Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $52.55 USD
Change Today +0.63 / 1.21%
Volume 287.2K
CR On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

crane co (CR) Key Developments

Crane Co. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Year 2015

Crane Co. announced earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total net sales of $711.2 million against $750.1 million a year ago. Total operating profit was $90.2 million against $97.6 million a year ago. Income before income taxes was $81.5 million against $86.7 million a year ago. Net income attributable to common shareholders was $55.8 million against $59.7 million a year ago. Earnings per diluted share were $0.95 against $1.00 a year ago. Total provided by operating activities was $57.8 million against $64.2 million a year ago. Capital expenditures were $9.9 million against $11.3 million a year ago. Free cash flow was $48.0 million against $52.9 million a year ago. Net income attributable to common shareholders before special items was $62.3 million against $69.0 million a year ago. Net income attributable to common shareholders before special items per share was $1.06 against $1.15 a year ago. The sales decline was comprised of a $39 million, or 5%, impact from unfavorable foreign exchange; and a divestiture impact of $4 million, or 1%; partially offset by positive core sales growth of $5 million, or 1%. For the six months, the company reported total net sales of $1,390.0 million against $1,466.9 million a year ago. Total operating profit was $176.2 million against $179.0 million a year ago. Income before income taxes was $157.8 million against $158.4 million a year ago. Net income attributable to common shareholders was $106.8 million against $108.4 million a year ago. Earnings per diluted share were $1.82 against $1.82 a year ago. Total provided by operating activities was $46.0 million against $45.3 million a year ago. Capital expenditures were $20.1 million against $20.7 million a year ago. Free cash flow was $26.0 million against $24.6 million a year ago. Net income attributable to common shareholders before special items was $116.4 million against $131.2 million a year ago. Net income attributable to common shareholders before special items per share was $1.98 against $2.20 a year ago. The company reduced its 2015 earnings per share guidance, excluding special items, to a range of $4.10 to $4.30, from the prior range of $4.30 to $4.50. Management expects 2015 core sales in a range of down 1% to up 1%, compared to its prior range of flat to up 2%. On a GAAP basis, EPS is now expected to be $3.90 to $4.10 versus a prior range of $4.17 to $4.37, which includes an incremental $7 million of restructuring charges, primarily in Fluid Handling. Full year 2015 free cash flow (cash provided by operating activities less capital spending) is now expected to be in a range of $190 million to $220 million versus prior guidance of $200 to $230 million. Non-GAAP earnings per share expected to be $4.10 to $4.30. Cash provided by operating activities expected to be $240.0 million to $260.0 million a year ago. Capital expenditures expected to be $50.0 million against $40.0 million a year ago. Free cash flow expected to be $190.0 million to $220.0 million.

Crane Co. Declares Third Quarter Dividend, Payable on September 9, 2015

Crane Co. announced its regular quarterly dividend of $0.33 per share for the third quarter of 2015. The dividend is payable on September 9, 2015 to shareholders of record as of the close of business on August 31, 2015.

Crane Co. to Report Q2, 2015 Results on Jul 27, 2015

Crane Co. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 27, 2015

Crane Co., Q2 2015 Earnings Call, Jul 28, 2015

Crane Co., Q2 2015 Earnings Call, Jul 28, 2015

Crane Co. Enters into Five-Year, $500 Million Second Amended and Restated Credit Agreement

On May 27, 2015, Crane Co, the Banks party thereto and JPMorgan Chase Bank, N.A. as administrative agent, entered into an amendment to the company's five-year, $500 million Second Amended and Restated Credit Agreement. Amendment No. 2, among other things, extends the maturity date under the Second Amended and Restated Credit Agreement to May 27, 2020 and amends the applicable margin on the revolving loans made pursuant to the Second Amended and Restated Credit Agreement. Following the effectiveness of Amendment No. 2, the applicable margin on the revolving loans is equal to a range based on the company's senior, unsecured, long-term debt rating between 0.0% and 0.25% for base rate loans and 0.795% and 1.50% for LIBOR loans.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CR:US $52.55 USD +0.63

CR Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Curtiss-Wright Corp $65.83 USD -0.01
ITT Corp $36.72 USD +0.92
Kennametal Inc $29.76 USD +1.12
Regal Beloit Corp $66.22 USD -0.52
Timken Co/The $31.35 USD +0.59
View Industry Companies
 

Industry Analysis

CR

Industry Average

Valuation CR Industry Range
Price/Earnings 16.3x
Price/Sales 1.1x
Price/Book 2.8x
Price/Cash Flow 16.0x
TEV/Sales 0.6x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CRANE CO, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.