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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。