Welcome to our dedicated page for Crawford United news (Ticker: CRAWA), a resource for investors and traders seeking the latest updates and insights on Crawford United stock.
Crawford United Corporation (CRAWA) delivers specialty industrial solutions through its commercial air handling systems and precision components for aerospace/defense sectors. This news hub provides investors and industry professionals with verified updates about the company’s strategic developments.
Track all official announcements including earnings reports, acquisition activity, and product innovations across both core segments. Our curated feed ensures access to operational updates from the HVAC systems serving hospitals/universities to advanced manufacturing solutions for critical infrastructure projects.
Discover how CRAWA maintains its position in industrial markets through timely coverage of leadership changes, facility expansions, and engineering milestones. Content is organized for quick scanning while maintaining technical accuracy for expert audiences.
Bookmark this page for streamlined monitoring of Crawford United’s progress in delivering customized air handling solutions and mission-critical components. Check back regularly for unfiltered access to press releases and market-moving developments.
Crawford United Corporation (OTC: CRAWA) has announced the appointment of Jeff Salay as Vice President and Chief Financial Officer, effective May 1, 2023. Salay brings extensive experience from Diebold Nixdorf and Ernst & Young, holding a CPA license in Ohio and a degree from Ohio Northern University. Chairman and CEO Brian Powers expressed confidence in Salay’s ability to drive growth with the executive team and Board. Crawford United operates in diverse markets, including healthcare and aerospace, providing specialty industrial products. The company emphasizes its commitment to navigating forward-looking challenges and opportunities for sustained growth.
Crawford United Corporation (OTC: CRAWA) reported strong financial results for the year ended December 31, 2022. Sales reached $127.8 million, up 22.6% year-over-year, with $32.7 million in sales for the fourth quarter, marking a 19.5% increase. Net income for the year was $6.6 million, or $1.89 per share, compared to $5.7 million in 2021. EBITDA for the year was $13.7 million, a 27.1% rise. These increases were attributed to acquisitions and a recovery in customer demand post-pandemic. Despite challenges such as labor shortages, the company remains optimistic about future growth opportunities.
Crawford United Corporation (OTC: CRAWA) reported Q3 2022 sales of $32.2 million, up 22.0% year-over-year, and $95.1 million for the nine months, increasing 23.8%. Operating income for Q3 rose to $2.0 million, while net income increased slightly to $1.3 million, or $0.36 per diluted share. Nine-month net income dropped to $3.5 million, or $1.01 per share, affected by $0.9 million in stock awards and a lack of $1.5 million debt forgiveness seen in 2021. The demand surge is attributed to organic growth and recent acquisitions.
Crawford United Corporation (OTC: CRAWA) reported Q2 2022 sales of $31.9 million, up 21% from Q2 2021, and $62.9 million for the first half, a 25% increase. Operating income for Q2 rose to $2.4 million, while net income remained steady at $1.2 million, or $0.34 per share, impacted by $0.6 million in unrealized investment losses. The six-month net income fell to $2.2 million, or $0.65 per share, influenced by non-cash stock awards and prior debt forgiveness under the CARES Act. Growth is attributed to organic performance and recent acquisitions.
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