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.
BofA/Merrill industrials/EU autos analysts hold analyst/industry conference call Analysts provide a discussion of the key takeaways from the recently held Global Industrials & European Autos Conference on an Analyst/Industry conference call. to be held on March 23 at 10 am.