Crane Co. Raises 2018 Guidance - Quick Facts

(RTTNews) - Crane Co. (CR) announced the company now expects 2018 full year EPS, excluding special items, of $5.60-$5.80, compared to the prior range of $5.45-$5.65. The company increased its 2018 GAAP EPS guidance to a range of $4.90-$5.10, compared to the prior range of $4.75-$4.95.

Full year 2018 free cash flow is now expected to be in a range of $250-$280 million, compared to the prior range of $240-$270 million.

For the second-quarter, excluding special items, EPS increased 20% to $1.41. Second quarter sales were a record $851 million, an increase of 21% compared to $703 million in the second quarter of 2017.