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BRIEF-Crane Company Announces Agreement To Sell Engineered Materials Segment To KPS Capital Partners
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BRIEF-Crane Company Announces Agreement To Sell Engineered Materials Segment To KPS Capital Partners
Dec 2, 2024 2:46 PM

Dec 2 (Reuters) - Crane Co ( CR ):

* MPANY ANNOUNCES AGREEMENT TO SELL ENGINEERED MATERIALS

SEGMENT

TO KPS CAPITAL PARTNERS, LP

* TO SELL ENGINEERED MATERIALS BUSINESS TO KPS FOR $227

MILLION

* REVISED 2024 ADJUSTED EPS FROM CONTINUING OPERATIONS

GUIDANCE

$4.71 TO $4.86

* Q4 2024 ADJUSTED EPS FROM CONTINUING OPERATIONS EXPECTED

$1.10

TO $1.25

* Q4 EARNINGS PER SHARE VIEW $1.25 -- LSEG IBES DATA

* FY2024 EARNINGS PER SHARE VIEW $5.16 -- LSEG IBES DATA

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