CRANE COMPANY Stock Price, News & Analysis

Crane Co. (NYSE: CR) plans to separate into two independent companies within 12 months. The spin-off will create Crane NXT, focusing on Payment and Merchandising Technologies, and retain Crane Co., which will encompass Aerospace & Electronics and Process Flow Technologies. Post-separation, Crane Co. is projected to achieve $1.9 billion in annual sales with an 18.5% Adjusted EBITDA margin, while Crane NXT anticipates $1.4 billion in sales and a 28% EBITDA margin. The goal is to enhance operational focus and unlock shareholder value through tailored capital allocation and growth strategies.

Crane Co. (NYSE: CR) announced that the Department of Justice (DOJ) has filed a complaint to block the sale of its Engineered Materials segment to Grupo Verzatec due to antitrust concerns. The company plans to engage with the DOJ and Verzatec to address these issues. The press release includes forward-looking statements subject to risks and uncertainties, including the impact of the COVID-19 pandemic, economic conditions, regulatory approvals, and potential asbestos claims, which could affect financial performance and shareholder value.

Crane Co. (NYSE:CR) will host its annual investor conference on March 30, 2022, from 8:30 AM to 12:00 PM in New York City. The event will feature presentations from CEO Max H. Mitchell and other executives, available via live webcast and replay on the company's website. Crane Co. is a diversified manufacturer serving various sectors, including chemicals and aerospace, with approximately 11,000 employees globally. The company is in the process of divesting its Engineered Materials segment, awaiting regulatory approval.

Crane Co. (NYSE: CR) reported impressive full-year 2021 results, with GAAP earnings per diluted share (EPS) of $6.66, compared to $2.77 in 2020. Key highlights include a record operating margin of 15.8% and free cash flow of $415 million. Core sales grew by 12%, while order growth reached 19%. For 2022, Crane Co. projects GAAP EPS between $6.85 and $7.25, indicating a 10% increase. The company also announced a 9% dividend increase to $0.47 per share and plans to repurchase up to $200 million in shares, reflecting a robust financial outlook.

Crane Co. has declared a quarterly dividend of $0.47 per share for Q1 2022. This dividend will be paid on March 9, 2022, to shareholders on record as of February 28, 2022. Crane Co. operates in various sectors, including chemicals, oil & gas, aerospace & defense, and payment solutions. The company is in the process of divesting its Engineered Materials segment, pending regulatory approval. Founded in 1855, Crane Co. employs around 11,000 individuals globally and is traded on the NYSE under the ticker CR.

Crane Co. (NYSE: CR) has announced its fourth quarter 2021 earnings release date and teleconference schedule. The earnings release is set for January 24, 2022, after market close, with details available on the company’s website. A teleconference will take place on January 25, 2022, at 10:00 AM Eastern, featuring CEO Max H. Mitchell and CFO Richard A. Maue. A web replay will be available shortly after the live call. Crane Co. is a diversified manufacturer serving various industries, including chemicals and aerospace.

Crane Co. (NYSE: CR) reported a remarkable third quarter 2021, achieving GAAP EPS of $1.87, a significant increase from $0.84 in Q3 2020. The adjusted EPS rose 103% to $1.89. Sales surged 21% year-over-year to $834 million, with core sales growing by 20% and orders up by 31%. The company has raised its full-year EPS guidance to $6.50-$6.60 and authorized a new $300 million share repurchase. Strong operational performance is evident with an operating profit margin of 16.6%, up from 11.1% last year, reflecting robust demand and effective cost management.

Crane Co. has declared a quarterly dividend of $0.43 per share for Q4 2021. This dividend will be payable on December 8, 2021 to shareholders on record by the close of business on November 30, 2021. The company operates in various sectors including chemicals, oil & gas, and aerospace & defense, and is pending the divestment of its Engineered Materials segment. Crane Co. employs around 11,000 people globally and is listed on the NYSE under the ticker CR.