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研究快訊:Crane第一季獲利超預期;OE銷售持續加速成長

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-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師總結如下:CR公司第一季業績強勁,每股盈餘(EPS)為1.65美元(年成長15%),超越市場普遍預期的1.45美元。這項優異表現促使CR將全年調整後每股盈餘預期從6.55美元至6.75美元上調至6.65美元至6.85美元,中位數成長12%。我們認為業績超預期和預期上調主要歸功於近期收購的成功整合以及OEM航空航天設備業務的內生性銷售成長。航太業務仍是主要的成長動力,核心銷售額成長9.4%至3.18億美元,這得益於OEM業務16%的成長和積壓訂單14%的擴張,反映了飛機生產爬坡的良好勢頭。流程技術業務表現喜憂參半,內生性銷售額下降0.6%,但強勁的收購貢獻抵消了部分影響,使該業務部門的總銷售額達到3.78億美元。我們對剝離資產後的併購活動感到鼓舞,並相信CR的航太擴張將推動獲利進一步成長,儘管我們預計在成本協同效應實現之前,短期內利潤率會下降。

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