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Crane Company - CR STOCK NEWS

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) 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.

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Crane Company (NYSE: CR) has announced the schedule for its second quarter 2024 earnings release and subsequent teleconference. The earnings release is scheduled for July 29, 2024, after the market closes. A teleconference will follow on July 30, 2024, at 10:00 AM (Eastern), hosted by President & CEO Max H. Mitchell and Executive VP & CFO Richard A. Maue. The call will be accessible in a listen-only mode via the company’s website, where an accompanying slide presentation will also be available. A web replay of the call will be available shortly after its completion.

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Crane Company (NYSE: CR) announced the resignation of John S. Stroup from its Board of Directors, effective July 22, 2024, due to his new role as a Partner at Clayton, Dubilier & Rice. The Board accepted his resignation on June 5, 2024. John Stroup served on Crane's Board during several transformative transactions that significantly increased shareholder value. Chairman Max H. Mitchell expressed gratitude for Stroup's contributions and wished him success in his new position.

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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.
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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.
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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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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.
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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.
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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.
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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.
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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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FAQ

What does Crane Company specialize in?

Crane Company specializes in manufacturing valves, pumps, aerospace components, and fiberglass-reinforced plastic panels.

What are the core business segments of Crane Company?

Crane Company operates through three main segments: aerospace and electronics, process flow technologies, and engineered materials.

What recent partnership has Crane Company announced?

Crane Company has recently partnered with Total Valve Systems to distribute and service a variety of its valve products.

How much revenue did Crane Company generate in 2023?

Crane Company generated approximately $2.1 billion in revenue in 2023.

Which industries does Crane ChemPharma & Energy serve?

Crane ChemPharma & Energy serves industries such as chemical processing, biotechnology, pharmaceutical, oil and gas, refining, and power generation.

What are some of the brands under Crane ChemPharma & Energy?

Some of the brands under Crane ChemPharma & Energy include Aloyco®, Xomox®, Pacific Valves®, Saunders®, and Duo-Chek®.

Where can I find more information about Crane Company’s products?

More information about Crane Company’s products can be found on their official website or through authorized distributors like Total Valve Systems.

What materials does Crane's engineered materials segment produce?

Crane's engineered materials segment produces fiberglass-reinforced plastic panels and other advanced materials.

What role does Crane play in the aerospace industry?

Crane provides high-performance components essential for aviation and defense systems, including valves, actuators, and control systems.

How can I stay updated with Crane Company's latest news?

You can stay updated with Crane Company's latest news by visiting their official website or consulting financial news platforms.

Crane Company

NYSE:CR

CR Rankings

CR Stock Data

8.40B
57.16M
14.5%
74.73%
1.1%
Specialty Industrial Machinery
Industrials
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United States of America
STAMFORD