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) generates a steady flow of news as an industrial manufacturing and technology business focused on highly engineered components for mission-critical applications. Its disclosures highlight activity across aerospace, defense, space and process industry end markets, organized through the Aerospace & Electronics and Process Flow Technologies platforms.
News about Crane frequently centers on quarterly earnings results, where the company reports sales, segment performance, margins, orders and backlog, along with updates to its full-year adjusted EPS outlook. These releases often include commentary on demand trends in Aerospace & Electronics and Process Flow Technologies, as well as information about dividends declared by the board of directors.
Another recurring theme in Crane’s news is portfolio evolution and acquisitions. The company has announced transactions such as the agreement to acquire Precision Sensors & Instrumentation (PSI) from Baker Hughes and later the completion of that acquisition, describing PSI as a provider of sensor-based technologies for aerospace, nuclear and process industries. Earlier communications referenced acquisitions including Vian, CryoWorks and Technifab, and the divestiture of the Engineered Materials segment.
Investors following Crane’s news can also expect updates on financing and capital allocation, including the establishment of a senior unsecured credit agreement with a delayed draw term loan and revolving credit facility to support acquisitions like PSI. The company additionally issues notices about upcoming earnings releases and teleconferences, providing schedules and access details for webcasts and slide presentations.
This news page aggregates these types of announcements so readers can review Crane’s earnings reports, strategic transactions, capital structure developments and other material events in one place. Regularly reviewing this feed can help investors and observers understand how Crane’s two strategic platforms are performing and how management is executing its strategy over time.
Crane NXT, Co. (NYSE: CXT) announced its first quarter 2023 earnings release scheduled for May 10, 2023, after market closure. The earnings results will be accessible on their website. A teleconference is set for May 11, 2023, at 11:30 AM Eastern, hosted by key executives, Aaron W. Saak and Christina Cristiano. This call will be available in a listen-only mode also on their website, alongside a slide presentation. Crane NXT is recognized for its advanced micro-optics technology and operates globally, employing around 4,000 individuals across multiple countries. Investors are encouraged to join the teleconference for insights into the company's performance and strategy.
Crane Company (NYSE: CR) has announced its schedule for the first quarter 2023 earnings release, set for May 10, 2023, after market close. This will be publicly distributed and available on the company’s website at www.craneco.com.
A teleconference is scheduled for May 11, 2023, at 10:00 AM (Eastern), featuring President & CEO Max H. Mitchell and Executive VP & CFO Richard A. Maue. The call will be accessible in listen-only mode on the company’s website, along with an accompanying slide presentation.
A web replay will be available post-call on the company's website. Crane Company, established in 1855, specializes in engineered industrial products across various sectors, employing around 7,000 individuals globally.
Crane Company has successfully separated from Crane Holdings, launching as an independent publicly traded company under the ticker CR, effective April 4, 2023. This significant milestone was celebrated by ringing the Opening Bell at the New York Stock Exchange. Crane, a manufacturer of engineered industrial products, aims to strengthen its business model focused on two strategic growth platforms: Aerospace & Electronics and Process Flow Technologies. The company's leadership believes this separation will enhance capital allocation strategies and attract a supportive investor base.
Crane Company (NYSE: CR) and Crane NXT are set to officially separate into independent entities on April 3, 2023. This separation involves a tax-free distribution of Crane's Aerospace & Electronics, Process Flow Technologies, and Engineered Materials segments to existing shareholders. Crane NXT will focus on Payment & Merchandising Technologies and has appointed a strong executive team led by President and CEO Aaron W. Saak. The new board includes seasoned professionals with extensive industry experience. The transition aims to enhance business performance and shareholder value, while all shareholders will retain equity in both companies.
Crane Holdings, Co. (NYSE: CR) announced that Crane NXT, its Industrial Technology business, will be independent from Crane Co. on April 3, 2023. Jennifer Kartono has been appointed as Senior VP and Chief Human Resources Officer for Crane NXT, effective April 10, 2023. She brings over 25 years of experience from Iron Mountain, focusing on enhancing talent acquisition, diversity, and inclusion initiatives. The separation will involve a tax-free distribution of its Aerospace & Electronics, Process Flow Technologies, and Engineered Materials to shareholders. Post-separation, both entities will operate independently while maintaining a commitment to high ethical standards.
Crane Holdings, Co. (NYSE: CR) is set to become an independent company named Crane NXT on April 3, 2023, following a successful separation transaction. The company appointed Paul G. Igoe as Senior Vice President, General Counsel, and Secretary, effective March 20, 2023. Igoe, previously with SS&C Technologies and Teradyne, brings extensive experience in the industrial technology sector. Crane NXT will focus on growth strategies in security and authentication technologies. Shareholders will retain 100% equity in both the new Crane NXT and the remaining Crane Company post-separation.
Crane NXT is set to become an independent company on April 3, 2023, following a separation from Crane Holdings. An investor conference will take place on March 9, 2023, where executives will discuss the company’s growth strategy and financial outlook. Crane NXT aims to provide technology solutions for asset security and authentication, anticipating an annual dividend of $0.56 post-separation. The leadership emphasizes a strong balance sheet and potential for long-term shareholder value, while reaffirming its 2023 earnings guidance originally disclosed in January.
Crane Company is set to become an independent entity effective April 3, 2023, following its separation from Crane Holdings, Co. An investor conference will be held on March 9, 2023, in New York City, featuring key executives discussing the company's growth strategy. Crane Company aims for 4% to 6% long-term core sales growth and anticipates operating profit growth at double the sales growth rate. The company expects a strong balance sheet with $4 billion in cumulative capacity through 2028. Additionally, it will pay an annual dividend of $0.72 per share.
Crane Holdings, Co. (NYSE: CR) announced a separation into two publicly traded companies, with a tax-free distribution of its Aerospace & Electronics, Process Flow Technologies, and Engineered Materials sectors to shareholders. The spin-off will occur on April 3, 2023, where shareholders on record as of March 23, 2023, will receive shares of the new Crane Company, retaining their Crane Holdings shares, which will be renamed Crane NXT, Co. Trading under the current ticker 'CR' continues until the distribution date, followed by a transition to 'CXT' for Crane NXT, Co. This strategic move aims to enhance shareholder value and operational focus.