Crane Third Quarter 2024 Earnings: In Line With Expectations

Crane (NYSE:CR) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$597.2m (up 13% from 3Q 2023).
• Net income: US$77.3m (up 40% from 3Q 2023).
• Profit margin: 13% (up from 10% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.35 (up from US$0.97 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Crane Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are up 6.6% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Crane's balance sheet and an in-depth analysis of the company's financial position.

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