Crane raises 2024 adjusted EPS outlook after Q3 EPS rises 39% to $1.33
Crane Company reported third quarter 2024 results on October 28, 2024, with GAAP earnings per diluted share of $1.33, up from $0.96, and sales of $597 million, up 13%. The company raised and narrowed its full-year 2024 adjusted EPS outlook to $5.05-$5.20 from $4.95-$5.15, but said it now expects free cash flow at the lower end of its $255-$275 million range.
Key points
- Q3 GAAP EPS of $1.33 vs. $0.96 a year earlier; adjusted EPS of $1.38 vs. $1.03.
- Q3 sales of $597 million, up 13%, including 6% core sales growth.
- Full-year adjusted EPS outlook raised to $5.05-$5.20 from $4.95-$5.15.
- Full-year free cash flow now expected at the lower end of $255-$275 million, citing working capital and hurricane-related insurance timing; Hurricane Helene affected a Marion, North Carolina facility.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.