U.S. stock markets have maintained their northward journey in 2024 after an astonishing rally in 2023. Despite the recent mayhem, year to date, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — have advanced 7%, 14% and 13%, respectively. However, a qualitative difference appeared between the rally of 2023 and 2024. Last year, the rally was predominantly driven by the technology sector. An unprecedented adoption of generative artificial intelligence (AI) technology globally was ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

Mark One: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 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 inco ...

Financial Data and Key Metrics Changes - The company reported adjusted EPS of $1.30, reflecting a 9% core sales growth and strong leading indicators with core orders up 7% and core backlog up 10% compared to last year [43][49] - Full year guidance for EPS has been raised to a range of $4.95 to $5.15, indicating an 18% growth at the midpoint [56][43] - Adjusted operating margins improved to 20.5%, expanding 50 basis points year-over-year, driven by productivity and higher volumes [22][49] Business Line Data and Key Metrics Changes - Aerospace & Electronics (A&E) sales increased to $231 million, a 22% growth year-over-year, with a 16% core growth and a 6% contribution from the Vian acquisition [20][51] - Process Flow Technologies (PFT) delivered sales of $298 million, up 13%, with strong core sales growth of 7% and a 7% benefit from acquisitions [52][49] - Engineered Materials sales decreased by 8% to $53 million, with operating profit margin down 270 basis points to 13.9% due to lower volumes [24] Market Data and Key Metrics Changes - Core FX-neutral backlog increased by 9% and core FX-neutral orders increased by 10%, primarily driven by North American markets and followed by China [22][52] - The company noted strong demand in the defense sector, with procurement spending remaining solid amid heightened global uncertainty [20][51] Company Strategy and Development Direction - The company is focused on executing its growth strategy, with three acquisitions completed in the past year and additional opportunities expected in the near future [6][25] - The long-term technology development includes advancements in SmartStem long-range wireless technology, which has been deployed in a demonstrator program [7][6] - The company aims for a long-term core sales growth rate of 4% to 6%, with potential for double-digit average annual core profit growth [44][56] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the first half of 2024 and raised guidance based on better-than-expected performance [43][56] - The company anticipates continued strong sales levels, although growth rates may decelerate in the second half due to tougher year-over-year comparisons [21][13] - Management highlighted a new normal in supply chain dynamics post-COVID, indicating that they are well-positioned to meet demand expectations [91][91] Other Important Information - The company has substantial financial flexibility with over $1 billion in M&A capacity and a capital allocation strategy prioritizing internal investments for growth [25][25] - Adjusted free cash flow for the second quarter was $57 million, with expectations for full-year free cash flow in the range of $255 million to $275 million [55][55] Q&A Session Summary Question: How has the market dynamics changed post-COVID? - Management noted that the market overall has been stronger than anticipated, particularly in the Americas, with projects returning stronger than expected, especially in the chemical space [32][33] Question: Can you elaborate on the individual end markets and their trends? - Management indicated that while European chemical markets remain slow, North America and China are seeing stronger project activity, particularly in pharmaceuticals and chemicals [74][73] Question: What is the outlook for the M&A pipeline? - The company has a rich M&A pipeline with significant opportunities expected to materialize in the next 12 to 18 months, maintaining a disciplined approach to capital allocation [98][106] Question: Where is the growth coming from in the commercial aftermarket? - Growth is broad-based across platforms, with significant contributions from fluid management and freight control solutions [81][82] Question: What are the expectations for price realizations in both segments? - Price realizations have remained consistent, with about a third of the growth in aerospace and defense coming from price increases, while mid-single digits were noted for Process Flow Technologies [83][83]

CRANE Q2 2024 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: benefits and synergies of the separation transaction; strategic and competitive advantages of Crane; future financing plans and opportunities; and bus ...

alfexe In my opinion, one of the most interesting companies on the market today has got to be Crane NXT (NYSE:CXT). Originally spun off from Crane Holdings (CR) back in 2023, the company is an intriguing player in the payments industry. Most of its revenue has historically come from a segment called Crane Payment Innovations, which provides technology solutions that help customers detect and authenticate payment transactions. But the firm also operates a subsidiary known as Crane Currency that, since 1879, ...

Crane (CR) came out with quarterly earnings of $1.30 per share, beating the Zacks Consensus Estimate of $1.24 per share. This compares to earnings of $1.10 per share a year ago. These figures are adjusted for non-recurring items. Crane, which belongs to the Zacks Manufacturing - General Industrial industry, posted revenues of $581.2 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.47%. This compares to year-ago revenues of $509.6 million. The company has topped consensus ...

The market expects Crane (CR) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of bus ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Eve ...

Crane Company (CR) shares rallied 3.1% in the last trading session to close at $146.31. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.7% loss over the past four weeks. This maker of aerospace, electronics and engineered industrial products is expected to post quarterly earnings of $1.24 per share in its upcoming report, which represents a year-over-year change of +12.7%. Revenues are expected to be $572.6 ...