Crane reports Q2 adjusted EPS $1.10, consensus 93c

Reports Q2 revenue $510M, consensus $512.84M. Max Mitchell, Crane’s President and CEO, stated: “Crane delivered another impressive quarter, its first as a newly independent company following completion of our April 2023 separation transaction. Core year-over-year sales growth of 5% drove a 30% increase in adjusted operating profit from continuing operations, further demonstrating how we have positioned our businesses to drive accelerated growth along with consistent and differentiated operational execution. Notably, adjusted operating margins were at or above 20% in both of our strategic growth platforms.”