10% YoY) with 5% core sales growth.
FY 2024 adjusted EPS guidance raised to $4.75-$5.05 from prior $4.55-$4.85.
Agreement to acquire CryoWorks for ~$61M; annual sales ~$28M, adj. EBITDA ~$5M; closes Apr 30.
Q2 2024 dividend declared at $0.205 per share, unchanged from prior.
Core orders and backlog both grew 11% YoY in Q1.

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 0.9

Crane Co reported first quarter of 2024 results: revenue $565, EPS $1.12. Guidance raised.

Period: first quarter of 2024
Revenue: $565
EPS: $1.12
Guidance: raised
Result: reported results

Exact text from the filing

6% compared to last year. Summary of First Quarter 2024 Results from Continuing Operations First Quarter Change (unaudited, dollars in millions) 2024 2023 $ % Net sales $565 $514 $ 52 10 % Core sales 24 5 % Acquisitions 26 5 % Foreign exchange 2 0 % Operating profit $89 $78 $ 12 15 % Adjusted operating profit* $97 $91 $ 6 6 % Operating profit margin

View on SEC.gov

1341 earnings releases filed in the last 30 days. Browse all earnings releases →

Crane Co filing history →

Source: SEC EDGAR

accession 0001628280-24-017136

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.