China Academy of Aerospace Electronics Technology

Crane Company Reports Third Quarter 2023 Results and Raises Full Year EPS Guidance

Retrieved on: 
Monday, October 23, 2023
Other Manufacturing, Engineering, Other Energy, Chemicals, Plastics, Oil, Gas, Aerospace, Manufacturing, Energy, Nuclear, CR, Sale, Electronics, Optimism, NYSE, Crane Holdings, Gesellschaft mit beschränkter Haftung, GAAP, Acquisition, Growth, China Academy of Aerospace Electronics Technology, EPS, Crane, Credit Accumulation and Transfer Scheme, Asbestos, Credit, Retail

Crane Company ("Crane," NYSE: CR) today announced its financial results for the third quarter of 2023 and updated its full-year outlook.

Key Points: 
  • Crane Company ("Crane," NYSE: CR) today announced its financial results for the third quarter of 2023 and updated its full-year outlook.
  • Max Mitchell, Crane's President and Chief Executive Officer, stated: “Crane delivered yet another strong quarter, consistently demonstrating our differentiated execution and accelerating results from growth initiatives.
  • Core year-over-year sales growth of 9% drove a 42% increase in adjusted operating profit from continuing operations, with strong operational performance across all businesses."
  • Third quarter 2023 GAAP earnings from continuing operations per diluted share (EPS) was $0.96, and adjusted EPS was $1.03.

Crane Holdings, Co. Announces Timing and Additional Details Regarding its Previously Announced Separation

Retrieved on: 
Wednesday, March 8, 2023
Defense, Oil, Gas, Other Defense, Contracts, Energy, Chemicals, Plastics, Aerospace, Manufacturing, Electric Bond and Share Company v. Securities and Exchange Commission, NYSE, China Academy of Aerospace Electronics Technology, Internet, Information, Engineering, CXT, Multimedia, Science and technology in Asia, Payment, CR, Form 10-K, Warehouse, Security (finance), Crane Holdings

Crane Holdings, Co. (“Crane” or the “Company,” NYSE: CR), a diversified manufacturer of highly engineered industrial products, announced the timing and additional details regarding its previously announced separation into two independent, publicly traded companies.

Key Points: 
  • Crane Holdings, Co. (“Crane” or the “Company,” NYSE: CR), a diversified manufacturer of highly engineered industrial products, announced the timing and additional details regarding its previously announced separation into two independent, publicly traded companies.
  • Crane Holdings, Co. will retain the Payment & Merchandising Technologies businesses and will be renamed Crane NXT, Co. immediately following the separation.
  • No action is required by Crane Holdings, Co. shareholders as of the record date to receive the distributed shares of Crane Company common stock.
  • A Notice of Internet Availability regarding the “Information Statement,” which contains details regarding the distribution of Crane Company common stock and Crane Company’s business and management, is expected to be mailed to Crane Holdings, Co. shareholders on or about March 16, 2023.

Crane Holdings, Co. Announces Effectiveness of the Form 10 Registration Statement for Crane Company

Retrieved on: 
Tuesday, February 7, 2023
Other Defense, Oil, Gas, Payments, Apps, Applications, Energy, Technology, Defense, Government Technology, Engineering, Chemicals, Plastics, Aerospace, Manufacturing, Automation, CR, Register, Crane Holdings, NYSE, China Academy of Aerospace Electronics Technology, RSVP, Adjustment, Growth, Science and technology in Asia, Multimedia, Industrial technology, Payment, Cryptocurrency, Management, Electronics

Crane Holdings, Co. (“Crane” or the “Company,” NYSE: CR), a diversified manufacturer of highly engineered industrial products, announced that the U.S. Securities and Exchange Commission has declared effective the Registration Statement on Form 10 filed by Crane Company.

Key Points: 
  • Crane Holdings, Co. (“Crane” or the “Company,” NYSE: CR), a diversified manufacturer of highly engineered industrial products, announced that the U.S. Securities and Exchange Commission has declared effective the Registration Statement on Form 10 filed by Crane Company.
  • After the separation, Crane Company will include the Aerospace & Electronics and Process Flow Technologies global strategic growth platforms, as well as the Engineered Materials segment.
  • Crane Holdings, Co. will retain the Payment & Merchandising Technologies businesses and will be renamed Crane NXT, Co. concurrent with the separation.
  • The Aerospace & Electronics, Process Flow Technologies, and Engineered Materials businesses will be owned by the newly created public company, named Crane Company.

