Last $60.95 USD
Change Today +1.37 / 2.30%
Volume 604.5K
CR On Other Exchanges
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Exchange
New York
As of 8:04 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

crane co (CR) Key Developments

Crane Co. Announces Regular Quarterly Dividend for the First Quarter of 2015, Payable on March 10, 2015

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

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.

Crane Co. to Report Q4, 2014 Results on Jan 26, 2015

Crane Co. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Jan 26, 2015

Crane Co., Q4 2014 Earnings Call, Jan 27, 2015

Crane Co., Q4 2014 Earnings Call, Jan 27, 2015

Crane Mulls Acquisitions

Crane Co. (NYSE:CR) intends to make acquisitions. Max Mitchell, President and Chief Executive Officer of the company said: “We like the portfolio we've had over the last 14 years, we've continued to drive a transformation within that portfolio. There's been careful pruning and significant investment that has focused our portfolio in three key strategic areas of Aerospace and Electronics, Fluid Handling, Payment and Merchandising Technologies. We've said that we will continue to look at bolt-on acquisitions that will strengthen our core, as well as look at near adjacencies. So the update to our strategy as we think about the portfolio, is clearly expanding our lens in terms of near adjacencies in core areas of Fluid Handling and Aerospace and Electronics”

 

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CR

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Valuation CR Industry Range
Price/Earnings 18.9x
Price/Sales 1.2x
Price/Book 3.3x
Price/Cash Flow 18.7x
TEV/Sales 0.8x
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