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CRAWFORD UNITED CORP - CRAWA STOCK NEWS

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Crawford United Corporation is a growth-oriented holding company based in Cleveland, Ohio, United States. The company provides specialty industrial products to various markets, including healthcare, education, aerospace, defense, and transportation. Crawford United Corporation operates two business segments: Commercial Air Handling Equipment and Industrial & Transportation Products. The company focuses on designing, manufacturing, and installing customized air handling solutions for hospitals, universities, aerospace, and defense industries. Crawford United Corporation has shown remarkable growth in sales, profitability, and cash flows, with a record net income of $13.1 million in the trailing twelve months. With a reduced total debt of $13.5 million, the company is well-positioned for increased revenue, profitability, and potential acquisitions.

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Crawford United (OTC: CRAWA) reported strong Q3 2024 results with sales of $36.7 million, up 9.2% from Q3 2023. Operating income increased 22.4% to $5.3 million, while net income rose 19.7% to $3.4 million ($0.95 per share). Year-to-date sales reached $112.8 million, up 2.5% from 2023, with operating income increasing 2.6% to $14.9 million. However, year-to-date net income decreased 4.1% to $9.6 million ($2.72 per share). The company completed two acquisitions in 2024, including Advanced Industrial Coatings, strengthening its presence in aerospace and defense markets.

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Crawford United (OTC: CRAWA) has announced the acquisition of Advanced Industrial Coatings, based in Stockton, California, effective August 30, 2024. This strategic move aims to strengthen Crawford's position in the aerospace and defense market. Advanced Industrial Coatings specializes in high-performance coatings for various industrial sectors, including aerospace, semiconductor, medical, and energy.

The acquisition is expected to contribute approximately $5 million in annualized revenue to Crawford United and have an immediate positive impact on earnings. CEO Brian Powers emphasized that this purchase will expand their offerings and diversify their customer base in the growing aerospace and defense market segment.

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Crawford United (OTC: CRAWA) reported its Q2 2024 results, showing mixed performance. The company saw a 1.9% increase in sales to $37.6 million for the quarter, but experienced declines in other key metrics. Net income decreased by 14.7% to $3.3 million, or $0.92 per diluted share. EBITDA As Defined fell by 9.5% to $6.7 million.

For the year-to-date period, Crawford United reported a slight decrease in sales of 0.4% to $76.1 million. Net income for this period was $6.3 million, or $1.77 per diluted share, representing a 13.3% decrease from the same period in 2023. Despite these challenges, the company's CEO, Brian Powers, noted sequential improvements in various metrics compared to Q1 2024 and expressed optimism about future strategic opportunities.

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Crawford United reported sales of $38.4 million for the first quarter of 2024, showing a $4.6 million increase from the prior quarter. The net income was $3.0 million with earnings per share of $0.85.

Despite a 2.6% decrease in sales compared to the same period in 2023, the company recorded operating income of $4.6 million. EBITDA As Defined was $6.7 million for the quarter, reflecting a 3.4% decrease from the previous year.

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Crawford United Corporation (CRAWA) reports strong financial performance for the year and quarter ended December 31, 2023, with notable increases in sales, net income, and EBITDA. The company achieved sales of $143.9 million for the year, a 12.6% increase, and net income of $13.3 million, up by 101.5%. Earnings per share for the year were $3.77, reflecting robust growth. EBITDA As Defined also saw a significant increase of 64.1% to $25.6 million. The company's President and CEO expressed confidence in their business model's success and strategic priorities, highlighting a focus on revenue growth, profitability, and debt reduction.
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Crawford United Corporation (CRAWA) announced the acquisition of Heany Industries, a materials engineering solutions company based in Scottsville, New York. The acquisition is expected to expand Crawford United's presence in the aerospace and defense market, diversify its customer base, and add approximately $7 million in annualized revenue, being immediately accretive to earnings.
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Crawford United Corporation (OTC: CRAWA) has announced a share repurchase program allowing for the repurchase of up to 300,000 of the company’s Class A and/or Class B Common Shares. The decision is based on the company's strong performance and confidence in its future prospects. The company may repurchase shares through various means, including open market purchases and privately negotiated transactions. The timing and total amount of share repurchases will depend on various factors, and the authorization has no expiration date. UBS Securities LLC will assist in executing the share repurchases.
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Crawford United Corporation (OTC: CRAWA) reported sales of $110.1 million year-to-date, an increase of 15.7%. Net income was $10.1 million year-to-date, an increase of 188.0%. EBITDA As Defined was $20.5 million year-to-date, an increase of 84.4%.
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Crawford United Corporation (OTC: CRAWA) Reports Strong Financial Results with Earnings per Share of $1.09 and Sales Increase of 21.5% Year-to-Date
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FAQ

What is the current stock price of CRAWFORD UNITED (CRAWA)?

The current stock price of CRAWFORD UNITED (CRAWA) is $43 as of December 12, 2024.

What is the market cap of CRAWFORD UNITED (CRAWA)?

The market cap of CRAWFORD UNITED (CRAWA) is approximately 151.8M.

Where is Crawford United Corporation based?

Crawford United Corporation is based in Cleveland, Ohio, United States.

What markets does Crawford United Corporation serve?

Crawford United Corporation serves diverse markets, including healthcare, education, aerospace, defense, and transportation.

What are the business segments of Crawford United Corporation?

Crawford United Corporation operates two business segments: Commercial Air Handling Equipment and Industrial & Transportation Products.

What is the focus of Crawford United Corporation's business?

Crawford United Corporation focuses on designing, manufacturing, and installing highly customized air handling solutions for hospitals, universities, aerospace, and defense industries.

What recent achievements has Crawford United Corporation shown?

Crawford United Corporation has demonstrated remarkable growth in sales, profitability, and cash flows, with a record net income of $13.1 million in the trailing twelve months.

How has Crawford United Corporation positioned itself for future growth?

With a reduced total debt of $13.5 million, Crawford United Corporation is well-positioned for increased revenue, profitability, and potential acquisitions.

CRAWFORD UNITED CORP

OTC:CRAWA

CRAWA Rankings

CRAWA Stock Data

151.84M
434.46k
84.53%
1.89%
Specialty Industrial Machinery
Industrials
Link
United States of America
Cleveland