Crane reports Q4 adjusted EPS 90c, consensus 82c

Reports Q4 revenue $533M, consensus $520.59M. Max Mitchell, Crane’s President and Chief Executive Officer, stated: “Crane delivered yet another impressive quarter, with continued evidence of differentiated execution and accelerating results from growth initiatives. Throughout the year, we had strong operational performance across all businesses with 2023 financial highlights including record adjusted segment operating margins at Process Flow Technologies of 19.9%, a record backlog of $701 million at Aerospace & Electronics, and 7% core sales growth driving a 28% increase in adjusted operating profit from continuing operations.”