Crane Co. Stock News

STAMFORD, Conn.--(BUSINESS WIRE)--Crane Company (NYSE:CR) (“Crane” or the “Company”), a premier industrial manufacturing and technology company, has promoted Alejandro (Alex) Alcala to Chief Operating Officer (COO), effective immediately. In this role, Alex will provide both strategic and operational oversight of all Crane business segments, as well as the Crane Business System organization. Ma...

LEADING PROVIDER OF FIBERGLASS REINFORCED PLASTIC COMPOSITE PRODUCTS NEW YORK , Dec. 2, 2024 /PRNewswire/ -- KPS Capital Partners, LP ("KPS") announced today that, through a newly formed affiliate, it has signed a definitive agreement to acquire the Engineered Materials business ("Crane Composites" or the "Company") from Crane Company ("Crane", NYSE: CR), for an enterprise value of $227 million...

STAMFORD, Conn.--(BUSINESS WIRE)--Crane Company (NYSE:CR) (“Crane” or the “Company”), a premier industrial manufacturing and technology company, announced that it has entered into a definitive agreement to sell its Engineered Materials business to KPS Capital Partners, LP (“KPS”) for $227 million. Max Mitchell, Chairman of the Board, President and Chief Executive Officer of Crane Company said, ...

Crane Company's strategic split in 2023 led to a focused business, with the company focusing on aerospace, electronics, and process flow technologies. Despite high expectations, Crane's shares have risen another 45% this year, driven by strong earnings growth and strategic acquisitions. While operating momentum is strong and capital allocation policies are sound, valuation multiple inflation le...

STAMFORD, Conn.--(BUSINESS WIRE)--Crane Company (NYSE:CR) (“Crane” or the “Company”), a premier industrial manufacturing and technology company, announced that on Friday, November 1, 2024, it completed the acquisition of Technifab Products, Inc. (“Technifab”), a leading provider of vacuum insulated pipe systems and valves for cryogenic applications for $40.5 million on a cash-free and debt- fre...

Crane Company (NYSE:CR ) Q3 2024 Earnings Call Transcript October 29, 2024 10:00 AM ET Company Participants Allison Poliniak - VP of IR Max Mitchell - Chairman, President and CEO Rich Maue - EVP and CFO Conference Call Participants Matt Summerville - D.A. Davidson Justin Ages - CJS Securities Scott Deuschle - Deutsche Bank Damian Karas - UBS Ron Epstein - Bank of America Adam Farley - Stifel Je...

STAMFORD, Conn.--(BUSINESS WIRE)--Crane Company ("Crane," NYSE: CR) today announced its financial results for the third quarter of 2024 and raised and narrowed its adjusted full-year EPS outlook. Max Mitchell, Crane's Chairman, President and Chief Executive Officer, stated: "We delivered another quarter of excellent results, with 34% adjusted EPS growth driven by 6% core sales growth, reflectin...

STAMFORD, Conn.--(BUSINESS WIRE)--Crane Company (NYSE: CR) announces the following schedule and teleconference information for its third quarter 2024 earnings release: Earnings Release: October 28, 2024 after close of market by public distribution and the Crane Company website at www.craneco.com. Teleconference: October 29, 2024 at 10:00 AM (Eastern) hosted by Max H. Mitchell, President & CEO, ...