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) delivers engineered industrial solutions across aerospace, electronics, and process flow technologies. This news hub provides investors and industry professionals with authoritative updates on corporate developments directly impacting CR's market position.
Access real-time press releases covering quarterly earnings, strategic partnerships, and product innovations in composite materials and precision components. Our curated feed simplifies tracking regulatory filings, leadership changes, and operational milestones across CR's core segments.
Key updates include advancements in aerospace component manufacturing, process flow technology deployments, and sustainability initiatives. Bookmark this page for immediate access to material disclosures that inform analysis of CR's performance in industrial markets.
Crane Company reported strong Q1 2025 results, with earnings per share (EPS) from continuing operations reaching $1.34, up 31%, and adjusted EPS of $1.39, up 24%. Sales grew 9.3% to $557.6 million, driven by 7.5% core sales growth.
Key highlights include:
- Core order growth up 15.6%
- Core backlog growth up 12.1%
- Quarterly dividend of $0.23 per share
- Reaffirmed full-year adjusted EPS outlook of $5.30-$5.60
The Aerospace & Electronics segment showed exceptional performance with sales of $248.9 million, up 10.2%, particularly strong in aftermarket sales (+20.4%). The Process Flow Technologies segment reported sales of $308.7 million, an 8.6% increase.
Despite economic uncertainties, Crane maintains a strong financial position with $435.1 million in cash and $247.1 million in total debt. The company remains active in M&A opportunities across both major segments, focusing on disciplined inorganic growth to drive shareholder returns.
Crane Company (NYSE: CR) has scheduled its first quarter 2025 earnings release and teleconference. The earnings will be released on April 28, 2025 after market close, with results available through public distribution and the company website. A teleconference will follow on April 29, 2025 at 10:00 AM Eastern, featuring President & CEO Max H. Mitchell, Executive VP & COO Alex Alcala, and Executive VP & CFO Richard A. Maue.
The call will be accessible in listen-only mode via craneco.com, accompanied by a slide presentation. A web replay will be made available on the company website following the live call.
Crane Company (NYSE: CR) reported strong Q4 2024 results with EPS from continuing operations of $1.20, up 58%, and adjusted EPS of $1.26. Sales reached $544 million, showing 12% growth driven by 8% core sales increase. The company announced a 12% dividend increase to $0.92 per share annually.
Key highlights include core order growth of 8% and core backlog growth of 9%, primarily driven by Aerospace & Electronics strength. The company initiated its 2025 adjusted EPS guidance at $5.30-$5.60, projecting 12% growth at midpoint compared to 2024.
For full-year 2024, Crane achieved 14% sales growth, with operating profit of $356 million (up 42%) and adjusted operating profit of $383 million (up 29%). The company completed strategic acquisitions of Vian, CryoWorks and Technifab, while divesting its Engineered Materials segment effective January 1, 2025.
Crane Company (NYSE: CR) has scheduled its fourth quarter 2024 earnings release and teleconference. The earnings release will be published on January 27, 2025 after market close, available through public distribution and the company's website. A teleconference will follow on January 28, 2025 at 10:00 AM Eastern, hosted by President & CEO Max H. Mitchell, Executive VP & COO Alex Alcala, and Executive VP & CFO Richard A. Maue.
The call will be accessible in listen-only mode via the company's website, accompanied by a slide presentation. A web replay will be made available on the website shortly after the live call concludes.
Crane Company (NYSE:CR), an industrial manufacturing and technology company, has completed the divestiture of its Engineered Materials business unit to KPS Capital Partners, LP. The transaction, which was previously announced, marks a significant strategic move for the company.
Crane Company (NYSE:CR) has promoted Alejandro (Alex) Alcala to Chief Operating Officer (COO), effective immediately. In this role, Alcala will oversee all Crane business segments and the Crane Business System organization. Since joining Crane in 2013, Alcala has held various leadership positions, including President of Crane Pumps & Systems, President of ChemPharma & Energy, and Senior Vice President of Process Flow Technologies, where he achieved record profitability and growth. Most recently, he served as Executive Vice President with responsibility for all Crane's businesses.
Chairman, President and CEO Max H. Mitchell praised Alcala's contributions to the company's strategic transformation and his execution of complex initiatives, from acquisition integration to operational excellence.
KPS Capital Partners has signed a definitive agreement to acquire Crane Composites, the Engineered Materials business of Crane Company (NYSE: CR), for $227 million. The transaction is expected to close in Q1 2025. Crane Composites is a leading manufacturer of fiberglass reinforced plastic composite products, including wall and ceiling panels for commercial construction, and panels for recreational vehicles and transportation. The company operates four manufacturing facilities across the US and employs approximately 430 people. Under KPS ownership, the company plans to pursue both organic growth and strategic acquisitions.
Crane Company (NYSE:CR) has announced an agreement to sell its Engineered Materials business to KPS Capital Partners for $227 million. This divestiture aligns with Crane's strategy to simplify its portfolio and focus on two strategic growth platforms: Aerospace & Electronics and Process Flow Technologies. Following recent acquisitions including Baum Lined Piping, Vian Enterprises, CryoWorks, and Technifab Products, the company expects to close this transaction in Q1 2025. Crane has updated its 2024 adjusted EPS guidance from $5.05-$5.20 to $4.71-$4.86, reflecting Engineered Materials' presentation as discontinued operations.
Crane Company (NYSE:CR) has completed the acquisition of Technifab Products, a provider of vacuum insulated pipe systems and valves for cryogenic applications, for $40.5 million. Technifab, founded in 1992 and based in Brazil, Indiana, reported trailing 12-month sales of approximately $20 million and adjusted EBITDA of $4 million through September 2024. The acquisition enhances Crane's Process Flow Technologies segment, expanding its cryogenics capabilities in semiconductor, medical, and pharmaceutical markets.
Crane Company (NYSE: CR) reported strong Q3 2024 results with EPS of $1.33, up 39%, and adjusted EPS of $1.38, up 34%. Sales reached $597 million, increasing 13% with 6% core sales growth. The company demonstrated robust performance in its Aerospace & Electronics segment, with core order growth up 6% and core backlog growth up 10%. Based on these results, Crane raised its full-year adjusted EPS guidance to $5.05-$5.20, up from $4.95-$5.15. However, performance was slightly impacted by Hurricane Helene affecting a Process Flow Technologies facility in Marion, North Carolina.
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