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CRANE NEWS RELEASE Crane Co. Reports Third Quarter 2021 Results ; Raises and Narrows 2021 EPS Guidance ; Announces New $ 300 Million Share Repurchase Authorization 2021-10-25 Third Quarter 2021 Highlights • GAAP earnings from continuing operations per diluted share ( EPS ) of $ 1.87 compared to $ 0.84 in the third quarter of 2020 . • Excluding Special Items , record EPS from continuing operations ( " adjusted EPS " ) of $ 1.89 increased 103 % compared to $ 0.93 in the third quarter of 2020 . • Core year - over - year sales growth of 20 % and core year - over - year order growth of 31 % . • Raising and narrowing GAAP EPS from continuing operations guidance to $ 6.50- $ 6.60 , from $ 6.05- $ 6.25 . • Raising and narrowing EPS from continuing operations guidance , excluding Special Items , to $ 6.35- $ 6.45 , from $ 5.95- $ 6.15 . • Announced new $ 300 million share repurchase authorization . STAMFORD , Conn .-- ( BUSINESS WIRE ) -- Crane Co. ( NYSE : CR ) , a diversified manufacturer of highly engineered industrial products , reported third quarter 2021 financial results and updated its full - year 2021 outlook . Max Mitchell , Crane Co. President and Chief Executive Officer stated : " We delivered extremely strong results in the third quarter with record EPS . Performance was outstanding across all of our businesses , and we were able to achieve 20 % core year - over - year sales growth and high - teens adjusted operating margins even in the face of continued inflationary pressures and ongoing supply chain challenges . These results are a testament to the hard work and passion of our 11,000 global associates who drive the Crane culture for all stakeholders every day , and who successfully navigated through the myriad challenges of the last two years . " Looking ahead , we see further broad - based strengthening across our primary end markets which is reflected in our 31 % core year - over - year order growth and 13 % core year - over - year backlog growth . Considering our strong performance in the third quarter and our outlook for the balance of the year , we are raising the midpoint of our 1