Crawford United - CRAWA STOCK NEWS

Crawford United (OTC: CRAWA) has announced the acquisition of Rahn Industries, a leading manufacturer of HVAC coils and related coatings, for approximately $13 million in cash, effective January 2, 2025. The deal includes operations in Whittier, California and Portland, Tennessee.

The transaction includes a $1 million escrow for working capital adjustments and seller's indemnification obligations. Rahn Industries serves OEM and aftermarket customers in healthcare, industrial, energy, and defense sectors. The acquisition is expected to generate approximately $18 million in annualized revenue and be immediately accretive to earnings.

This strategic acquisition secures a critical supply chain component for Crawford United's Commercial Air Handling segment, as HVAC coils represent the largest expenditure for their Air Enterprises business.

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.

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.

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.

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.

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.

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.

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.

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%.