Crane pany(CR)
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Crane Company Reports Fourth Quarter 2023 Results, Provides 2024 Guidance, and Raises Annual Dividend by 14%
Businesswire· 2024-01-30 05:15
STAMFORD, Conn.--(BUSINESS WIRE)--Crane Company ("Crane," NYSE: CR) today announced its financial results for the fourth quarter of 2023 and provided guidance for 2024. Max Mitchell, Crane's President and Chief Executive Officer, stated: “Crane delivered yet another impressive quarter, with continued evidence of differentiated execution and accelerating results from growth initiatives. Throughout the year, we had strong operational performance across all businesses with 2023 financial highlights including ...
Why Crane (CR) is Poised to Beat Earnings Estimates Again
Zacks Investment Research· 2024-01-23 02:11
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Crane (CR) . This company, which is in the Zacks Manufacturing - General Industrial industry, shows potential for another earnings beat.When looking at the last two reports, this maker of aerospace, electronics and engineered industrial products has recorded a strong streak of surpassing earnings estimates. The company has top ...
Crane pany(CR) - 2023 Q3 - Quarterly Report
2023-11-01 00:00
净销售额 - 2023年第三季度净销售额为5.301亿美元,同比增长10.4%[89] - 航空航天与电子产品部门2023年第三季度净销售额为2.072亿美元,同比增长23.9%[97] - 2023年第三季度,Process Valves and Related Products的销售额增长了6.0%,达到1.973亿美元[106] - 2023年第三季度,Pumps & Systems的销售额增长了14.4%,达到3.82亿美元[107] - 2023年第三季度,销售额增长了6.7%,达到2.667亿美元[105] - 2023年,Process Valves and Related Products的净销售额增加了41.8百万美元,增长了7.5%[130] - 2023年,Process Valves and Related Products的销售额增加了41.8百万美元,增长了7.5%[131] 营业利润 - 2023年第三季度营业利润为7.63亿美元,较去年同期增长19.35亿美元[93] - 航空航天与电子产品部门2023年第三季度营业利润为4.02亿美元,同比增长42.6%[104] 成本 - 2023年第三季度销售成本为3.269亿美元,同比增长5.2%[91] - 成本销售额下降了0.5%,达到1.522亿美元[108] 综合收入 - 2023年第三季度综合收入为4.31亿美元,较去年同期增加17.78亿美元[96] 税率 - 2023年第三季度有效税率受到多个因素影响,公司报告了与上一年同期相比的亏损[95] 销售、管理费用 - 销售、一般和管理费用增加了13.6%,达到6.33亿美元[109] 产品部门销售额变化 - 2023年,Commercial Valves的销售额下降了115.3百万美元,降幅达56.0%[130] - 2023年,Pumps and Systems的销售额增加了17.4百万美元,增长了18.2%[130]
Crane pany(CR) - 2023 Q3 - Earnings Call Transcript
2023-10-25 00:34
Crane Company (NYSE:CR) Q3 2023 Earnings Conference Call October 24, 2023 10:00 AM ET Company Participants Jason Feldman - Vice President, Treasury & Investor Relations Max Mitchell - President & Chief Executive Officer Rich Maue - Executive Vice President & Chief Financial Officer Conference Call Participants Scott Deuschle - Deutsche Bank Damian Karas - UBS Matt Summerville - D.A. Davidson Nathan Jones - Stifel Operator Greetings. Welcome to Crane Company's Third Quarter 2023 Earnings Call. At this time, ...
Crane pany(CR) - 2023 Q3 - Earnings Call Presentation
2023-10-24 23:36
CRANE Q3 2023 Earnings Release Call FORWARD-LOOKING STATEMENTS – DISCLAIMER This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical statements of fact and those regarding our intent, belief, or expectations, including, but not limited to: statements regarding Crane’s portfolio composition and its relationship with Crane NXT, Co. following the business separation; benefits and synergies ...
Crane pany(CR) - 2023 Q2 - Quarterly Report
2023-08-02 00:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number: 1-41570 CRANE COMPANY (Exact name of registrant as specified in its charter) Delaware 88-2846451 (State or other jurisdiction of (I.R ...
