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Crane Company (CR)
NYSE:CR
Holding CR?
Track your performance easily
Earnings Data
Report Date
Jan 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.22Last Year’s EPS
$0.9Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 28, 2024
|% Change Since: 0.38%
|Next Earnings Date:Jan 27, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong overall performance with significant growth in key segments and an optimistic outlook despite challenges from natural disasters and industry disruptions.Company Guidance
During Crane Company's third-quarter 2024 earnings call, Max Mitchell highlighted a notable performance, with adjusted EPS reaching $1.38, supported by a 6% core sales growth. The company also experienced a 6% rise in core orders and a 10% increase in core backlog compared to the previous year. Despite challenges from Hurricane Helene and Typhoon Krathon, which affected operations in North Carolina, South Carolina, and Taiwan, Crane remains optimistic, raising its full-year adjusted EPS outlook to a range of $5.05 to $5.20. The company anticipates a 19% year-over-year EPS growth, with strong demand across its Aerospace & Electronics and Process Flow Technologies segments. Additionally, Crane is actively pursuing M&A opportunities, with expectations of completing a small transaction by year-end and exploring further deals in 2025.Strong Core Sales Growth
Crane achieved a 6% core sales growth, driven by Aerospace & Electronics and Process Flow Technologies, with adjusted EPS of $1.38.
Increased Earnings Forecast
Crane raised and narrowed its full-year adjusted EPS outlook to $5.05 to $5.20, reflecting a 19% year-over-year increase.
Robust Aerospace & Electronics Performance
Aerospace & Electronics segment reported 15% sales growth and a record backlog increase of 23% year-over-year, with improved margins.
Process Flow Technologies Expansion
Process Flow Technologies reported 16% sales growth, driven by a 7% core sales increase and a 9% benefit from acquisitions.
Healthy M&A Pipeline
Crane has substantial M&A capacity with expected transactions in 2025 and potentially a small deal before year-end 2024.
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CR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 28, 2024 | $152.22 | $158.66 | +4.23% |
| Jul 29, 2024 | $158.73 | $151.05 | -4.84% |
| Apr 22, 2024 | $130.23 | $137.58 | +5.64% |
| Jan 29, 2024 | $112.99 | $122.30 | +8.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Crane Company (CR) report earnings?
Crane Company (CR) is schdueled to report earning on Jan 27, 2025, TBA Not Confirmed.
What is Crane Company (CR) earnings time?
Crane Company (CR) earnings time is at Jan 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CR EPS forecast?
CR EPS forecast for the fiscal quarter 2024 (Q4) is $1.22.
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