I'm not sure I could have asked for much more than what Crane (NYSE:CR) has done since it announced it was splitting Crane and Crane NXT (NXT). Not only did I like that decision, I've really liked management's pivot toward growth opportunities in Process Flow (or PF), it's new M&A program, and I feel like the messaging to the Street has been on point, not to mention the execution. The market has noticed, sending the shares over 60% higher since my last update, handily beating the broader industrial sector a ...

Crane NXT Contact: Investor Relations ContactUs@cranenxt.com www.cranenxt.com WALTHAM, Mass., June 20, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE: CXT) ("Crane NXT" or the "Company"), a premier industrial technology company, today announced it has appointed Michael Mahan as President of its Crane Payment Innovations (CPI) business, effective July 8, 2024. In this role, Mr. Mahan will be responsible for driving the CPI growth strategy, accelerating innovation, and leveraging the Crane Business System to d ...

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 ge ...

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 ...

Have you been paying attention to shares of Crane (CR) ? Shares have been on the move with the stock up 6.6% over the past month. The stock hit a new 52-week high of $145.8 in the previous session. Crane has gained 21.9% since the start of the year compared to the 6.7% move for the Zacks Industrial Products sector and the 6.8% return for the Zacks Manufacturing - General Industrial industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't miss ...

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 ...

Crane Company (NYSE:CR) Q1 2024 Earnings Conference Call April 23, 2024 10:00 AM ET Company Participants Jason Feldman - Vice President, Treasury & Investor Relations Max Mitchell - President & Chief Executive Officer Richard Maue - Executive Vice President & Chief Financial Officer Conference Call Participants Matt Summerville - D.A. Davidson Scott Deuschle - Deutsche Bank Nathan Jones - Stifel Damian Karas - UBS Justin Ages - CJS Securities Operator Welcome to the Crane Company First Quarter 2024 Earnings ...

| --- | --- | --- | --- | |--------------------|-----------|--------------------|---------| | | Q1 2024 | | Q1 2024 | | OE Sales | +20% | Core Growth | +20.4% | | Aftermarket Sales | +39% | Vian Acquisition | +5.0% | | OE/Aftermarket Mix | 69% / 31% | FX Translation | - | | | | Total Sales Change | +25.4% | 8 Substantial additional value creation potential from flexible balance sheet AEROSPACE & ELECTRONICS 7 * Excludes Special Items. Please see non-GAAP Financial Measures tables for details. ▪ 2024 Guidanc ...