Crane reports Q4 EPS $2.13, consensus $1.90

Reports Q4 revenue $824M, consensus $822.57M. Q4 core sales increased 11% compared to last year, core orders increased 15%, and core backlog increased 28%. CEO Max Mitchell stated: "Another outstanding quarter of execution by our global team, along with continued progress toward our planned separation. Preparations for the separation are progressing smoothly, and we remain on-track for completion in April 2023. Both organizations continue to build out strong teams that will position both Crane Company and Crane NXT to deliver consistent, differentiated execution. Further, we continue to believe that the transaction will permit each post-separation company to optimize its investments and capital allocation policies to further accelerate growth and unlock shareholder value."