Crane Co. Reports Fourth Quarter Results; Posts Record EPS In 2012; Provides Updated 2013 EPS Guidance Of $4.10 - $4.30
Aerospace & Electronics order backlog was $378 million at December 31, 2012 compared to $393 million at September 30, 2012 and $411 million at December 31, 2011.
Engineered Materials
| Fourth Quarter | Change | |||||||||||
| (dollars in millions) | 2012 | 2011 | ||||||||||
| Sales | $46.9 | $45.0 | $1.9 | 4% | ||||||||
| Operating Profit | $3.3 | $4.6 | ($1.2) | -27% | ||||||||
| Operating Profit, before Special Items* | $4.7 | $4.6 | $0.1 | 2% | ||||||||
| Profit Margin | 7.1% | 10.1% | ||||||||||
| Profit Margin, before Special Items | 10.0% | 10.1% | ||||||||||
* Excludes $1.3 million of repositioning charges in Q4 '12 related to the closure of a manufacturing facility.
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