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 (OTC: CRAWA) is a Cleveland-based, growth-oriented holding company that reports frequent updates on its specialty industrial manufacturing operations. Its news flow centers on two primary segments: Commercial Air Handling Equipment, and Industrial & Transportation Products, both of which serve industries such as healthcare, education, aerospace, defense, transportation and energy.
On this page, readers can find news releases covering Crawford United’s quarterly and annual financial results, including sales, net income and the non-GAAP metric EBITDA As Defined, as disclosed in the company’s earnings announcements. These updates often highlight performance trends across the Commercial Air Handling Equipment and Industrial & Transportation Products segments.
The news archive also features transaction and acquisition announcements. Examples include the acquisitions of Advanced Industrial Coatings, which provides high-performance fluoropolymer and other coatings for aerospace, semiconductor, medical, energy and industrial sectors, and Rahn Industries, a manufacturer of HVAC coils and related coatings serving OEM and aftermarket customers. Such releases describe how these businesses fit into Crawford United’s portfolio and end markets.
Another key category of news involves strategic corporate developments. In December 2025, Crawford United and SPX Technologies announced a definitive agreement under which an SPX affiliate will acquire Crawford United, with its Commercial Air-Handling Equipment segment to be integrated into SPX’s HVAC segment and its Industrial & Transportation Products segment classified as non-core and held for sale by SPX.
Investors and analysts can use this CRAWA news page to review historical press releases on earnings, acquisitions, investor presentations and the planned merger with SPX Enterprises, LLC, helping them understand how Crawford United’s portfolio and strategic direction have evolved over time.
Crawford United reported sales of $38.4 million for the first quarter of 2024, showing a $4.6 million increase from the prior quarter. The net income was $3.0 million with earnings per share of $0.85.
Despite a 2.6% decrease in sales compared to the same period in 2023, the company recorded operating income of $4.6 million. EBITDA As Defined was $6.7 million for the quarter, reflecting a 3.4% decrease from the previous year.
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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.
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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.