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28.10.2024 21:59:32
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Crane Co. Lifts FY EPS Outlook
(RTTNews) - While reporting its third-quarter results, Crane Company (CR) raised its outlook for the full year.
The company now expects full-year adjusted earnings of $5.05 to $5.20 per share, up from $4.95 to $5.15 per share.
Analysts currently estimate earnings of $5.11 per share for the full year.
CEO Max Mitchell said: "We delivered another quarter of excellent results, with 34% adjusted EPS growth driven by 6% core sales growth, reflecting continued strong execution by our teams globally. Furthermore, demand trends across our strategic growth platforms were also encouraging in the quarter, with 6% year-over-year core order growth and 10% year-over-year core backlog growth, giving us confidence as we close out the year and increasingly look toward 2025."
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