06202018Wed
Last updateTue, 19 Jun 2018 2pm

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Valve Manufacturing

Crane Co. Reports Fourth Quarter 2017 Results

Crane Co. reports a fourth quarter 2017 GAAP net loss of $0.48 per share, compared to a fourth quarter 2016 GAAP net loss of $1.09 per share. Fourth quarter 2017 sales were $714 million, up 5% compared to 2016. Core sales increased $13 million, or 2%, with $14 million, or 2%, of favorable foreign exchange, and a $5 million, or 1%, net acquisition benefit.

Fourth quarter 2017 operating profit was $91 million compared to an operating loss of $92 million in 2016. Excluding Special Items, fourth quarter 2017 operating profit was $109 million, an increase of 8% compared to 2016. 

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