Crane Company

CR

Equity

ISIN US2244081046 / Valor 125508787

New York Stock Exchange, Inc (2024-09-16)

USD 152.91-0.01%

Crane Company
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Crane Company is a global leader in delivering high-precision technologies for major aviation and space markets, offering innovative solutions for customers in areas such as engines, landing gear, satellites, missiles, and electronic countermeasure devices. With a focus on environmentally conscious manufacturing methods and a diverse workforce, Crane PSE (Philanthropy, Sustainability, and Equality) initiative aims to make a global impact through community outreach and reflecting the worldwide market in which they operate. Additionally, the company is known for being the leading provider of fiberglass reinforced plastic (FRP) and has a legacy of pioneering patented technologies for industrial and commercial applications since 1954.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Crane Company reported a significant increase in revenue for the second quarter of 2024, reaching $581.2 million compared to $509.6 million in the same period of 2023. This growth reflects a strong performance across various business segments and improved market conditions.

Net Income

For the second quarter of 2024, Crane Company achieved a net income attributable to common shareholders of $71.6 million, up from $45.6 million in the second quarter of 2023. This increase in net income is indicative of the company's effective cost management and operational efficiency.

Earnings Per Share

Crane Company's earnings per basic share from continuing operations for the second quarter of 2024 were $1.25, a notable rise from $0.76 in the same quarter of the previous year. This improvement in earnings per share underscores the company's profitability and shareholder value enhancement.

Dividends

In the second quarter of 2024, Crane Company declared a dividend of $0.205 per share, consistent with the dividend paid in the second quarter of 2023. This steady dividend payout reflects the company's commitment to returning value to its shareholders.

Outlook

Crane Company has provided a positive outlook for the remainder of 2024, anticipating continued revenue growth and profitability. The company expects to leverage its strong market position and operational efficiencies to drive further financial performance improvements.

Summarized from source with an LLMView Source

Key figures

76.0%1Y

%3Y

%5Y

Performance

32.0%1Y

31.1%3Y

31.1%5Y

Volatility