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Crane Co (CR.N)

CR.N on New York Stock Exchange

89.75USD
20 Aug 2018
Change (% chg)

$0.36 (+0.40%)
Prev Close
$89.39
Open
$89.71
Day's High
$90.05
Day's Low
$89.16
Volume
45,352
Avg. Vol
85,712
52-wk High
$102.35
52-wk Low
$71.39

Latest Key Developments (Source: Significant Developments)

Crane Co Says CEO Max Mitchell's FY 2017 Total Compensation Was $6.2 Mln
Thursday, 15 Mar 2018 09:22am EDT 

March 15 (Reuters) - Crane Co ::CRANE CO SAYS CEO MAX MITCHELL'S FY 2017 TOTAL COMPENSATION WAS $6.2 MILLION VERSUS $5.8 MILLION IN FY 2016 - SEC FILING.  Full Article

Crane Co. Announces Pricing Of $350 Million Of Senior Notes
Thursday, 1 Feb 2018 05:11pm EST 

Feb 1 (Reuters) - Crane Co ::CRANE CO. ANNOUNCES PRICING OF $350 MILLION OF SENIOR NOTES.CRANE CO - ‍ANNOUNCED PRICING OF AN UNDERWRITTEN PUBLIC OFFERING OF $350 MILLION OF 4.20% SENIOR NOTES DUE 2048​.  Full Article

Crane Co Files For Potential Debt Shelf Offering, Size Not Disclosed
Tuesday, 30 Jan 2018 11:22am EST 

Jan 30 (Reuters) - Crane Co ::CRANE CO FILES FOR POTENTIAL DEBT SHELF OFFERING, SIZE NOT DISCLOSED - SEC FILING.  Full Article

Crane Co. Q4 GAAP Loss Per Share $0.48
Monday, 29 Jan 2018 05:01pm EST 

Jan 29 (Reuters) - Crane Co ::. REPORTS 2017 RESULTS AND UPDATES 2018 GUIDANCE.SEES FY 2018 GAAP EARNINGS PER SHARE $4.65 TO $4.85.Q4 GAAP LOSS PER SHARE $0.48.Q4 SALES $714 MILLION VERSUS I/B/E/S VIEW $702 MILLION.Q4 EARNINGS PER SHARE VIEW $1.17 -- THOMSON REUTERS I/B/E/S.Q4 EARNINGS PER SHARE $1.18 EXCLUDING ITEMS.SEES FY 2018 EARNINGS PER SHARE $5.35 TO $5.55 EXCLUDING ITEMS.FLUID HANDLING ORDER BACKLOG WAS $262 MILLION AT DECEMBER 31, 2017, COMPARED TO $228 MILLION AT DECEMBER 31, 2016‍​.Q4 OF 2017 INCLUDED A ONE-TIME TAX CHARGE OF $87 MILLION RELATED TO TAX CUTS AND JOBS ACT.AEROSPACE & ELECTRONICS ORDER BACKLOG WAS $374 MILLION AT DECEMBER 31, 2017, COMPARED TO $353 MILLION AT DECEMBER 31, 2016‍​.SEES 2018 CORE SALES GROWTH OF +2 PERCENT TO +4 PERCENT.FULL YEAR 2018 FREE CASH FLOW EXPECTED TO BE IN A RANGE OF $220 MILLION TO $250 MILLION.SEES 2018 CAPITAL EXPENDITURES OF APPROXIMATELY $125 MILLION.FY2018 EARNINGS PER SHARE VIEW $5.16 -- THOMSON REUTERS I/B/E/S.ON A PRE-TAX BASIS, INCREMENTAL GROWTH INVESTMENTS ARE EXPECTED TO BE APPROXIMATELY $20 MILLION IN 2018 AND $10 MILLION IN 2019.  Full Article

Crane Co. Declares First Quarter Dividend And Announces 6 Pct Dividend Increase
Monday, 29 Jan 2018 05:00pm EST 

Jan 29 (Reuters) - Crane Co ::CRANE CO. DECLARES FIRST QUARTER DIVIDEND AND ANNOUNCES 6% DIVIDEND INCREASE.CRANE CO - BOARD OF DIRECTORS DECLARED A 6% INCREASE IN QUARTERLY DIVIDEND, TO $0.35 PER SHARE FROM $0.33 PER SHARE.  Full Article

Crane Co Says Entered $550 Million 5-Year Revolving Credit Agreement
Thursday, 21 Dec 2017 04:15pm EST 

Dec 21 (Reuters) - Crane Co ::CRANE CO SAYS ENTERED $550 MILLION 5-YEAR REVOLVING CREDIT AGREEMENT - SEC FILING.CRANE CO - NEW REVOLVING CREDIT AGREEMENT REPLACES EXISTING $500 MILLION REVOLVING CREDIT FACILITY.  Full Article

