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 (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.
Crane Company (NYSE: CR) has announced the schedule for its third quarter 2024 earnings release and teleconference. The earnings release will be distributed on October 28, 2024 after market close, available on the company's website at www.craneco.com. A teleconference will follow on October 29, 2024 at 10:00 AM (Eastern), hosted by Max H. Mitchell, President & CEO, and Richard A. Maue, Executive Vice President & CFO.
The call will be accessible in listen-only mode via Crane Company's website, accompanied by a slide presentation. A web replay will be available shortly after the live call concludes.
Crane Company (NYSE:CR) has appointed Susan D. Lynch to its Board of Directors. Lynch brings over 25 years of financial experience, including senior leadership roles in aerospace and defense industries. She currently serves on the boards of Allegro MicroSystems and Onto Innovation Inc. Previously, Lynch was SVP and CFO at V2X (2019-2023), EVP and CFO at Sungard Availability Services (2016-2019), and EVP and CFO at Hitachi Data Systems (2007-2015). She has also held senior positions at Raytheon Technical Services and Honeywell. Crane's CEO, Max H. Mitchell, expressed enthusiasm about Lynch's appointment, highlighting her experience and potential contributions to the company's growth strategy and shareholder value.
Crane Company (NYSE: CR) reported strong Q2 2024 results, raising its full-year adjusted EPS guidance. Key highlights include:
- EPS of $1.23, up 64%; adjusted EPS of $1.30, up 18%
- Sales of $581 million, up 14% with 9% core sales growth
- Full-year adjusted EPS guidance raised to $4.95-$5.15
- Strong performance in Aerospace & Electronics and Process Flow Technologies segments
- Solid order growth and strong backlog
The company's strategic investments in growth and commercial excellence are driving above-market core sales growth. Crane's strong balance sheet provides optionality for organic investments and strategic acquisitions.
Crane Company (NYSE: CR) has announced its regular quarterly dividend for the third quarter of 2024. The company will pay $0.205 per share to shareholders of record as of August 30, 2024. The dividend payment date is set for September 11, 2024. This announcement demonstrates Crane Company's commitment to providing consistent returns to its shareholders, maintaining its dividend policy despite potential economic uncertainties.
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.
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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