CRANE COMPANY Stock Price, News & Analysis

Crane Co. (NYSE: CR) reported strong Q2 2021 results with record adjusted EPS and operating margins of 17.6%. Sales reached $796 million, up 24% year-over-year, driven by a 19% increase in core sales. The company raised its full-year EPS guidance to $5.95-$6.15, reflecting a 70% year-over-year increase. Key segments like Process Flow Technologies saw significant growth, with a 30% sales increase. Cash flow from operations improved significantly to $198 million. Crane Co. remains committed to robust investments in technology and strategic growth initiatives.

Crane Co. announced a quarterly dividend of $0.43 per share for Q3 2021, payable on September 8, 2021, to shareholders of record by August 31, 2021. The company, established in 1855, manufactures engineered industrial products across various sectors including chemicals, aerospace, and automated payment solutions. Crane Co. is undergoing a divestiture of its Engineered Materials segment, pending regulatory approval. It operates four primary segments and employs approximately 11,000 people globally.

Crane Co. (NYSE: CR) will release its second quarter 2021 earnings on July 26, 2021, after market close. The earnings call will occur on July 27, 2021, at 10:00 AM Eastern, hosted by CEO Max H. Mitchell and CFO Richard A. Maue. Interested parties can access the call in listen-only mode through Crane Co.'s website. A slide presentation will also be available online. Crane Co. is a diversified manufacturer providing solutions across various sectors, including chemicals and aerospace, with approximately 11,000 employees worldwide.

Crane Co. (NYSE: CR) has signed a $360 million agreement to divest its Engineered Materials segment to Grupo Verzatec. This divestiture, effective upon customary conditions and regulatory approvals, is aligned with Crane's strategic realignment. The Fluid Handling segment has been rebranded as Process Flow Technologies, reflecting its focus on engineered process flow solutions. Despite the divestiture's impact, Crane maintains its 2021 adjusted EPS guidance of $5.65 to $5.85, excluding contributions from Engineered Materials.

Crane Co. (NYSE: CR) reported strong Q1 2021 results, with GAAP EPS of $1.84, up from $1.05 YoY. Adjusted EPS rose to $1.66 from $1.15. Sales increased 5% to $834 million, driven by foreign exchange and acquisitions. Operating profit was $146 million, reflecting a 65% increase. The company raised its full-year EPS guidance to $5.75-$5.95, citing strengthening market conditions and successful growth initiatives. However, Aerospace & Electronics segment faced a 20% decline in sales, impacting overall profitability.

Crane Co. announced a regular quarterly dividend of $0.43 per share for Q2 2021, payable on June 9, 2021. Shareholders must be on record by the close of business on May 28, 2021 to qualify for this dividend. Founded in 1855, Crane Co. operates across various markets, including chemicals, oil & gas, and aerospace, and is segmented into four main areas: Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. The Company is publicly traded on NYSE:CR.

Crane Co. (NYSE:CR) will host a virtual Aerospace & Electronics investor conference on May 26, 2021, from 1:00 PM to 3:00 PM ET. Key speakers include President & CEO Max H. Mitchell and President of Crane Aerospace & Electronics Stephen M. Zimmerman. The event will be accessible via a webcast on the Company’s website, with a replay available afterward. Crane Co. is a diversified manufacturer engaged in several sectors, including chemicals and defense, with approximately 11,000 employees globally.

Crane Co. (NYSE: CR) will release its first quarter 2021 earnings on May 3, 2021, after market close. The earnings teleconference is scheduled for May 4, 2021, at 10:00 AM Eastern Time, featuring President & CEO Max H. Mitchell and Senior VP & CFO Richard A. Maue. A web replay of the call will be available on the company's website shortly thereafter. Crane Co. operates across multiple sectors, including fluid handling and aerospace, with approximately 11,000 employees worldwide.

Crane Co. (NYSE:CR) has announced a donation of $105,215 from the Crane Foundation to support a Revenue Cycle Management Certification Program for students and alumni of the Richard T. Crane Medical Prep High School in Chicago. The program, hosted by Rush University Medical Center and Lurie Children’s Hospital, aims to equip participants with essential skills for careers in healthcare. The initiative includes a six-week internship with hands-on training and resources provided at no cost. The school has achieved a 100% graduation rate for three consecutive years, preparing students for competitive job markets.