Crane reaffirms FY12 EPS $3.75-$3.85 ex-items, consensus $3.75 The EPS guidance includes 4c associated with the first half profits from discontinued operations, but excludes the following Special Items: the gain from the previously announced sale of two businesses, 33c per share, and repositioning costs, 26c per share. The 2012 EPS guidance also assumes a 5c per share benefit associated with a potential retroactive application of the Research and Development tax credit still under consideration in Congress. Full year 2012 free cash flow remains in a range of $150M-$180M.
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