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few me all like would start to the off take from First, I with call. a however, key away messages let you
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as Crane, the Crane's through team. when say I mean, downturns have as we've I just Third, before well rest I Rich mean managed I of we, don't leadership senior
Lastly, to you we Crane a it performance track with an differentiated comes is all outstanding execution when integrity. ethics based on and culture along and have know record an high operator strong extremely CBS capabilities, cost management. with that
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$XX $XXX free targeted is of a to with expect approximately $XXX of flow approximately capital spending reduction million XX%. cash million million We of which
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today, inherent the is range. partly unusually is which wide in the reflected our confidence lower guidance outlook in Given in forecasting challenges than usual, EPS
to you However, periods we give more about important latest it how I than even is thinking best in perform and expect probably normal our for reasons. markets extremely so to several more think
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range, entirely improvement from in full no year, levels of that quarter that scenario, quarter, second to envision sales actions the this In currently incremental we expect the half. year second or but those improvement would are bottom-end of remainder we've basically and persists the level implementing. the sequential some this we for also cost assumes in The decline beyond In related in we cost taken. scenario, actions EPS fourth the third that
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production that a low and XXXX of mix currency, perspective, original unfavorable for remember the acquisitions our From at of Crane guidance two the had compared impacts XXX XXXX. to our Max leverage leverage impact original to for the pause the guidance related
of XX% total actions. impressive range, Our rates mix involved expected considering inclusive our in the will deleverage to That be an here. XX% reflects revised guidance cost performance, particularly the
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cycle This valve very the handling and primarily exposure XX% Canada, with exposure business. of some segments U.S. additional and in to U.S. it business the fluid municipal U.K., close commercial construction includes East is non-residential a Our Middle the sales short in is
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it outlook, Rich overview that for financial strength with recent let turn and performance to some of our over and additional further me Well, our some on details. guidance business commentary
