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CRANE COMPANY - CR STOCK NEWS

Welcome to our dedicated page for CRANE COMPANY news (Ticker: CR), a resource for investors and traders seeking the latest updates and insights on CRANE COMPANY stock.

Overview of Crane Company (NYSE: CR)

Crane Company stands as a diversified industrial manufacturer with a deep-rooted history in engineering innovation and operational excellence. The company manufactures a broad range of industrial products including valves, pumps, aerospace components, and advanced fiberglass-reinforced plastic panels, serving both high-tech and traditional industrial markets. Its robust and diversified portfolio ensures that it meets the evolving demands across various sectors, including aerospace, electronics, and process flow technologies.

Business Segments and Operations

Crane Company operates through two main segments. The first, focused on aerospace and electronics, leverages cutting-edge engineering to produce components that are critical in the manufacturing of advanced aerospace systems. This segment underscores the importance of precision engineering and technological advancement in maintaining competitive differentiation in highly complex markets.

The second segment, dedicated to process flow technologies, encompasses the manufacture of products such as valves and pumps. These products are fundamental for numerous industrial applications, including energy, manufacturing, and water management systems. This division highlights the company’s commitment to providing reliable, high-quality manufacturing solutions that underpin critical infrastructure and industrial processes.

Product Portfolio and Technological Innovation

Crane Company's product portfolio is characterized by its diversity and adaptability. In the aerospace and electronics sector, the company provides precision-engineered components that meet strict quality and performance standards required by this technologically demanding industry. In contrast, its process flow technologies segment focuses on robust and durable products that are essential to maintaining operational efficiency in industries such as oil and gas, water treatment, and industrial manufacturing.

An important aspect of Crane Company's operations is its focus on innovation in composite materials. The company has developed expertise in manufacturing high-quality fiberglass-reinforced plastic products. These composites are used in an array of applications ranging from building construction panels to components used in recreational vehicles and transportation. By integrating advanced composite materials, Crane Company not only meets the performance standards of modern engineering but also ensures the longevity and reliability of its products.

Market Position and Competitive Landscape

Crane Company is positioned as a critical player in the industrial manufacturing landscape. It supplies components that are essential for both emerging high-technology sectors and long-established industrial markets. The company’s diversified approach and commitment to quality give it a competitive edge in serving end-markets that are both high-volume and technologically specialized.

In an industry characterized by rapid technological advancements and evolving customer requirements, Crane Company distinguishes itself by continuously investing in product innovation and precision manufacturing techniques. Its integrated approach to production, combining both advanced aerospace components and reliable process flow technologies, enables a balanced revenue model that mitigates market volatility and fosters long-term stability.

Operational Excellence and Quality Assurance

Central to Crane Company’s enduring success is its operational focus on quality assurance and process optimization. The company adheres to rigorous manufacturing standards and quality control protocols to ensure that every product meets or exceeds industry benchmarks. This dedication to precision not only boosts customer confidence but also supports its reputation as an established industrial manufacturer committed to operational excellence.

Through the combination of skilled engineering, state-of-the-art manufacturing practices, and stringent quality control, Crane Company routinely reinforces its position as a reliable supplier in both the aerospace and process flow technology sectors. This focus on quality and consistency forms the backbone of its business strategy, fostering strong, long-lasting relationships with customers and partners across diverse end markets.

Expertise in Industrial Solutions

With decades of experience, Crane Company has built a strong foundation in the industrial manufacturing arena. Its profound expertise in designing and producing both high-performance aerospace components and essential industrial products illustrates a comprehensive understanding of complex engineering challenges. This expertise, combined with a commitment to steady innovation, secures its place as a trusted partner for companies relying on advanced industrial solutions.

The company's proactive approach to integrating evolving technologies within its product lines demonstrates how traditional manufacturing can harmonize with modern engineering trends. By doing so, Crane Company continuously adapts to the dynamic nature of industrial demands while preserving the integrity and dependability of its products.

