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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) has announced a donation of $105,215 from the Crane Foundation to support a Revenue Cycle Management Certification Program for students and alumni of the Richard T. Crane Medical Prep High School in Chicago. The program, hosted by Rush University Medical Center and Lurie Children’s Hospital, aims to equip participants with essential skills for careers in healthcare. The initiative includes a six-week internship with hands-on training and resources provided at no cost. The school has achieved a 100% graduation rate for three consecutive years, preparing students for competitive job markets.
Crane Co. (NYSE:CR) will host its annual investor conference virtually on February 25, 2021, from 9:00 AM to 11:00 AM (EST). The company has raised its 2021 GAAP earnings per share (EPS) guidance by $0.10, now forecasting between $4.95 and $5.15. Core sales growth is projected at about 3%. CEO Max Mitchell emphasized the company's strong position for growth post-COVID, asserting that an inflection point for acceleration is at hand. Key themes of the conference will include recovery expectations, product development, inorganic growth opportunities, and the company’s solid cultural foundation.
Crane Co. (NYSE:CR) will host its annual investor conference virtually on February 25, 2021, from 9:00 AM to 11:00 AM (Eastern). Key executives, including Max H. Mitchell, will present during the event. Interested participants can access the live webcast through the Company's website, with a replay available post-event. Crane Co. is a diversified manufacturer serving industries such as chemicals, oil & gas, and aerospace, among others. Founded in 1855, the company operates four business segments and employs approximately 11,000 globally.
Crane Co. (NYSE: CR) reported its 2020 financial results and provided a positive outlook for 2021. The company anticipates adjusted EPS guidance between $4.90 and $5.10, reflecting a projected 30% growth year-over-year. Despite a 11% sales decline in 2020, driven by COVID-19 impacts, Crane saw robust order rates in December with a year-over-year growth of 11%. The firm maintained strong liquidity of $1.1 billion and achieved gross cost savings of $105 million. However, logistics disruptions persist, impacting operations moving forward.
Crane Co. has declared a quarterly dividend of $0.43 per share for Q1 2021, payable on March 10, 2021. Shareholders on record as of February 26, 2021 will receive this dividend. The company operates in multiple sectors including chemicals, oil & gas, power, and aerospace, through its four segments: Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. Crane Co. is listed on the NYSE under the ticker CR.
Crane Co. (NYSE: CR) will release its fourth quarter 2020 earnings on January 25, 2021, after market close. Following the release, a teleconference will take place on January 26, 2021, at 10:00 AM Eastern, hosted by President & CEO Max H. Mitchell and Senior VP & CFO Richard A. Maue. Interested parties can access the call in listen-only mode on the company’s website. Crane Co. operates in several sectors including chemicals, oil & gas, and aerospace, with a dedicated workforce of approximately 11,000 employees globally.
Crane Co. (NYSE: CR) announces the election of John S. Stroup to its Board of Directors. Stroup has extensive experience in industrial manufacturing, having served as Executive Chairman of Belden Inc. since May 2020, and previously led the company as President and CEO. He has also held leadership roles at Danaher Corporation and Rockwell Automation. Chairman James L.L. Tullis believes Stroup's expertise in business strategy and leadership will significantly benefit the company's governance.
Crane Co. (NYSE: CR) has reported third quarter 2020 GAAP earnings per diluted share of $0.97, down from $1.19 in Q3 2019. Excluding Special Items, EPS was $1.05, a decrease from $1.40. Sales fell 5% to $735 million, driven by a 13% decline in core sales due to COVID-19. Operating profit decreased to $85 million, with a margin drop to 11.6%. Free cash flow increased to $124 million, and the company raised its full-year EPS guidance to $3.10-$3.35 from $2.65-$3.45. Liquidity stands at approximately $1,018 million.
Crane Co. has declared a regular quarterly dividend of $0.43 per share for Q4 2020, payable on December 9, 2020. Shareholders of record as of November 30, 2020 will receive this dividend. The company operates across diverse sectors, including chemicals, oil & gas, and aerospace, and employs approximately 11,000 personnel globally. Crane Co. is publicly traded on the NYSE under the symbol CR.
Crane Co. (NYSE: CR) will release its third quarter earnings on October 26, 2020, after market close. A teleconference, led by President & CEO Max H. Mitchell, will follow on October 27, 2020, at 10:00 AM Eastern. Investors can access the call and accompanying presentation materials on the Crane Co. website. With over 11,000 employees, Crane Co. operates across multiple sectors, including chemicals, oil & gas, aerospace, and defense.
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