NYSE$CR
Crane Co · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported excellent third quarter results with adjusted EPS growth driven by core sales growth.
Crane Company reported a strong third quarter in 2024, with a 13% increase in sales and a 34% increase in adjusted EPS. The company is raising its full-year adjusted EPS outlook to $5.05-$5.20.
- Earnings per diluted share (EPS) of $1.33, up 39%, and adjusted EPS of $1.38, up 34%.
- Sales of $597 million, up 13% driven by 6% core sales growth.
- Core order growth up 6% and core backlog growth up 10%, driven primarily by ongoing strength at Aerospace & Electronics.
- Raising and narrowing full year adjusted EPS outlook to a range of $5.05-$5.20, up from $4.95-$5.15.
Headline financials
Revenue & EPS history
Crane · Revenue · Quarterly
$597M
Revenue by segment
Crane · $267M total across 1 segment · Q3 2023
- Process Flow Tech$267M—100.0%
Forward guidance
Crane is raising and narrowing its full-year adjusted EPS outlook to a range of $5.05 to $5.20.
Tailwinds
- Total sales growth of approximately 11% (unchanged).
- Core sales growth of approximately 5% to 7% (unchanged, but now expected to be at the higher end of the range).
- Acquisition benefit of approximately 5% (unchanged).
- Adjusted segment operating margin of ~20.8% (up from 20.7%).
- Adjusted tax rate of 22.5% (prior 23.0%).
Headwinds
- Corporate cost of $80 million (unchanged).
- Net non-operating expense of $20 million (unchanged).
- Diluted shares of ~58 million (unchanged).
- Includes the negative impact from the production downtime resulting from Hurricane Helene.
- Free cash flow to fall at the lower end of estimated $255-$275 million range, primarily due to working capital headwinds commercial aerospace suppliers are facing, now coupled with the timing of hurricane-related insurance recoveries.
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 Q3 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% | — | — |
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