Strategic Industry Relationships and Long-Term Value

Crane Company's success is also attributed to its strategic relationships with suppliers, customers, and industry partners. These relationships are built on mutual trust and a shared commitment to innovation and quality. This collaborative approach helps ensure that the company not only meets current market needs but also is well-equipped to adapt to future challenges within its operating segments.

In the broader competitive landscape, the company is recognized for its balanced product offerings and its capacity to serve multiple market segments effectively. Its integrated business model enables navigation across various economic cycles, ensuring that it remains a reliable provider of industrial solutions irrespective of short-term market fluctuations. The diverse nature of its operations underpins its long-term stability and positions it as a cornerstone in the industrial manufacturing sector.

Commitment to Engineering Excellence

At its core, Crane Company is dedicated to engineering excellence. This commitment is exemplified by its rigorous R&D initiatives and continuous improvement programs, which together foster a culture of innovation. By leveraging advanced technologies and maintaining tight quality controls, the company consistently delivers products that not only meet industry standards but set benchmarks for performance and reliability.

This engineering-centric approach ensures that each product is a result of both proven techniques and emerging innovations, providing a robust foundation for any industrial application. Such detailed attention to product development underscores the company’s proficiency in blending legacy manufacturing practices with modern technological advancements.

Understanding the Company for Investors and Industry Analysts

For investors and industry researchers, understanding Crane Company requires an appreciation of its multifaceted business model, operational strengths, and market segmentation. The company's diversified structure offers a unique balance between high-tech innovation in aerospace and the dependable performance of process flow products. Such a dual approach not only broadens market exposure but also enhances the resilience of its operational model.

Crane Company's portfolio reflects a nuanced, comprehensive strategy that spans both emerging and established technologies. Its consistent adherence to quality and operational efficiency underlines why it remains a subject of interest for investors seeking to understand the intricacies of industrial manufacturing. The clear delineation of its business segments provides valuable insights into how different facets of its operations contribute to a cohesive overall strategy.

Key Takeaways

  • Diversified Product Portfolio: Ranging from aerospace components to industrial valves and pumps, Crane Company offers products critical to many industrial applications.
  • Dual Business Segments: With its focus on both aerospace/electronics and process flow technologies, the company is adept at navigating distinct industrial sectors.
  • Focus on Quality and Innovation: Rigorous quality assurance and continual product innovation are central to its strategy, ensuring reliability and performance across all product lines.
  • Balanced Market Position: Its diversified operations equip the company to address both high-growth technology sectors and stable, traditional industrial markets.
  • Industry Expertise: Decades of specialized manufacturing and engineering excellence demonstrate its deep industry knowledge and operational proficiency.
Rhea-AI Summary

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.

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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.

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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.

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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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Crane Holdings, Co. (NYSE: CR) announced that Crane NXT, its Industrial Technology business, will be independent from Crane Co. on April 3, 2023. Jennifer Kartono has been appointed as Senior VP and Chief Human Resources Officer for Crane NXT, effective April 10, 2023. She brings over 25 years of experience from Iron Mountain, focusing on enhancing talent acquisition, diversity, and inclusion initiatives. The separation will involve a tax-free distribution of its Aerospace & Electronics, Process Flow Technologies, and Engineered Materials to shareholders. Post-separation, both entities will operate independently while maintaining a commitment to high ethical standards.

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Crane Company is set to become an independent entity following the separation transaction on April 3, 2023. The Company has secured $1.65 billion in credit agreements to enhance post-separation balance sheets for both Crane Company and its spin-off, Crane NXT. Crane Company will have about $150 to $200 million cash at separation, leading to a net debt of $100 to $150 million. Crane NXT will maintain $200 to $250 million in cash with a net debt of $645 to $695 million, positioning both firms for future growth and acquisitions.

