Exhibit 99.1
Crane Co.
Jason D. Feldman
Director, Investor Relations

Crane Co. Reports First Quarter Results

First Quarter 2017 Highlights:
Earnings per diluted share (EPS) of $1.05 increased 13% compared to $0.93 in 2016.
Sales of $673 million increased 2% compared to 2016, with core growth of 4%.
Raising 2017 EPS guidance to a range of $4.35-$4.55 vs. prior range of $4.30-$4.55.

STAMFORD, CONNECTICUT - April 24, 2017 - Crane Co. (NYSE: CR), a diversified manufacturer of highly engineered industrial products, reported first quarter 2017 earnings of $1.05 per diluted share, compared to $0.93 per share in the first quarter of 2016.

First quarter 2017 sales were $673 million, up 2% compared to $660 million in 2016. Core sales increased $28 million, or 4%, partially offset by a $12 million, or 2%, impact from unfavorable foreign exchange, and a small divestiture impact.

Max Mitchell, Crane Co. President and Chief Executive Officer, stated: "We are pleased with our strong start to the year, with first quarter operating results that were slightly better than anticipated. End market demand is generally as expected, and we continue to drive productivity, with strong execution evident across our businesses. We are also making consistent progress on growth initiatives


The following information was filed by Crane Co (CR) on Tuesday, April 25, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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