Brief: Crane Company Announces Agreement To Sell Engineered Materials Segment To KPS Capital Partners

Crane

02/12/2024 22:19

Dec 2 (Reuters) - Crane Co  CR.N :
    * 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

Source text:  ID:nBw2f4BSMa 
Further company coverage:  CR.N 

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