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Crane Holdings, Co. (NYSE: CR) is set to become an independent company named Crane NXT on April 3, 2023, following a successful separation transaction. The company appointed Paul G. Igoe as Senior Vice President, General Counsel, and Secretary, effective March 20, 2023. Igoe, previously with SS&C Technologies and Teradyne, brings extensive experience in the industrial technology sector. Crane NXT will focus on growth strategies in security and authentication technologies. Shareholders will retain 100% equity in both the new Crane NXT and the remaining Crane Company post-separation.

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Crane NXT is set to become an independent company on April 3, 2023, following a separation from Crane Holdings. An investor conference will take place on March 9, 2023, where executives will discuss the company’s growth strategy and financial outlook. Crane NXT aims to provide technology solutions for asset security and authentication, anticipating an annual dividend of $0.56 post-separation. The leadership emphasizes a strong balance sheet and potential for long-term shareholder value, while reaffirming its 2023 earnings guidance originally disclosed in January.

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Crane Company is set to become an independent entity effective April 3, 2023, following its separation from Crane Holdings, Co. An investor conference will be held on March 9, 2023, in New York City, featuring key executives discussing the company's growth strategy. Crane Company aims for 4% to 6% long-term core sales growth and anticipates operating profit growth at double the sales growth rate. The company expects a strong balance sheet with $4 billion in cumulative capacity through 2028. Additionally, it will pay an annual dividend of $0.72 per share.

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Crane Holdings, Co. (NYSE: CR) announced a separation into two publicly traded companies, with a tax-free distribution of its Aerospace & Electronics, Process Flow Technologies, and Engineered Materials sectors to shareholders. The spin-off will occur on April 3, 2023, where shareholders on record as of March 23, 2023, will receive shares of the new Crane Company, retaining their Crane Holdings shares, which will be renamed Crane NXT, Co. Trading under the current ticker 'CR' continues until the distribution date, followed by a transition to 'CXT' for Crane NXT, Co. This strategic move aims to enhance shareholder value and operational focus.

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FAQ

What is the current stock price of CRANE COMPANY (CR)?

The current stock price of CRANE COMPANY (CR) is $136.78 as of April 21, 2025.

What is the market cap of CRANE COMPANY (CR)?

The market cap of CRANE COMPANY (CR) is approximately 8.1B.

What are the primary business segments of Crane Company?

Crane Company operates mainly in two segments: aerospace and electronics, and process flow technologies. This dual focus allows it to serve both high-tech and traditional industrial markets.

How does Crane Company generate its revenue?

The company generates revenue through the manufacturing and sale of a diverse range of products including valves, pumps, aerospace components, and fiberglass-reinforced plastic panels across various industries.

What industries benefit from Crane Company's products?

Its products are used in industries such as aerospace, electronics, oil and gas, water management, construction, and transportation. The variety ensures broad market coverage across high-growth and stable sectors.

How does Crane Company ensure the quality of its products?

Crane Company adheres to rigorous quality assurance protocols and employs precision engineering techniques. This commitment to quality is integral to maintaining operational excellence and customer trust.

What sets Crane Company's composite products apart?

The company has developed advanced fiberglass-reinforced plastic panels and other composite products renowned for their durability and performance. These composites are integral to various high-quality industrial and construction applications.

How is Crane Company positioned in the competitive industrial sector?

Crane Company stands out due to its diversified product portfolio and dual focus on cutting-edge aerospace components and robust industrial products. This balanced approach enables it to navigate various market conditions effectively.

How does the company integrate technological innovations in its products?

Crane Company continuously invests in research and development to enhance its product offerings. It combines traditional manufacturing excellence with modern engineering innovations to meet evolving industry standards.

What is the significance of Crane Company's dual business model?

The dual business model allows the company to leverage opportunities in both high-efficiency process flow solutions and the advanced technological needs of the aerospace sector. This strategy mitigates risks associated with market fluctuations.
CRANE COMPANY

NYSE:CR

CR Rankings

CR Stock Data

8.12B
49.09M
14.48%
76.05%
1.05%
Specialty Industrial Machinery
Miscellaneous Fabricated Metal Products
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United States
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