U.S. stock markets have maintained their northward journey in 2024 after an astonishing rally in 2023. The bull run has gained further thrust as major stock indexes have posted multiple all-time highs on both intraday and closing basis so far this year. Year to date, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — have advanced 2.8%, 14.8% and 20.9%.However, the major driver of last year’s and this year’s rally was globally booming artificial intelligence (AI), especially gen ...

Investors with an interest in Manufacturing - General Industrial stocks have likely encountered both Chart Industries (GTLS) and Crane (CR) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets companies w ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 88-2846451 (State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) Title of each class Trading Symbol Name of each exchange on which registered Common Stock, par value $1.00 CR New York Stock Exchange FORM 10-Q Mark One: ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT ...

On Apr 25, the Department of Commerce reported a series of economic data for first-quarter 2024, which raised concerns regarding the health of the economy and persisting inflation. U.S. GDP grew at a 1.6% annualized pace, well below the consensus estimate of 2.5%. GDP increased 3.4% and 4.9% year over year, respectively, in the fourth and third quarters 2023. In 2023, the economy grew 2.5% year over year.Consumer spending – the largest driver of GDP – increased 2.5% in first-quarter 2024, lagging the 3% con ...

股价表现 - Crane股票在过去一个月上涨了6.6%，创下了新的52周高点[1] 财务表现 - Crane在过去四个季度中均未错过盈利预期，最近一次财报显示每股收益为$1.22，超过了预期$1.12，收入也比预期高出3.91%[2] - 预计下一个财年，Crane每股收益将达到$5.83，收入为$2.45亿，同比分别增长了17.71%和7.76%[3] 评级和排名 - Crane的价值评分为D，成长和动量评分分别为A和A，综合VGM评分为B[7] - Crane目前的Zacks排名为1（强烈买入），得益于分析师对盈利预期的积极修订[10]

Key PointsCrane stock reported its first quarter 2024 earnings, showing investors why it may be one of the best stocks in the sector.With rising price targets and a boost in management guidance, the odds favor investors looking to beat the market this year. Shares were up more than 6.3% after the announcement, making a new 52-week high.5 stocks we like better than Bank of AmericaThe first quarter of the 2024 earnings season has kicked off. This quarter is typically regarded as giving investors the initial p ...

