Exhibit 99.1
 
 
 
 
 
 
Crane Co.
 
 
News
 
 
 
 
 
 
 
 
 
Contact:
 
 
 
 
Jason D. Feldman
 
 
 
 
Director, Investor Relations
 
 
 
 
203-363-7329
 
 
 
 
www.craneco.com
 


Crane Co. Reports 2017 Results and Updates 2018 Guidance

Highlights from Full Year 2017 Results and 2018 Guidance:
GAAP earnings per diluted share (EPS) of $2.84 compared to $2.07 in 2016. Excluding Special Items, EPS of $4.53 increased 7% compared to last year.
Record free cash flow (cash provided by operating activities less capital spending) of $269 million.
Revising 2018 GAAP EPS guidance range to $4.65-$4.85. Excluding Special Items, the new guidance range is $5.35-$5.55.
Guidance now includes the impact of the Crane Currency acquisition, the impacts of the 2017 U.S. tax reform legislation, a new repositioning program, and expenses associated with acceleration of growth investments enabled by tax reform.

STAMFORD, CONNECTICUT - January 29, 2018 - Crane Co. (NYSE: CR), a diversified manufacturer of highly engineered industrial products, reported full year and fourth quarter 2017 financial results, and provided an update on its 2018 outlook.

"We delivered three new records in 2017: adjusted EPS of $4.53, adjusted operating margins of 15.2%, and free cash flow of $269 million," said Max Mitchell, Crane Co. President and Chief Executive Officer. "I am very proud of our 2017 performance, and I have never been more excited about Crane's multi-year earnings outlook than I am today. Our core business is executing extremely well; the recently completed Crane Currency acquisition is off to a great start; the recent tax reform legislation will not only improve our profitability, but it will enable us to accelerate investments for future growth; and we continue to focus on margin improvement through productivity and certain new repositioning actions.

1

The following information was filed by Crane Co (CR) on Tuesday, January 30, 2018 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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