Crane Holdings, Co. Files Form 10 Registration Statement in Connection with Planned Business Separation

Retrieved on: 
Thursday, December 15, 2022
Other Defense, Professional Services, Contracts, Oil, Gas, Energy, Defense, Other Manufacturing, Other Professional Services, Engineering, Chemicals, Plastics, Finance, Aerospace, Manufacturing, Water, Industrial technology, Coronavirus, Engineering, Crane Co., Payment, Aerospace, Theft, Conference, Projection, Automation, College of Arts and Sciences, Sale, CR, China Academy of Aerospace Electronics Technology, NYSE, Form 10-K, Depreciation, Adjustment, Information, GAAP, Multimedia, Growth, Failure, Acquisition, Security (finance), Renewable energy, Management, Bank, Risk management, Insurance, Electronics

After the separation, Crane NXT will be positioned to drive earnings growth through continued investment in the business and value-enhancing acquisitions.

Key Points: 
  • After the separation, Crane NXT will be positioned to drive earnings growth through continued investment in the business and value-enhancing acquisitions.
  • As previously announced, Crane NXT will be led by Aaron Saak, with the executives currently leading Cranes PMT business continuing to serve in senior positions.
  • After the separation, Crane Company will include the Aerospace & Electronics and Process Flow Technologies global strategic growth platforms, as well as the Engineered Materials segment.
  • Investor Conference for Crane Company and Crane NXT: Crane Company and Crane NXT will each host an investor conference on March 9, 2023 in New York City.

Crane Holdings, Co. Announces Date for Third Quarter 2022 Earnings Release and Teleconference

Retrieved on: 
Wednesday, October 5, 2022
Defense, Oil, Gas, Other Defense, Contracts, Energy, Chemicals, Plastics, Aerospace, Manufacturing, CFO, New, NYSE, Crane, CR, College of Arts and Sciences, Senior, Company, China Academy of Aerospace Electronics Technology, CEO, Water, Payment, Solution, Online shopping

Crane Holdings, Co. (NYSE: CR) announces the following schedule and teleconference information for its third quarter 2022 earnings release:

Key Points: 
  • Crane Holdings, Co. (NYSE: CR) announces the following schedule and teleconference information for its third quarter 2022 earnings release:
    Teleconference: October 25, 2022 at 10:00 AM (Eastern) hosted by Max H. Mitchell, President & CEO, and Richard A. Maue, Senior Vice President & CFO.
  • An accompanying slide presentation will also be available on the Companys website.
  • Web Replay: Will be available on the Companys website shortly after completion of the live call.
  • Crane has approximately 11,000 employees in the Americas, Europe, the Middle East, Asia and Australia.

Crane Holdings, Co. Declares Fourth Quarter Dividend

Retrieved on: 
Monday, September 26, 2022
Defense, Oil, Gas, Contracts, Energy, Engineering, Chemicals, Plastics, Aerospace, Manufacturing, NYSE, CR, Company, College of Arts and Sciences, Solution, China Academy of Aerospace Electronics Technology, Payment, New, Water, Crane

Crane Holdings, Co., a diversified manufacturer of highly engineered industrial products, today announced its regular quarterly dividend of $0.47 per share for the fourth quarter of 2022.

Key Points: 
  • Crane Holdings, Co., a diversified manufacturer of highly engineered industrial products, today announced its regular quarterly dividend of $0.47 per share for the fourth quarter of 2022.
  • The dividend is payable on December 14, 2022 to shareholders of record as of the close of business on November 30, 2022.
  • Crane Holdings, Co. is a diversified manufacturer of highly engineered industrial products.
  • Crane has approximately 11,000 employees in the Americas, Europe, the Middle East, Asia and Australia.

Crane Holdings, Co. Announces Transaction to Divest Legacy Asbestos Liabilities

Retrieved on: 
Monday, August 15, 2022
Defense, Chemicals, Plastics, Aerospace, Oil, Gas, Manufacturing, Energy, Contracts, Slate, Simpson Thacher & Bartlett, Hand, Forward-looking statement, NYSE, College of Arts and Sciences, Failure, Growth, SEC, Policy, Investment, Information, Sale, New, Crane Co., Fortress Investment Group, Company, Mission statement, Acquisition, Projection, Skadden, Water, Coronavirus, Payment, Asbestos, Insurance, China Academy of Aerospace Electronics Technology, Solution, Collection, CR, Aerospace, Risk management, Redco Pakistan Limited cricket team, Electronics

The transaction indemnifies Crane for all legacy asbestos liabilities.

Key Points: 
  • The transaction indemnifies Crane for all legacy asbestos liabilities.
  • Max Mitchell, Crane President and Chief Executive Officer stated: Todays announcement provides finality and certainty to investors regarding asbestos obligations, and it removes the distraction of asbestos related risks.
  • As a result of the transaction, Crane has removed all asbestos obligations and liabilities, related insurance assets, and associated deferred tax assets from the companys consolidated balance sheet.
  • Spruce Lakes capabilities extend to various types of legacy liabilities, but with a particular focus on asbestos related exposures.

