CR sells its Engineered Materials segment for $227 million to focus on the core businesses while supporting capital allocation priorities.
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 leaves the risk-reward not to be compelling at current levels.
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 Jeff Sprague - Vertical Research Tony Bancroft - Gabelli Funds Operator Hello, everyone, and welcome to the Crane Company Third Quarter 2024 Earnings Conference Call.
Crane (CR) came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $1.03 per share a year ago.
Crane (CR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Crane (CR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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Crane Company (NYSE:CR ) Q2 2024 Earnings Conference Call July 30, 2024 10:00 AM ET Company Participants Jason Feldman - Vice President, Treasury & Investor Relations Allison Poliniak - Senior Vice President of Investor Relations Max Mitchell - President & Chief Executive Officer Richard Maue - Executive Vice President & Chief Financial Officer Conference Call Participants Damian Karas - UBS Megan Makini - Deutsche Bank Matt Summerville - D.A. Davidson Nicholas Lipinski - Vertical Research Justin Ages - CJS Securities Jordan Lyonnais - Bank of America Adam Farley - Stifel George Bancroft - Gabelli Funds Operator Good day, and welcome to the Crane Company Second Quarter 2024 Earnings Conference Call.