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Crane Co Reaffirms FY 2013 Guidance; Declares Second Quarter Dividend


Monday, 22 Apr 2013 05:43pm EDT 

Crane Co reaffirmed its fiscal 2013 guidance which was provided on January 28, 2013. Core sales are expected to grow 1% to 3% (excluding acquisition and foreign exchange impacts). Earnings per share in 2013 are estimated to be in a range of $4.10 to $4.30, representing an increase of 11%-16% over 2012 earnings per diluted share of $3.70 (before Special Items and on a continuing operations basis, which excludes profits from discontinued operations of $0.05 per share in 2012). The 2013 guidance does not include potential impacts from the pending acquisition of MEI. The Company also announced that regular quarterly dividend of $0.28 per share for the second quarter of 2013. The dividend is payable on June 11, 2013 to shareholders of record as of the close of business on May 31, 2013. 

Company Quote

58.93
-0.12 -0.20%
1:00pm EST