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.
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 Holdings, Co. (NYSE: CR) announced the upcoming separation of its business into two independent publicly traded companies, anticipated to be completed in early April 2023. Following this separation, Crane NXT will focus on Industrial Technology, projected to achieve $1.4 billion in sales with a 30% Adjusted EBITDA margin. Aaron W. Saak has been appointed as President and CEO of Crane NXT. Additionally, Crane Company will continue as a global provider of engineered products, expected to generate $1.9 billion in annual sales with an 18.5% EBITDA margin.
Crane Holdings, Co. (NYSE: CR) announced the schedule for its Q3 2022 earnings release, set for October 24, 2022, after market close. The teleconference will occur on October 25, 2022, at 10:00 AM Eastern, featuring President & CEO Max H. Mitchell and CFO Richard A. Maue. Investors can access the call via the company’s website, where a slide presentation will also be available. Crane, a diversified manufacturer with a history dating back to 1855, operates in various industrial sectors with approximately 11,000 employees globally.
Crane Holdings, Co. (NYSE:CR) declared a quarterly dividend of $0.47 per share for Q4 2022. This dividend will be paid on December 14, 2022, to shareholders on record by the close of business on November 30, 2022. Crane, a diversified manufacturer since 1855, operates in sectors including aerospace and defense, with approximately 11,000 employees globally. The company focuses on engineered industrial products across four segments: Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies, and Engineered Materials.
Crane Holdings, Co. (NYSE: CR) has announced the divestiture of its subsidiary Redco Corporation, which holds all asbestos liabilities and related insurance assets, to Spruce Lake Liability Management. Crane has contributed approximately
Crane Holdings, Co. (NYSE: CR) reported a strong second quarter 2022, with GAAP earnings per share (EPS) of $4.93, including a $3.58 gain from the sale of Crane Supply. Core sales growth was 7%, while order growth reached 14%. The company raised its GAAP EPS guidance for the year to $9.80-$10.20, reflecting this gain. Adjusted operating margins were 17.3%, despite challenges from higher costs and lower volumes. The outlook remains positive, with solid demand across end markets, and a separation planned for early 2023 to enhance growth and shareholder value.
Crane Holdings, Co. has announced a quarterly dividend of
Crane Holdings, Co. (NYSE: CR) has scheduled its second quarter 2022 earnings release for July 25, 2022, after market close. The earnings report will be accessible on the company's website. A teleconference is set for July 26, 2022, at 10:00 AM (Eastern), hosted by President & CEO Max H. Mitchell and Senior VP & CFO Richard A. Maue. A web replay will be available post-call. Crane Holdings is a diversified manufacturer with a significant global presence, serving multiple industries including aerospace, defense, and payment automation.
Crane Holdings, Co. (NYSE: CR) announced the completion of the divestiture of Crane Supply on May 31, 2022. This strategic move is part of Crane's ongoing focus on streamlining its operations and enhancing shareholder value. Crane is a diversified manufacturer with a strong presence across various sectors, including aerospace, defense, and chemical processing. Established in 1855, the company operates globally with approximately 11,500 employees. For more details, visit www.craneco.com.
Crane Holdings, Co. (NYSE: CR) updated its full-year 2022 earnings guidance and reported progress on strategic transactions. The divestiture of Crane Supply is on track to close on May 31, 2022, with an expected cash transaction of CAD 380 million. However, the planned sale of the Engineered Materials segment was terminated due to Justice Department objections. Crane now projects GAAP EPS in the range of $6.80-$7.20, including contributions from Engineered Materials, raising the prior guidance of $6.35-$6.75. Adjusted operating margins are expected at 17.0% with total sales around $3.4 billion.
Crane Co. (NYSE: CR) reported Q1 2022 GAAP EPS of $1.64, down from $1.75 in Q1 2021. Adjusted EPS increased by 15% to $1.81. The company achieved 5% core sales growth and 12% order growth year-over-year. It completed a $300 million share repurchase program and announced the divestiture of Crane Supply for CAD 380 million to streamline operations. Crane also adjusted its GAAP EPS guidance to $6.35-$6.75 while reiterating adjusted EPS guidance of $7.00-$7.40. The leadership expressed confidence in achieving growth through portfolio restructuring and new initiatives.
FAQ
What is the current stock price of Crane Company (CR)?
What is the market cap of Crane Company (CR)?
What does Crane Company specialize in?
What are the core business segments of Crane Company?
What recent partnership has Crane Company announced?
How much revenue did Crane Company generate in 2023?
Which industries does Crane ChemPharma & Energy serve?
What are some of the brands under Crane ChemPharma & Energy?
Where can I find more information about Crane Company’s products?
What materials does Crane's engineered materials segment produce?
What role does Crane play in the aerospace industry?
How can I stay updated with Crane Company's latest news?
