Crane Co. Reports Second Quarter Results
Second Quarter 2017 Highlights:
- Continued strong execution with operating margins reaching a record high of 15.5%. Excluding Special Items, operating margins were 15.9%.
- Deployed $58 million of cash to close two acquisitions during the quarter.
- GAAP earnings per diluted share (EPS) of $1.14. Excluding Special Items, EPS was $1.17.
- Full year GAAP EPS guidance of $4.31-$4.51 and reaffirming EPS guidance, excluding Special Items, of $4.35-$4.55.