CR News

On our call this morning, we have Max Mitchell, our President and Chief Executive Officer, and Rich Maue, our Senior Vice President and Chief Financial Officer. All that said, our current best estimate for full-year 2020 is for adjusted EPS of $3.00 to $4.25, and total sales of $2.8 billion to $3.0 billion, reflecting a core sales decline of 17% to 22% driven by end market deterioration related to the COVID pandemic.

Crane Company (CR) stock may be a good choice for value-oriented investors right now from multiple angles.

Crane Co. (NYSE: CR), a diversified manufacturer of highly engineered industrial products, reported first quarter 2020 GAAP earnings per diluted share (EPS) of $1.05, compared to $1.36 in the first quarter of 2019. Excluding Special Items, first quarter 2020 EPS was $1.15, compared to $1.45 in the first quarter of 2019. We estimate that COVID-19 related factors reduced both GAAP and adjusted EPS in the first quarter by approximately $0.15-$0.20. (Please see the attached Non-GAAP Financial Measures tables for a detailed reconciliation of reported results to adjusted measures.)

Q4 2019 Crane Co Earnings Call

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

Crane Co. (NYSE: CR) announces the following schedule and teleconference information for its first quarter 2020 earnings release:

Crane (CR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Q1 2020 Crane Co Earnings Call

Standard General L.P., the largest active shareholder of TEGNA Inc. ("TEGNA" or the "Company") (NYSE: TGNA), with an ownership interest of nearly 10% of the Company's outstanding shares, has mailed its definitive proxy statement to shareholders of TEGNA, soliciting support for the election of four exceptional candidates to TEGNA's Board of Directors at the Company's 2020 Annual Shareholders Meeting, which is scheduled for April 30, 2020.

Crane Co. (NYSE:CR) shareholders should be happy to see the share price up 15% in the last month. But that is minimal...

Standard General L.P., one of the largest shareholders of TEGNA Inc. (NYSE: TGNA), and the owner of approximately 9.7% of the Company's outstanding shares, today announced that, following TEGNA's expansion of its Board of Directors to 12 directors last week, it will nominate Lawrence Wert, a deeply experienced local television broadcasting executive, as an additional candidate for election to the TEGNA Board of Directors at the 2020 Annual Meeting of Shareholders. This brings Standard General's slate of highly qualified, diverse and independent candidates to five.

Crane Co., a diversified manufacturer of highly engineered industrial products, today announced its regular quarterly dividend of $0.43 per share for the second quarter of 2020. The dividend is payable on June 10, 2020 to shareholders of record as of the close of business on May 29, 2020.

If you own shares in Crane Co. (NYSE:CR) then it's worth thinking about how it contributes to the volatility of your...

Crane's (CR) first-quarter 2020 revenues decline 4.1% year over year on lackluster performance across its segments.

Crane's (CR) first-quarter performance suffers from pandemic woes, which are also expected to hurt results in the quarters ahead. Forex woes and the ability to repay debts are other concerns.

Whilst it may not be a huge deal, we thought it was good to see that the Crane Co. (NYSE:CR) President, Max Mitchell...

Crane Co. (NYSE: CR), a diversified manufacturer of highly engineered industrial products, announced that the Chairman transition disclosed in the Company’s proxy statement on March 13, 2020 has been completed. Crane Co.’s Chairman, R.S. Evans, has retired in accordance with the Company’s director retirement policy. James L. L. Tullis, a Crane Co. Director since 1998, became Chairman upon Mr. Evans’ retirement.

Crane (CR) delivered earnings and revenue surprises of -6.50% and -3.32%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Crane (CR) is likely to benefit from its focus on product development, strong operating leverage, repositioning activities and acquired asset. However, high debt and segmental woes remain concerns.

Unfortunately for some shareholders, the Crane (NYSE:CR) share price has dived 54% in the last thirty days. That drop...