Crane pany(CR) - 2021 Q3 - Earnings Call Presentation
Crane panyCrane pany(US:CR)2021-10-29 22:53

Q3 2021 Financial Performance - Sales increased to $834 million, a 21% increase compared to $689 million in Q3 2020[2] - Operating Profit rose significantly to $140 million, a 69% increase from $83 million in Q3 2020[2] - Earnings per Share from Continuing Operations increased by 103% to $1.89, compared to $0.93 in Q3 2020[2] - Free Cash Flow from Continuing Operations decreased by 11% to $103 million, down from $115 million in Q3 2020[2] Segment Performance - Aerospace & Electronics sales increased by 7% to $169 million, with operating profit up 33% to $33 million[4] - Process Flow Technologies sales increased by 19% to $299 million, with operating profit up 60% to $46 million[5] - Payment & Merchandising Technologies sales increased by 31% to $366 million, with operating profit up 87% to $83 million[7] 2021 Guidance - The company updated its 2021 guidance, projecting net sales of $3150 million[11] - Adjusted Earnings per Share are now expected to be between $6.35 and $6.45[11] - Free Cash Flow is projected to be between $340 million and $365 million[11]