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Crawford United Corporation reported news as a growth-oriented holding company that provides specialty industrial products to healthcare, aerospace, transportation, energy and other markets. Its updates centered on quarterly and annual operating results, including sales, operating income, net income, earnings per share and EBITDA As Defined, along with supplemental investor presentation materials.
The company’s recurring business disclosures described two operating segments: Commercial Air Handling Equipment, which designs, manufactures and installs customized institutional, commercial and industrial air handling systems, and Industrial & Transportation Products, which supplies precision components, coatings and branded hose products. News also covered acquisition activity tied to aerospace and defense market exposure.
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.