Courtesy of Benzinga
Crane Co. (NYSE: CR) says “sales for 2011 are now expected to increase approximately 14% – 16%, compared to our prior guidance of 10% – 12%, driven by strong core sales growth. Our 2011 earnings guidance is now a range of $3.30 – $3.45 per diluted share, compared to our previous guidance of $3.05 – $3.25 per diluted share. Free cash flow (cash provided by operating activities less capital spending) is now expected to be in a range of $140 – $160 million, compared to our previous estimate of $130 – $150 million.”