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 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.
Crawford United Corporation (OTC: CRAWA) reported a revenue increase of 29% to $31.0 million for the quarter ending March 31, 2022, compared to $24.0 million last year. The earnings per share was $0.31, down from $0.93 due to higher non-cash stock awards and previous debt forgiveness under the CARES Act. The revenue boost is attributed to recent acquisitions, including Reverso Pumps and Separ Filters of America. Despite positive sales growth, net income fell to $1.1 million from $3.1 million.
Crawford United Corporation (OTC: CRAWA) has acquired the assets of Knitting Machinery Corporation of America (KMC), a Cleveland-based manufacturer of hose reinforcement machinery. This strategic move aims to expand Crawford's footprint in the industrial hose market. The acquisition is projected to generate less than $2 million in annual revenue and is expected to boost earnings immediately. Brian Powers, CEO of Crawford United, emphasized the importance of this acquisition in diversifying the company's customer base in a growing market segment.
Crawford United Corporation (OTC: CRAWA) reported a 37% increase in quarterly sales, reaching $27.3 million for Q4 2021, up from $19.9 million last year. Annual sales also rose 22% to $104.2 million from $85.1 million. However, net income for Q4 dropped to $0.1 million or $0.02 per share, down from $2.1 million or $0.63 per share last year, due to $1.0 million in year-end audit adjustments. Full-year net income slightly decreased to $5.7 million or $1.66 per share. The growth was attributed to acquisitions and an upturn in customer demand.
Crawford United Corporation (OTC: CRAWA) announced the acquisition of Reverso Pumps and Separ Filter of the Americas, effective January 10, 2022. These companies, based in Davie, Florida, specialize in oil change systems and diesel fuel filtration products for marine and defense applications. The acquisition is projected to generate approximately $5 million in annualized revenue and will be immediately accretive to earnings. CEO Brian Powers emphasized the strategic importance of these acquisitions in expanding their presence in the marine and defense markets.
Crawford United Corporation (OTC: CRAWA) reported strong financial results for Q3 and the first nine months of 2021. Q3 sales rose 23.9% to $26.4 million, while net income was $1.2 million, lower than $1.4 million the previous year. For the nine-month period, sales increased 17.9% to $76.8 million, with net income up 49% to $5.6 million. Notably, a $1.5 million debt forgiveness under the CARES Act contributed positively. Challenges included a loss of $0.3 million on equity investments and margins affected by labor and supply chain issues. The company focuses on growth through acquisitions and increasing revenue.
Crawford United Corporation (OTC: CRAWA) reported robust financial results for Q2 2021, with revenue reaching $26.4 million, a 42% increase year-over-year. Operating income surged to $2.1 million, marking a 299% rise, while net income rose 445% to $1.2 million ($0.37 per share). For the first half of the year, sales increased 15% to $50.4 million, with net income growing 90% to $4.4 million ($1.29 per share). The growth is attributed to recent acquisitions and recovering customer demand following the pandemic, alongside a $1.5 million debt forgiveness under the CARES Act.
Crawford United Corporation (OTC: CRAWA) announced the acquisition of Emergency Hydraulics LLC, enhancing its industrial hose platform. This strategic purchase, located in Ocala, Florida, aims to diversify the customer base and expand product offerings, particularly for manufacturers of emergency vehicles. The acquisition is projected to generate approximately $2 million in annual revenue and provide immediate earnings accretion. This move underscores Crawford's commitment to growth in the industrial sector.
Crawford United Corporation (OTC: CRAWA) reported Q1 2021 revenues of $24.0 million, down from $25.3 million year-over-year. Operating income decreased to $2.3 million from $3.1 million, attributed to the impact of the pandemic on customer demand. However, net income rose to $3.1 million or $0.93 per diluted share, boosted by a $1.5 million loan forgiveness under the CARES Act. The company completed the acquisitions of Komtek Forge and Global-Tek Manufacturing, which are expected to enhance sales and earnings moving forward.