Long lasting stock market figure: Crane Co. (NYSE: CR)
On 07 Feb 2020, Crane Co. (NYSE: CR) spotted trading -3.72% off 52-week high price. On the other end, the stock has been noted 21.04% away from the low price over the last 52-weeks. The stock changed -1.23% to recent value of $87.84. The stock transacted 202108 shares during most recent day however it has an average volume of 259.11K shares. The company has 61.04M of outstanding shares and 51.22M shares were floated in the market.
Crane Co. (CR) stated full year and fourth quarter 2019 financial results, and provided its 2020 outlook.
“We finished 2019 strong, with solid operational performance across our businesses, and we took several other actions to further strengthen Crane for continued profitable growth,” stated Max Mitchell, Crane Co. President and Chief Executive Officer. “In addition to solid progress on numerous growth and productivity initiatives last year, we delivered a record $325M of free cash flow. We also repurchased $80M of shares during the fourth quarter, and recently, we raised our dividend by 10%, further reflecting confidence in our long-term outlook.”
Fourth Quarter 2019 Results
Fourth quarter 2019 GAAP net loss of $1.89 per share contrast to earnings of $1.46 per diluted share in the fourth quarter of 2018. Not Including Special Items, 2019 fourth quarter EPS of $1.58 contrast to $1.64 in the fourth quarter of last year. (Please see the attached Non-GAAP Financial Measures tables for a detailed reconciliation of stated results to adjusted measures.)
Fourth quarter 2019 sales were $838M, a slight decline contrast to the fourth quarter of 2018. The sales decline was comprised of $4M of unfavorable foreign exchange, partially offset by $2M of core growth.
Fourth quarter 2019 operating loss was $135M, contrast to operating profit of $110M in the fourth quarter of 2018. Not Including Special Items, operating profit of $128M increased 3% contrast to $125M in the fourth quarter of last year. Not Including Special Items, operating margin of 15.3% increased 50 basis points contrast to 14.8% last year. (Please see the attached Non-GAAP Financial Measures tables for a detailed reconciliation of stated results to adjusted measures.)
Full Year 2019 Results
Full year 2019 GAAP EPS was $2.20, contrast to $5.50 in 2018. Not Including Special Items, 2019 EPS increased slightly to $6.02, contrast to $5.99 in 2018. (Please see the attached Non-GAAP Financial Measures tables for a detailed reconciliation of stated results to adjusted measures.)
Full year 2019 sales were $3.3B, a decline of 2% contrast to 2018. The sales decline was comprised of $53M, or 2%, of unfavorable foreign exchange, and a $13M decline in core sales, partially offset by a $4M net benefit from acquisitions.
Full year 2019 operating profit was $210M, contrast to $441M in 2018. Operating margin of 6.4% contrast to 13.2% last year. Not Including Special Items, record operating profit of $494M increased 2% contrast to $485M in 2018. Not Including Special Items, record operating margin of 15.0% increased 50 basis points contrast to 14.5% last year. (Please see the attached Non-GAAP Financial Measures tables for a detailed reconciliation of stated results to adjusted measures.)
Full Year Cash Flow and Other Financial Metrics
Cash provided by operating activities for full year 2019 was $394M, contrast to $414M in 2018. Full year 2019 free cash flow (cash provided by operating activities less capital spending) was $325M, contrast to $305M of free cash flow last year. The Company completed $80M of share repurchases during the fourth quarter of 2019. (Please see the attached Non-GAAP Financial Measures tables for a detailed reconciliation of stated results to adjusted measures.)
The Company’s cash position was $394M at December 31, 2019, contrast to $343M at December 31, 2018. Total debt was $991M at December 31, 2019, contrast to $949M at December 31, 2018.
Its earnings per share (EPS) expected to touch remained 26.60% for this year while earning per share for the next 5-years is expected to reach at 6.90%. CR has a gross margin of 28.40% and an operating margin of 14.30% while its profit margin remained 11.00% for the last 12 months. The price moved ahead of 1.40% from the mean of 20 days, 2.36% from mean of 50 days SMA and performed 6.87% from mean of 200 days price. Company’s performance for the week was 2.78%, 1.47% for month and YTD performance remained 1.69%.
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