By Dean Seal
Crane produced a higher profit in the first quarter as its core sales increased and productivity efforts helped bolster the bottom line.
The maker of industrial products posted a profit of $107.1 million, or $1.83 a share, compared with $64.8 million, or $1.12 a share, in the same period a year earlier.
Stripping out one-time items, adjusted earnings were $1.39 a share. Analysts polled by FactSet had been expecting $1.31 a share.
Sales rose 9% to $557.6 million, topping analyst forecasts for $548 million, according to FactSet.
Most of that growth came from higher core sales, though acquisitions provided a boost as well. Higher productivity and volumes contributed to the jump in earnings, Crane said.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
April 28, 2025 17:56 ET (21:56 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。