财务数据和关键指标变化 - 第一季度调整后每股收益为1.22美元,超出预期 [9] - 全年调整后每股收益指引上调至4.75美元至5.05美元,较上次指引上调0.20美元,增长14% [10][52] - 第一季度自由现金流为负8600万美元,全年指引上调至2.5亿美元至2.75亿美元,较上次指引上调1000万美元 [49] 各条业务线数据和关键指标变化 航空航天与电子 - 第一季度销售额增长25%,其中核心销售增长20%,收购Vian带来5%增长 [33][34] - 第一季度调整后利润率为22.4%,较上年同期上升150个基点 [38] - 全年销售增长指引上调至12%,较上次指引上调2个百分点,收购Vian带来4.5%增长 [39][40] - 全年利润率指引上调至22%,较上次指引上调0.5个百分点 [40] 工艺流程技术 - 第一季度销售额增长5%,其中收购Vian带来6%增长,核心销售下降2% [42][43] - 第一季度调整后利润率为20.8%,较上年同期下降260个基点 [43] - 全年销售增长指引上调至7%,较上次指引上调2.5个百分点,其中收购Vian和CryoWorks带来6个百分点增长,核心销售增长约1% [45] - 全年利润率指引上调至20.4%,较上次指引上调0.4个百分点 [46] 工程材料 - 第一季度销售额下降12%,调整后利润率下降360个基点至14.7% [48] - 全年销售和利润率预计与2023年持平 [48] 各个市场数据和关键指标变化 - 航空航天业务方面,商用机队老龄化带动商用航空后市场需求强劲,军用市场采购支出保持稳定 [32] - 工艺流程技术业务方面,北美和中国市场强于预期,欧洲化工和建筑市场仍然疲软 [41][56] 公司战略和发展方向及行业竞争 - 公司通过收购CryoWorks拓展了真空绝热管道和阀门等液化气体应用业务,与公司现有CRYOFLO品牌业务高度协同 [12][13][14] - 公司在航空电子领域持续获得新项目中标,如雷达系统和军用车辆电力转换系统,预计未来将带来超过10亿美元的销售机会 [16][17][18] - 公司推出新一代模块化电源产品系列xMOR,可广泛应用于航空航天和军工领域 [19] - 公司在工艺流程技术业务持续推出新产品,如FK-TrieX三偏心阀,正在获得客户广泛认可 [23][24] - 公司在全球范围内保持较强的竞争地位,未见中国厂商在主要市场取得明显进展 [70][71] 管理层对经营环境和未来前景的评论 - 管理层对2024年前景保持谨慎乐观,认为尽管存在一些不确定性因素,但公司有能力应对任何需求变化 [10][11][82][83] - 管理层认为工艺流程技术业务的订单和产能指标有望进一步改善,但仍保持谨慎态度,因为欧洲化工和建筑市场仍然疲软 [41][56][82][83] 问答环节重要的提问和回答 问题1 **Matt Summerville 提问** 询问工艺流程技术业务的价格上涨情况以及北美和中国市场的项目活动情况 [56][57][58][59][60][61] **管理层回答** - 2024年全年价格上涨预计在中单位数范围 - 北美和中国市场项目活动强于预期,欧洲市场仍然疲软,公司保持谨慎态度 问题2 **Scott Deuschle 提问** 询问航空航天与电子业务和工艺流程技术业务的价格上涨情况 [68][69] **管理层回答** - 航空航天与电子业务第一季度价格上涨约三分之一,其余为销量增长 - 工艺流程技术业务全年价格上涨预计在中单位数范围 问题3 **Nathan Jones 提问** 询问航空航天与电子业务的长期增长目标和最新进展 [75][76][77][78][79] **管理层回答** - 过去几年航空航天与电子业务的实际增长略高于此前设定的7%-9%目标 - 未来仍有进一步提价空间,公司将在投资者日更新长期发展愿景

业绩总结 - 公司2024年第一季度净销售额为565.3亿美元，较去年同期增长10.0%[32] - 公司2024年第一季度调整后营业利润为96.6亿美元，较去年同期增长6.4%[32] - 公司2024年第一季度调整后净收入为71.1亿美元，较去年同期下降1.5%[32] - 公司2024年第一季度调整后EBITDA为109.5亿美元，较去年同期增长9.5%[32] 部门业绩 - 航空航天与电子部门2024年第一季度销售额为2.26亿美元，调整后的营业利润为5.1亿美元，占销售额的22.4%[11] - 过程流技术部门2024年第一季度销售额为2.84亿美元，调整后的营业利润为5.9亿美元，占销售额的20.8%[12] - 工程材料部门2024年第一季度销售额为5500万美元，调整后的营业利润为800万美元，占销售额的14.7%[13] 财务指标 - "Total Leverage"定义为调整后营业利润变化除以销售变化[19] - "Core Leverage"定义为调整后营业利润变化除以核心销售变化[19] - 调整后每股收益指导范围为4.75-5.05美元[20] - 预计2024年EPS为4.75-5.05美元，自由现金流转化率超过90%[20] - "调整后营业利润"为扣除特殊项目前的营业利润[24] - "调整后营业利润率"为调整后营业利润除以销售额[24] - "调整后EBITDA"为净收入加回净利息费用、所得税费用、折旧和摊销费用、杂项收入，减去特殊项目[30] - "调整后EBITDA利润率"为调整后EBITDA除以净销售额[30]

Crane (CR) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.93%. A quarter ago, it was expected that this maker of aerospace, electronics and engineered industrial products would post earnings of $0.81 per share when it actually produced earnings of $0.90, delivering a surprise of 11 ...

Investors are always looking for stocks that are poised to beat at earnings season and Crane Company (CR) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Crane is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator o ...