Crane Co. Announces Regular Quarterly Dividend for the First Quarter of 2015, Payable on March 10, 2015
Jan 27 15
Crane Co. announced its regular quarterly dividend of $0.33 per share for the first quarter of 2015. The dividend is payable on March 10, 2015 to shareholders of record as of the close of business on February 27, 2015.
Crane Co. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015
Jan 26 15
Crane Co. reported earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total net sales of $730,658,000 compared to $681,449,000 a year ago. Total operating profit was $89,591,000 compared to $83,121,000 a year ago. Income before income taxes was $83,826,000 compared to $80,594,000 a year ago. Net income attributable to common shareholders was $56,212,000 or $0.95 per diluted share compared to $49,706,000 or $0.84 per diluted share a year ago. Total cash provided by operating activities was $150,518,000 compared to $148,433,000 a year ago. Capital expenditures were $11,580,000 compared to $10,445,000 a year ago. Free cash flow was $138,938,000 compared to $137,988,000 a year ago.
For the year, the company reported total net sales of $2,924,997,000 compared to $2,595,281,000 a year ago. Total operating profit was $316,290,000 compared to $347,876,000 a year ago. Income before income taxes was $281,156,000 compared to $326,016,000 a year ago. Net income attributable to common shareholders was $192,672,000 or $3.23 per diluted share compared to $219,502,000 or $3.73 per diluted share a year ago. Total cash provided by operating activities was $263,952,000 compared to $239,432,000 a year ago. Capital expenditures were $43,732,000 compared to $29,461,000 a year ago. Free cash flow was $220,220,000 compared to $209,971,000 a year ago.
The company provided earnings guidance for the year 2015. For the year 2015, the company expects earnings per share - GAAP basis of $4.32 to $4.52 and earnings per share - non-GAAP basis of $4.45 to $4.65. Free cash flow expects to be $210,000,000 to $240,000,000. Sales for 2015 are expected to be approximately $2.85 billion.