NYSE$CR
Crane Co · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported second quarter earnings with adjusted EPS growth driven by core sales growth and solid core operating leverage.
Crane Company reported strong second quarter 2024 results, with sales of $581 million, up 14% driven by 9% core sales growth. Adjusted EPS grew by 18% to $1.30, and the company raised its full-year adjusted EPS guidance to a range of $4.95-$5.15.
- Earnings per diluted share (EPS) of $1.23, up 64% and adjusted EPS of $1.30, up 18%.
- Sales of $581 million, up 14% driven by 9% core sales growth.
- Operating profit of $97 million increased 53% compared to last year, and adjusted operating profit of $103 million increased 22% compared to last year.
- Raising the midpoint of our full-year adjusted EPS guidance by $0.15 and narrowing the full year adjusted EPS outlook to a range of $4.95-$5.15, from prior range of $4.75-$5.05.
Headline financials
Revenue & EPS history
Crane · Revenue · Quarterly
$581M
Revenue by segment
Crane · $267M total across 1 segment · Q3 2023
- Process Flow Tech$267M—100.0%
Forward guidance
Crane is raising the midpoint of its full-year adjusted EPS guidance by $0.15 and narrowing the adjusted EPS outlook to a range of $4.95 to $5.15.
Tailwinds
- Total sales growth of approximately 11% driven by core sales growth.
- Core sales growth of approximately 5% to 7%.
- Acquisition benefit of approximately 5%.
- Adjusted segment operating margin of ~20.7%.
- Net non-operating expense of $20 million.
Headwinds
- Corporate cost of $80 million.
- Adjusted tax rate of 23.0%.
- Macroeconomic fluctuations may harm our business, results of operation and stock price
- Information systems and technology networks failures and breaches in data security, theft of personally identifiable and other information, non-compliance with our contractual or other legal obligations regarding such information
- Our ability to source components and raw materials from suppliers, including disruptions and delays in our supply chain
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 12 quarterly earnings reports · overlaid with Q2 2024
+0.8%
Avg return
Earnings day
+1.8%
Avg return
5 days after
+5.2%
Avg return
30 days after
58%
38 / 65 earnings
Positive
+11.6%
Q3 2023
Best reaction
-11.4%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.7% | -5.9% | -1.0% | |
| Q4 2025 | -11.4% | -12.9% | -2.7% | |
| Q3 2025 | +0.0% | -0.6% | -4.4% | |
| Q2 2025 | -0.9% | -0.5% | -4.2% | |
| Q1 2025 | +1.3% | +5.3% | +7.9% | |
| Q4 2024 | +8.7% | +5.3% | +0.8% | |
| Q3 2024 | +6.6% | +5.6% | +21.8% | |
| Q2 2024 | -4.7% | -8.2% | -2.5% | |
| Q1 2024 | +6.7% | +11.5% | +13.3% | |
| Q4 2023 | +8.8% | +11.5% | +9.2% | |
| Q3 2023 | +11.6% | +8.5% | +27.9% | |
| Q2 2023 | +2.7% | +3.5% | -4.6% | |
| Q1 2023 | -2.5% | +0.4% | +5.5% | |
| Q4 2022 | +6.7% | — | — | |
| Q3 2022 | -1.5% | — | — | |
| Q2 2022 | -2.2% | — | — | |
| Q1 2022 | -5.7% | — | — | |
| Q4 2021 | +1.9% | — | — | |
| Q3 2021 | +7.6% | — | — | |
| Q2 2021 | +3.4% | — | — | |
| Q1 2021 | +3.7% | — | — | |
| Q4 2020 | -4.1% | — | — | |
| Q3 2020 | -4.7% | — | — | |
| Q2 2020 | -5.9% | — | — | |
| Q1 2020 | +6.9% | — | — | |
| Q4 2019 | -0.2% | — | — | |
| Q3 2019 | -6.2% | — | — | |
| Q2 2019 | +4.1% | — | — | |
| Q1 2019 | -2.2% | — | — | |
| Q4 2018 | +4.3% | — | — | |
| Q3 2018 | -1.3% | — | — | |
| Q2 2018 | -0.8% | — | — | |
| Q1 2018 | -7.7% | — | — | |
| Q4 2017 | +2.9% | — | — | |
| Q3 2017 | +2.0% | — | — | |
| Q2 2017 | -7.3% | — | — | |
| Q1 2017 | +5.0% | — | — | |
| Q4 2016 | -3.1% | — | — | |
| Q3 2016 | +11.5% | — | — | |
| Q2 2016 | +5.4% | — | — | |
| Q1 2016 | -0.2% | — | — | |
| Q4 2015 | +3.8% | — | — | |
| Q3 2015 | +4.8% | — | — | |
| Q2 2015 | +0.4% | — | — | |
| Q1 2015 | +1.4% | — | — | |
| Q4 2014 | +2.4% | — | — | |
| Q3 2014 | +0.3% | — | — | |
| Q2 2014 | -0.2% | — | — | |
| Q1 2014 | +3.1% | — | — | |
| Q4 2013 | +1.6% | — | — | |
| Q3 2013 | +1.8% | — | — | |
| Q2 2013 | -1.1% | — | — | |
| Q1 2013 | +0.4% | — | — | |
| Q4 2012 | +2.0% | — | — | |
| Q3 2012 | +3.4% | — | — | |
| Q2 2012 | +1.3% | — | — | |
| Q1 2012 | -2.0% | — | — | |
| Q4 2011 | -1.7% | — | — | |
| Q3 2011 | +1.2% | — | — | |
| Q2 2011 | -4.4% | — | — | |
| Q1 2011 | +1.3% | — | — | |
| Q4 2010 | +0.1% | — | — | |
| Q3 2010 | +1.4% | — | — | |
| Q2 2010 | -0.3% | — | — | |
| Q1 2010 | -5.4% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro