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Crane Company (NYSE:CR ) Q4 2024 Earnings Conference Call January 28, 2025 10:00 AM ET Company Participants Allison Poliniak - Vice President, Investor Relations Max Mitchell - Chairman, President, & Chief Executive Officer Alex Alcala - Executive Vice President & Chief Operating Officer Rich Maue - Executive Vice President & Chief Financial Officer Conference Call Participants Nathan Jones - Stifel Matt Summerville - D.A. Davidson Jordan Lyonnais - Bank of America Justin Ages - CJS Securities Tony Bancroft - Gabelli Funds Operator Welcome to the Crane Company Fourth Quarter and Full Year 2024 Earnings Conference Call.
STAMFORD, Conn.--(BUSINESS WIRE)--Crane Company ("Crane," NYSE: CR) today announced its financial results for the fourth quarter of 2024 and initiated its adjusted full-year 2025 EPS outlook. Following the completion of the Engineered Materials divestiture effective on January 1, 2025, results for the fourth quarter of 2024 and all prior periods have been recast with the Engineered Materials segment presented as discontinued operations. Max Mitchell, Crane's Chairman, President and Chief Execut.
Crane Company is rated a Strong Buy with a one-year price target of $185.41, indicating a 13.81% increase from January 23, 2025. The company's strategic focus on Aerospace & Electronics and Process Flow Technologies, along with successful acquisitions, drives its projected earnings growth of over 14% annually through 2027. Despite being in highly competitive markets, Crane's technological differentiation and strong financial performance provide it with a competitive edge and a narrow to medium moat.
CR sells its Engineered Materials segment for $227 million to focus on the core businesses while supporting capital allocation priorities.
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.
WALTHAM, Mass., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE: CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced it has signed a definitive agreement with De La Rue plc to acquire its authentication business for 300 million British pounds in cash, subject to customary adjustments.
WALTHAM, Mass., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE: CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced it has appointed Dr. Aleta Richards as President of its Crane Currency business, effective October 14, 2024.
WALTHAM, Mass., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE: CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, announced today its schedule for the Company's third quarter 2024 results.
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, and Richard A. Maue, Executive Vice President & CFO. The call can be accessed in a listen-only.
LONDONDERRY, Pa.--(BUSINESS WIRE)--Constellation signed an agreement with Microsoft that will pave the way for the launch of the Crane Clean Energy Center.