Crane reports Q2 adjusted EPS $1.49, consensus $1.33

Reports Q2 revenue $577.2M, consensus $567.85M. Max Mitchell, Crane’s (CR) Chairman, President and Chief Executive Officer, stated: “My thanks and appreciation to the global Crane team for delivering another excellent quarter, with 24% adjusted EPS growth on 6.5% core sales growth resulting from our focus on exceeding our customers’ expectations with exceptional technology and service. Demand trends across our strategic growth platforms remained strong in the quarter, with 19.6% year-over-year core order growth and 18.2% year-over-year core backlog growth.”