Crane Holdings Co (CR) Stock

Crane Company, based in Stamford, Connecticut, has announced the promotion of Alejandro (Alex) Alcala to Chief Operating Officer (COO), effective immediately. In his new position, Alex will oversee the strategic and operational aspects of all Crane's business segments and the Crane Business System. Max H. Mitchell, the Chairman of the Board and CEO, expressed his support for this decision.

KPS Capital Partners, LP ("KPS") announced on December 2, 2024, that it has reached a final agreement to purchase the Engineered Materials business, known as "Crane Composites," from Crane Company for $227 million. This acquisition will be carried out through a new affiliate and is expected to be finalized in the first quarter of 2025, pending standard closing conditions and approvals.

Crane Company, based in Stamford, Connecticut, has announced that it will sell its Engineered Materials division to KPS Capital Partners for $227 million. Max Mitchell, the Chairman and CEO of Crane, stated that this sale is a significant move as part of their ongoing strategy.

In 2023, Crane Company made a strategic decision to split its business, concentrating on aerospace, electronics, and process flow technologies. This year, Crane's shares have increased by 45% due to impressive earnings growth and smart acquisitions. However, even though the company is performing well and managing its finances effectively, the current high valuation makes the investment less attractive.

Crane Company (NYSE:CR) held its Q3 2024 Earnings Call on October 29, 2024, at 10:00 AM ET. The call featured company representatives, including Allison Poliniak, Max Mitchell, and Rich Maue, along with various conference call participants from different financial institutions. The operator welcomed everyone to the call regarding Crane Company's third-quarter earnings.

Crane (CR) has the right mix of two important factors that could lead to better earnings in its next report. Be ready for the main expectations.

Crane (CR) has a strong track record of surprising with its earnings and currently has the right mix of factors that suggest it may exceed expectations in its upcoming quarterly report.

WALTHAM, Mass., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE: CXT) ("Crane NXT" or the "Company"), a leading industrial technology firm, has announced that it has reached a final agreement to buy De La Rue plc's authentication business for 300 million British pounds in cash, with standard adjustments to be made.

WALTHAM, Mass., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Crane NXT, Co. (NYSE: CXT) ("Crane NXT" or the "Company"), a leading industrial technology firm, has announced the appointment of Dr. Aleta Richards as the President of its Crane Currency division, starting on October 14, 2024.