CRANE COMPANY Stock Price, News & Analysis

Crane Holdings, Co. (NYSE:CR) declared a quarterly dividend of $0.47 per share for Q4 2022. This dividend will be paid on December 14, 2022, to shareholders on record by the close of business on November 30, 2022. Crane, a diversified manufacturer since 1855, operates in sectors including aerospace and defense, with approximately 11,000 employees globally. The company focuses on engineered industrial products across four segments: Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies, and Engineered Materials.

Crane Holdings, Co. (NYSE: CR) has announced the divestiture of its subsidiary Redco Corporation, which holds all asbestos liabilities and related insurance assets, to Spruce Lake Liability Management. Crane has contributed approximately $550 million in cash to Redco, while Spruce Lake has made a capital contribution of $83 million. This transaction eliminates all asbestos liabilities from Crane's balance sheet, enhancing annual free cash flow and allowing greater focus on core business strategies.

Crane Holdings, Co. (NYSE: CR) reported a strong second quarter 2022, with GAAP earnings per share (EPS) of $4.93, including a $3.58 gain from the sale of Crane Supply. Core sales growth was 7%, while order growth reached 14%. The company raised its GAAP EPS guidance for the year to $9.80-$10.20, reflecting this gain. Adjusted operating margins were 17.3%, despite challenges from higher costs and lower volumes. The outlook remains positive, with solid demand across end markets, and a separation planned for early 2023 to enhance growth and shareholder value.

Crane Holdings, Co. has announced a quarterly dividend of $0.47 per share for Q3 2022. This dividend is set to be paid on September 14, 2022, to shareholders on record by the close of business on August 31, 2022. Crane Holdings is a diversified manufacturer, with approximately 11,000 employees, providing industrial products across various sectors including aerospace, defense, and chemical. The company is traded on the New York Stock Exchange under the symbol CR.

Crane Holdings, Co. (NYSE: CR) has scheduled its second quarter 2022 earnings release for July 25, 2022, after market close. The earnings report will be accessible on the company's website. A teleconference is set for July 26, 2022, at 10:00 AM (Eastern), hosted by President & CEO Max H. Mitchell and Senior VP & CFO Richard A. Maue. A web replay will be available post-call. Crane Holdings is a diversified manufacturer with a significant global presence, serving multiple industries including aerospace, defense, and payment automation.

Crane Holdings, Co. (NYSE: CR) announced the completion of the divestiture of Crane Supply on May 31, 2022. This strategic move is part of Crane's ongoing focus on streamlining its operations and enhancing shareholder value. Crane is a diversified manufacturer with a strong presence across various sectors, including aerospace, defense, and chemical processing. Established in 1855, the company operates globally with approximately 11,500 employees. For more details, visit www.craneco.com.

Crane Holdings, Co. (NYSE: CR) updated its full-year 2022 earnings guidance and reported progress on strategic transactions. The divestiture of Crane Supply is on track to close on May 31, 2022, with an expected cash transaction of CAD 380 million. However, the planned sale of the Engineered Materials segment was terminated due to Justice Department objections. Crane now projects GAAP EPS in the range of $6.80-$7.20, including contributions from Engineered Materials, raising the prior guidance of $6.35-$6.75. Adjusted operating margins are expected at 17.0% with total sales around $3.4 billion.

Crane Co. (NYSE: CR) reported Q1 2022 GAAP EPS of $1.64, down from $1.75 in Q1 2021. Adjusted EPS increased by 15% to $1.81. The company achieved 5% core sales growth and 12% order growth year-over-year. It completed a $300 million share repurchase program and announced the divestiture of Crane Supply for CAD 380 million to streamline operations. Crane also adjusted its GAAP EPS guidance to $6.35-$6.75 while reiterating adjusted EPS guidance of $7.00-$7.40. The leadership expressed confidence in achieving growth through portfolio restructuring and new initiatives.

Crane Co. (NYSE:CR) has declared its quarterly dividend of $0.47 per share for Q2 2022, payable on June 8, 2022. Shareholders of record as of May 31, 2022 will receive this dividend. Founded in 1855, Crane Co. specializes in highly engineered industrial products across various sectors, including aerospace, defense, and chemical processing. The company plans to divest its Engineered Materials segment, but the DOJ has filed a complaint to block this sale. Crane Co. supports approximately 11,000 employees globally.