Aviation Rebounds and AFuzion's Growth Tops 110%: Avionics Conferences Next with DASC and Aerospace Tech Week

Retrieved on: 
Thursday, July 28, 2022
DO-178C, UAM, Aviation, Artificial intelligence, Introduction, Conference, Certification, DASC, DO-254, Record, PDF, NEW, Forbes, Google, Growth, China Academy of Aerospace Electronics Technology, EVTOL, Airline

NEW YORK, July 28, 2022 /PRNewswire-PRWeb/ -- AFuzion Incorporated posts record growth of 110%, in line with the booming rebound of aviation. As post-Covid travel rebounds, billions of dollars are chasing new aircraft designs, electric aircraft, urban air mobility / eVTOL, and new markets. At the same time, worldwide geopolitical chaos has the world's major militaries greatly increasing aviation funding. The end result? The hottest aviation market in decades. One of the world's leading aviation consulting and certification services companies, AFuzion Incorporated, recently announced its Q2 2022 results showing a doubling of sales over the previous year 2021. And 2021 was a 70% increase over 2020. Says AFuzion CEO Vance Hilderman, "30 years ago we co-founded TekSci Incorporated which after just 8 years was the only company to have been on Forbes Fastest 500 Growing Companies list for four consecutive years. We all thought that was great. Bur frankly the aviation market conditions are even stronger in 2022 than then." Adds AFuzion Chief Counsel Chris Jackson, "We had doubts when Mr. Hilderman asked me to be a major investor in AFuzion during its inception; seeing the growth of aviation, and AFuzion, has been more than a little rewarding."

Key Points: 
  • But silver linings await: the world's aviation experts are reconvening in-person technical conferences which will dramatically improve aviation thereafter, with AFuzion Incorporated growth reaching 110% in Q2 2022 over Q2 2021.
  • NEW YORK, July 28, 2022 /PRNewswire-PRWeb/ -- AFuzion Incorporated posts record growth of 110%, in line with the booming rebound of aviation.
  • With business travel resuming and aviation booming, the world's largest two aviation conferences are looking to set new records.
  • For more information on DASC and Aerospace Tech Week, see the links above or simply Google DASC 2022 Portsmouth or Aerospace Tech Week Atlanta: attendance should be compellingly high.

Crane Holdings, Co. Declares Third Quarter Dividend

Retrieved on: 
Monday, July 25, 2022
Defense, Oil, Gas, Other Defense, Energy, Engineering, Chemicals, Plastics, Aerospace, Manufacturing, China Academy of Aerospace Electronics Technology, Water, CR, NYSE, Solution, New, Payment, College of Arts and Sciences, Company, Crane

Crane Holdings, Co., a diversified manufacturer of highly engineered industrial products, today announced its regular quarterly dividend of $0.47 per share for the third quarter of 2022.

Key Points: 
  • Crane Holdings, Co., a diversified manufacturer of highly engineered industrial products, today announced its regular quarterly dividend of $0.47 per share for the third quarter of 2022.
  • The dividend is payable on September 14, 2022 to shareholders of record as of the close of business on August 31, 2022.
  • Crane Holdings, Co. is a diversified manufacturer of highly engineered industrial products.
  • Crane has approximately 11,000 employees in the Americas, Europe, the Middle East, Asia and Australia.

Crane Holdings, Co. Announces Date for Second Quarter 2022 Earnings Release and Teleconference

Retrieved on: 
Thursday, July 7, 2022
Defense, Chemicals, Plastics, Aerospace, Oil, Gas, Manufacturing, Energy, Other Defense, Water, Payment, CEO, Senior, China Academy of Aerospace Electronics Technology, CFO, Company, Crane, New, NYSE, CR, Solution, College of Arts and Sciences, Online shopping

Crane Holdings, Co. (NYSE: CR) announces the following schedule and teleconference information for its second quarter 2022 earnings release:

Key Points: 
  • Crane Holdings, Co. (NYSE: CR) announces the following schedule and teleconference information for its second quarter 2022 earnings release:
    Teleconference: July 26, 2022 at 10:00 AM (Eastern) hosted by Max H. Mitchell, President & CEO, and Richard A. Maue, Senior Vice President & CFO.
  • An accompanying slide presentation will also be available on the Companys website.
  • Web Replay: Will be available on the Companys website shortly after completion of the live call.
  • Crane has approximately 11,500 employees in the Americas, Europe, the Middle East, Asia and Australia.