How Crane’s Process Flow Technologies Are Quietly Powering Revenue Growth!  

Crane Company recently presented its third-quarter 2024 financial results, showcasing several key highlights and challenges. The company’s performance this quarter was marked by a solid increase in both core sales and earnings per share, despite encountering multiple operational disruptions. Firstly, Crane demonstrated robust financial performance by exceeding expectations, with adjusted earnings per share (EPS) rising to $1.38. This growth was predominantly attributed to a 6% increase in core sales. Both of Crane’s major segments, Aerospace & Electronics and Process Flow Technologies, contributed to this growth. The company also reported a 10% increase in core backlog from the previous year, underscoring strong demand in its markets. However, Crane faced significant operational challenges due to natural disasters. Hurricanes Helene and Milton notably affected Crane’s operations, particularly at its Marion, North Carolina, facility. Despite these setbacks, the company expects that insurance will cover all business interruptions, although the recoveries are not anticipated until early the following year.