Crane Co Says If Merger Deal Terminated Under Certain Circumstances, Crane & Co Inc To Pay Co Termination Fee Of $36 Mln
Tuesday, 5 Dec 2017 05:48pm EST 

Dec 5 (Reuters) - Crane Co ::CRANE CO SAYS IF MERGER DEAL TERMINATED UNDER CERTAIN CIRCUMSTANCES, CRANE & CO INC TO PAY CO TERMINATION FEE OF $36 MILLION - SEC FILING.  Full Article

Diversified Industrial Crane Co. To Acquire Crane & Co Inc For $800 Million
Tuesday, 5 Dec 2017 05:00pm EST 

Dec 5 (Reuters) - Crane Co ::DIVERSIFIED INDUSTRIAL CRANE CO. TO ACQUIRE BOSTON-BASED CRANE & CO., INC. (“CRANE CURRENCY”) FOR $800 MILLION.- INITIAL 2018 EARNINGS GUIDANCE IS $4.85-$5.05 PER DILUTED SHARE, EXCLUDING ANY POTENTIAL IMPACT FROM PENDING ACQUISITION OF CRANE CURRENCY.- ACQUISITION EXPECTED TO BE ACCRETIVE TO EPS BY $0.15 IN FIRST FULL YEAR POST-CLOSING, INCREASING TO ABOUT $1.00 BY 2021.- 2018 OUTLOOK INCLUDES A CORE SALES GROWTH ASSUMPTION OF +2% TO +4%.- EXPECT 2017 EARNINGS OF $4.38-$4.48 PER DILUTED SHARE.- EXCLUDING TRANSACTION RELATED CHARGES, CONTINUE TO EXPECT 2017 EARNINGS OF $4.45-$4.55 PER DILUTED SHARE.FY2017 EARNINGS PER SHARE VIEW $4.52 -- THOMSON REUTERS I/B/E/S.- INTENDS TO FINANCE ACQUISITION THROUGH A COMBINATION OF CASH ON HAND AND ADDITIONAL DEBT.- WITH THE ACQUISITION, CO EXPECTS TO DELIVER GREATER THAN 10% ADJUSTED EPS GROWTH FOR NEXT SEVERAL YEARS.- TO BUY CRANE CURRENCY FROM PRIVATE EQUITY FIRM LINDSAY GOLDBERG, MEMBERS OF CRANE FAMILY, AND OTHER SHAREHOLDERS.FY2018 EARNINGS PER SHARE VIEW $5.03 -- THOMSON REUTERS I/B/E/S.  Full Article

Crane Co reports Q3 earnings per share $1.13
Monday, 23 Oct 2017 05:00pm EDT 

Oct 23 (Reuters) - Crane Co ::Crane Co reports third quarter results and raises full-year guidance.Q3 earnings per share $1.13.Q3 sales $696 million versus I/B/E/S view $681.5 million.Q3 earnings per share view $1.10 -- Thomson Reuters I/B/E/S.Sees fy 2017 earnings per share $4.45 to $4.55 excluding items.Sees FY 2017 GAAP earnings per share $4.41 to $4.51.Crane Co - ‍fluid handling order backlog was $269 million at September 30, 2017, compared to $228 million at December 31, 2016​.Crane co - ‍aerospace & electronics order backlog was $348 million at September 30, 2017, compared to $328 million at June 30, 2017.  Full Article

Crane Co Q2 earnings per share $1.14
Monday, 24 Jul 2017 05:00pm EDT 

July 24 (Reuters) - Crane Co ::Crane Co. reports second quarter results.Q2 earnings per share $1.17 excluding items.Q2 gaap earnings per share $1.14.Q2 sales $703 million versus I/B/E/S view $702 million.Q2 earnings per share view $1.17 -- Thomson Reuters I/B/E/S.Sees FY 2017 earnings per share $4.35 to $4.55 excluding items.Sees FY 2017 gaap earnings per share $4.31 to $4.51 including items.Says fluid handling order backlog was $259 million at june 30, 2017 compared to $228 million at december 31, 2016, and $246 million at june 30, 2016.Qtrly aerospace & electronics order backlog was $328 million at june 30, 2017, compared to $353 million at december 31, 2016, and $436 million at june 30, 2016.Re-Affirming FY 2017 adjusted eps guidance of $4.35-$4.55.Excluding special items, q2 2017 earnings per diluted share were $1.17, compared to $1.21 per share in q2 of 2016.  Full Article

BRIEF-Crane Co Q1 Earnings Per Share $1.31 Excluding Items

* SEES FY 2018 EARNINGS PER SHARE $5.45 TO $5.65 EXCLUDING ITEMS