Crane pany(CR) - 2023 Q2 - Earnings Call Transcript
2023-07-27 02:03
财务数据和关键指标变化 - 公司第二季度核心销售增长5%,调整后营业利润增长30%,调整后每股收益为1.10美元 [12] - 公司全年调整后每股收益指引上调0.20美元至3.80美元至4.10美元,反映6%的核心销售增长和18%的调整后分部利润增长 [12] 各条业务线数据和关键指标变化 航空电子业务 - 航空电子业务第二季度销售增长17%,利润率为20.2%,同比提升270个基点 [35] - 公司将2023年航空电子业务核心销售增长指引上调至14%,利润率预计约为20.3% [36] - 商用航空后市场销售增长41%,军用航空后市场销售增长7% [35] - 商用航空OE销售增长15%,军用航空OE销售增长10% [35] 工艺流程技术业务 - 工艺流程技术业务第二季度销售下降11%,调整后利润率为20%,同比提升440个基点 [37] - 公司将2023年工艺流程技术业务全年利润率指引上调至18.5%,创历史新高 [39][40] - 欧洲化工、北美和中国部分项目延迟,工业市场略有放缓 [51][52][53][54][55] - 水处理和制药市场需求持续强劲 [55] 工程材料业务 - 工程材料业务第二季度销售下降21%,调整后利润率为16.6%,同比提升180个基点 [43] - 公司预计全年工程材料业务销售下降14%,利润率为12.2% [43] 公司战略和发展方向及行业竞争 - 公司有望在2028年实现航空电子和工艺流程技术两大战略增长平台各达到20亿美元销售规模,利润率超过20% [31] - 公司正积极参与多个并购机会,预计2023年内可能完成1-2笔规模在7500万-2亿美元的收购 [29][106][123] - 公司看好航空电子业务长期7%-9%的核心销售增长,并有进一步提升的潜力 [30][111][112][113][114][115] - 公司看好工艺流程技术业务在化工、制药、水处理等领域的持续增长机会 [21][24][25][26][27] 管理层对经营环境和未来前景的评论 - 总体经营环境较为稳定,航空电子业务需求强劲,工艺流程技术业务部分市场放缓 [13][51][52][53][54][55] - 公司能够持续通过定价措施抵消通胀影响,保持利润率 [14][97][98] - 公司对2023年及未来增长前景充满信心,有望实现双位数利润增长 [12][30][31] 问答环节重要的提问和回答 问题1 **Matt Summerville 提问** 对工艺流程技术业务各细分市场的具体情况有何了解? [50] **Rich Maue 回答** 公司在欧洲化工、北美和中国部分项目延迟,工业市场略有放缓,但水处理和制药市场需求持续强劲 [51][52][53][54][55] 问题2 **Damian Karas 提问** 工艺流程技术业务第二半年利润率下降的具体原因是什么? [67][68] **Rich Maue 回答** 主要包括销售和价格因素、成本投入增加以及一些临时性因素,但公司有信心长期保持100个基点的年均利润率提升 [68][69] 问题3 **Nathan Jones 提问** 航空电子业务供应链制约下,公司是否有机会提价? [126][127][128][129] **Max Mitchell 和 Rich Maue 回答** 公司目前没有因供应链制约而大幅提价的计划,但会根据技术差异化和为客户创造的价值持续进行适当的定价 [126][127][128][129]
Crane pany(CR) - 2023 Q1 - Earnings Call Transcript
2023-05-12 01:49
Crane Holdings, Co. (NYSE:CR) Q1 2023 Earnings Conference Call May 11, 2023 10:00 AM ET Company Participants Jason Feldman - Vice President, Investor Relations Max Mitchell - President and Chief Executive Officer Rich Maue - Senior Vice President and Chief Financial Officer Conference Call Participants Damian Karas - UBS Matt Summerville - D.A. Davidson Adam Farley - Stifel Operator Greetings and welcome to the Crane Holdings Company First Quarter 2022 Earnings Call. At this time, all participants are in a ...
Crane pany(CR) - 2023 Q1 - Earnings Call Presentation
2023-05-11 20:01
CRANE Q1 2023 Earnings Release Call FORWARD-LOOKING STATEMENTS – DISCLAIMER This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical statements of fact and those regarding our intent, belief, or expectations, including, but not limited to: statements regarding Crane's portfolio composition and its relationship with Crane NXT, Co. following the business separation; benefits and synergies ...
Crane pany(CR) - 2023 Q1 - Quarterly Report
2023-05-10 00:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number: 1-41570 CRANE COMPANY (Exact name of registrant as specified in its charter) Delaware 88-2846451 (State or other jurisdiction of (I. ...