Crane Co. (CR) has announced a noteworthy increase in its fourth-quarter earnings compared to the previous year. The company posted a net income of $81.0 million, translating to $1.38 per share, a significant rise from the $49.4 million, or $0.86 per share, recorded last year.
After adjusting for certain items, Crane Co. reported an adjusted net income of $73.7 million, which corresponds to $1.26 per share for the quarter.
In terms of revenue, the company saw a 14.4% increase, reaching $554.1 million, up from $484.3 million in the same quarter of the prior year.
Here’s a quick overview of Crane Co.'s earnings under Generally Accepted Accounting Principles (GAAP):
- **Net Income**: $81.0 million compared to $49.4 million the previous year.
- **Earnings Per Share (EPS)**: $1.38 compared to last year's $0.86.
- **Revenue**: $554.1 million versus $484.3 million last year.
