Crane Co. Q4 Profit Rises - Quick Facts

(RTTNews) - Crane Co. (CR), a diversified manufacturer of highly engineered industrial products, reported fourth-quarter net income to shareholders of $56.21 million or $0.95 per share, compared to $49.71 million or $0.84 per share, prior year. Adjusted earnings per share was $1.13, for the quarter.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $1.13 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $730.66 million from $681.45 million last year. Analysts expected revenue of $736.72 million for the quarter.

The company expects 2015 sales to be approximately $2.85 billion. Excluding Special Items, earnings are expected to be in a range of $4.45-$4.65 per share. On a GAAP basis, the company expects earnings of $4.32-$4.52 per share. Analysts expect the company to report full year 2015 earnings per share of $4.79 on revenue of $3.01 billion.