Crane Q2 adjusted EPS $1.79 beats; raises FY adjusted EPS guidance to $6.85-$7.05

Crane Co

GAAP EPS $1.63 (+19% YoY); adjusted EPS record $1.79 (+18% YoY).
Sales $724.7M (+25.6% YoY) with 5.2% core growth; AAT core sales +13.3%.
Record AAT backlog $1.27B (+11% core YoY); total core backlog +5% sequentially.
Operating margin 19.9% (+210bps); adjusted operating margin record 21.3% (+180bps).
FY adjusted EPS guidance raised to $6.85-$7.05 from $6.65-$6.85; Q3 dividend $0.255/share.

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