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Crane Company (NYSE: CR) is a diversified industrial firm that has been a leader in engineering and manufacturing since its establishment in 1855. The company operates through three main segments: aerospace and electronics, process flow technologies, and engineered materials. Each segment plays a critical role in addressing the needs of various industries, ranging from aerospace to chemical processing.
In the aerospace and electronics segment, Crane specializes in producing high-performance components essential for aviation and defense systems. From valves and actuators to sophisticated control systems, Crane's innovations ensure reliability and efficiency in some of the most demanding environments.
The process flow technologies segment is anchored by Crane ChemPharma & Energy, which recently announced a partnership with Total Valve Systems to distribute and provide authorized service for a range of valve products. These products include well-known brands such as Aloyco®, Xomox®, Pacific Valves®, and Saunders®, among others. This segment focuses on designing and manufacturing high-performance valves, pipes, actuation systems, and fittings, serving industries like biotechnology, pharmaceutical, oil and gas, and power generation.
In the engineered materials segment, Crane produces fiberglass-reinforced plastic panels and other advanced materials that meet the precise requirements of modern engineering projects. These materials are integral to a variety of applications, offering strength, durability, and lightweight properties.
Financially, Crane generated approximately $2.1 billion in revenue in 2023, underscoring its robust market presence and operational efficiency. The company's continuous innovation and strategic partnerships have cemented its reputation as a trusted provider of high-quality industrial products.
To stay updated with Crane's latest developments, partnerships, and financial performance, visit their official website or consult financial news platforms for the most recent updates.
Crane NXT, Co. (NYSE: CXT) announced its first quarter 2023 earnings release scheduled for May 10, 2023, after market closure. The earnings results will be accessible on their website. A teleconference is set for May 11, 2023, at 11:30 AM Eastern, hosted by key executives, Aaron W. Saak and Christina Cristiano. This call will be available in a listen-only mode also on their website, alongside a slide presentation. Crane NXT is recognized for its advanced micro-optics technology and operates globally, employing around 4,000 individuals across multiple countries. Investors are encouraged to join the teleconference for insights into the company's performance and strategy.
Crane Company (NYSE: CR) has announced its schedule for the first quarter 2023 earnings release, set for May 10, 2023, after market close. This will be publicly distributed and available on the company’s website at www.craneco.com.
A teleconference is scheduled for May 11, 2023, at 10:00 AM (Eastern), featuring President & CEO Max H. Mitchell and Executive VP & CFO Richard A. Maue. The call will be accessible in listen-only mode on the company’s website, along with an accompanying slide presentation.
A web replay will be available post-call on the company's website. Crane Company, established in 1855, specializes in engineered industrial products across various sectors, employing around 7,000 individuals globally.
Crane Company has successfully separated from Crane Holdings, launching as an independent publicly traded company under the ticker CR, effective April 4, 2023. This significant milestone was celebrated by ringing the Opening Bell at the New York Stock Exchange. Crane, a manufacturer of engineered industrial products, aims to strengthen its business model focused on two strategic growth platforms: Aerospace & Electronics and Process Flow Technologies. The company's leadership believes this separation will enhance capital allocation strategies and attract a supportive investor base.
Crane Company (NYSE: CR) and Crane NXT are set to officially separate into independent entities on April 3, 2023. This separation involves a tax-free distribution of Crane's Aerospace & Electronics, Process Flow Technologies, and Engineered Materials segments to existing shareholders. Crane NXT will focus on Payment & Merchandising Technologies and has appointed a strong executive team led by President and CEO Aaron W. Saak. The new board includes seasoned professionals with extensive industry experience. The transition aims to enhance business performance and shareholder value, while all shareholders will retain equity in both companies.
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