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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Crane Company's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Crane Company's position in the market.
Rhea-AI Summary
Crane Company reported strong financial results for the first quarter of 2024, with earnings per diluted share of $1.12 and adjusted EPS of $1.22. The company saw core sales growth of 5%, core orders growth of 11%, and core backlog growth of 11%. Crane raised its full-year adjusted EPS guidance to a range of $4.75-$5.05 and announced the acquisition of CryoWorks, Inc. for approximately $61 million. The company also declared a second quarter 2024 regular dividend of $0.205 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.65%
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Rhea-AI Summary
Crane Company (CR) announced the schedule for its first quarter 2024 earnings release, set for April 22, 2024. The teleconference, hosted by President & CEO Max H. Mitchell and CFO Richard A. Maue, will take place on April 23, 2023, at 10:00 AM (Eastern). Investors can access the call and accompanying slide presentation on the Crane Company website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.85%
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Rhea-AI Summary
Crane Company (CR) to host its annual investor conference with key executives presenting in New York City. Live webcast and web replay available for attendees.
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Rhea-AI Sentiment
End-of-Day
2.09%
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Rhea-AI Summary
Crane NXT acquires OpSec Security for $270 million, expanding its capabilities in brand protection and authentication solutions. The transaction is expected to deliver double-digit ROIC by year five, driving growth and sustainable value creation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.82%
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Rhea-AI Summary
Crane NXT appoints Hans Lidforss as Senior Vice President of Strategy to drive growth and M&A opportunities, aiming to reach $3 billion in revenues by 2028.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.06%
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Rhea-AI Summary
Crane NXT (CXT) reported strong financial results for Q4 and full year 2023, with core sales growth of 4% and 4.3% respectively. Adjusted EPS exceeded guidance at $4.16 for 2023. The company repaid $245 million of its term loan facility, reducing net leverage to 1.1x. Full year 2024 guidance includes Adjusted EPS of $4.10 to $4.35.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.94%
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Rhea-AI Summary
Crane Company (CR) reported impressive financial results for Q4 2023, with EPS of $0.86 and adjusted EPS of $0.90. The company achieved 5% core year-over-year sales growth and 8% core year-over-year backlog growth. Operating profit from continuing operations saw a 38% year-over-year growth, and adjusted operating profit from continuing operations grew by 14%. The company also announced a 10% growth in adjusted EPS for 2024 and raised its annual dividend by 14%. Crane made significant progress on its capital deployment and acquisition strategy with the acquisitions of Baum lined piping GmbH and Vian Enterprises, Inc. in October 2023 and January 2024, respectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.24%
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Rhea-AI Summary
Crane NXT, Co. (NYSE: CXT) has announced the schedule for its fourth quarter and full year 2023 results, with the earnings release set for February 14, 2024, and the earnings call scheduled for February 15, 2024. The call will be hosted by President & CEO Aaron W. Saak and Senior Vice President & CFO Christina Cristiano. Investors can access the call and accompanying slide presentation via the investor relations section of the company’s website or by dialing the provided phone numbers.
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Rhea-AI Sentiment
End-of-Day
0.58%
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Total Valve Systems partners with Crane ChemPharma & Energy, a business of Crane Company (NYSE:CR), to distribute and be an authorized service center for a variety of its valve products. Crane ChemPharma & Energy brands include Aloyco, Xomox, Pacific Valves, Hoke, Westlock Controls, Saunders, and other highly engineered products. Established in 1855, Crane ChemPharma & Energy is a leader in engineering and energy solutions, while Total Valve Systems has been serving the valve industry for over 40 years.
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Rhea-AI Sentiment
End-of-Day
0.58%
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Rhea-AI Summary
Crane NXT, Co. (NYSE: CXT) will participate in the CJS Securities 24th Annual “New Ideas for the New Year” Conference on January 10, 2024. Aaron Saak, President and CEO, and Christina Cristiano, SVP and CFO, will present at 1:35pm ET. The live webcast and replay will be available on Crane NXT’s investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.51%
Tags
Crane Company
NYSE:CR
CR Rankings
CR Stock Data
8.30B
48.70M
14.51%
76.18%
1.26%
Specialty Industrial Machinery
Industrials
United States of America
STAMFORD