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


Crane Co. Reports First Quarter Results and Raises 2018 EPS Guidance

First Quarter 2018 Highlights:

GAAP earnings per diluted share (EPS) of $1.13 compared to $1.05 last year; excluding Special Items, EPS of $1.31 increased 25% compared to 2017.
Raising 2018 GAAP EPS guidance to a range of $4.75-$4.95 vs. prior range of $4.65-$4.85; excluding Special Items, raising 2018 EPS guidance to a range of $5.45-$5.65 vs. prior range of $5.35-$5.55.
Revising 2018 free cash flow guidance (cash provided by operating activities less capital spending) to $240-$270 million vs. prior range of $220-$250 million.


STAMFORD, CONNECTICUT - April 23, 2018 - Crane Co. (NYSE: CR), a diversified manufacturer of highly engineered industrial products, reported first quarter 2018 earnings per diluted share (EPS) of $1.13, compared to $1.05 per diluted share in the first quarter of 2017. Excluding Special Items, first quarter 2018 EPS increased 25% to $1.31. (Please see the attached Non-GAAP Financial Measures tables.)

First quarter sales were a record $799 million, an increase of 19% compared to $673 million in the first quarter of 2017. The sales increase was comprised of a $103 million, or 15%, benefit from acquisitions, and a $28 million, or 4%, benefit from favorable foreign exchange, partially offset by a core sales decline of $5 million, or 1%.

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The following information was filed by Crane Co (CR) on Tuesday, April 24, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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