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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 Co. (NYSE: CR) announced that the Department of Justice (DOJ) has filed a complaint to block the sale of its Engineered Materials segment to Grupo Verzatec due to antitrust concerns. The company plans to engage with the DOJ and Verzatec to address these issues. The press release includes forward-looking statements subject to risks and uncertainties, including the impact of the COVID-19 pandemic, economic conditions, regulatory approvals, and potential asbestos claims, which could affect financial performance and shareholder value.
Crane Co. (NYSE:CR) will host its annual investor conference on March 30, 2022, from 8:30 AM to 12:00 PM in New York City. The event will feature presentations from CEO Max H. Mitchell and other executives, available via live webcast and replay on the company's website. Crane Co. is a diversified manufacturer serving various sectors, including chemicals and aerospace, with approximately 11,000 employees globally. The company is in the process of divesting its Engineered Materials segment, awaiting regulatory approval.
Crane Co. (NYSE: CR) reported impressive full-year 2021 results, with GAAP earnings per diluted share (EPS) of $6.66, compared to $2.77 in 2020. Key highlights include a record operating margin of 15.8% and free cash flow of $415 million. Core sales grew by 12%, while order growth reached 19%. For 2022, Crane Co. projects GAAP EPS between $6.85 and $7.25, indicating a 10% increase. The company also announced a 9% dividend increase to $0.47 per share and plans to repurchase up to $200 million in shares, reflecting a robust financial outlook.
Crane Co. has declared a quarterly dividend of $0.47 per share for Q1 2022. This dividend will be paid on March 9, 2022, to shareholders on record as of February 28, 2022. Crane Co. operates in various sectors, including chemicals, oil & gas, aerospace & defense, and payment solutions. The company is in the process of divesting its Engineered Materials segment, pending regulatory approval. Founded in 1855, Crane Co. employs around 11,000 individuals globally and is traded on the NYSE under the ticker CR.
Crane Co. (NYSE: CR) has announced its fourth quarter 2021 earnings release date and teleconference schedule. The earnings release is set for January 24, 2022, after market close, with details available on the company’s website. A teleconference will take place on January 25, 2022, at 10:00 AM Eastern, featuring CEO Max H. Mitchell and CFO Richard A. Maue. A web replay will be available shortly after the live call. Crane Co. is a diversified manufacturer serving various industries, including chemicals and aerospace.
Crane Co. (NYSE: CR) reported a remarkable third quarter 2021, achieving GAAP EPS of $1.87, a significant increase from $0.84 in Q3 2020. The adjusted EPS rose 103% to $1.89. Sales surged 21% year-over-year to $834 million, with core sales growing by 20% and orders up by 31%. The company has raised its full-year EPS guidance to $6.50-$6.60 and authorized a new $300 million share repurchase. Strong operational performance is evident with an operating profit margin of 16.6%, up from 11.1% last year, reflecting robust demand and effective cost management.
Crane Co. has declared a quarterly dividend of $0.43 per share for Q4 2021. This dividend will be payable on December 8, 2021 to shareholders on record by the close of business on November 30, 2021. The company operates in various sectors including chemicals, oil & gas, and aerospace & defense, and is pending the divestment of its Engineered Materials segment. Crane Co. employs around 11,000 people globally and is listed on the NYSE under the ticker CR.
Crane Co. (NYSE: CR) will release its third quarter 2021 earnings on October 25, 2021 after market close. The earnings will be made available via public distribution and on the Crane website. A teleconference will follow on October 26, 2021 at 10:00 AM (Eastern), hosted by President & CEO Max H. Mitchell and Senior VP & CFO Richard A. Maue. Participants can join via the Crane website, where a slide presentation will also be available. Crane Co. operates in various sectors including aerospace, oil, and gas, employing around 11,000 staff globally.
Crane Co. (NYSE: CR) reported strong Q2 2021 results with record adjusted EPS and operating margins of 17.6%. Sales reached $796 million, up 24% year-over-year, driven by a 19% increase in core sales. The company raised its full-year EPS guidance to $5.95-$6.15, reflecting a 70% year-over-year increase. Key segments like Process Flow Technologies saw significant growth, with a 30% sales increase. Cash flow from operations improved significantly to $198 million. Crane Co. remains committed to robust investments in technology and strategic growth initiatives.
Crane Co. announced a quarterly dividend of $0.43 per share for Q3 2021, payable on September 8, 2021, to shareholders of record by August 31, 2021. The company, established in 1855, manufactures engineered industrial products across various sectors including chemicals, aerospace, and automated payment solutions. Crane Co. is undergoing a divestiture of its Engineered Materials segment, pending regulatory approval. It operates four primary segments and employs approximately 11,000 people globally.
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