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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.