Crane Co T.CR

Primary Symbol: CR Alternate Symbol(s): CXT

Technology Scientific & Technical Instruments

Crane Company is a manufacturer of engineered components for mission-critical applications focused on the aerospace, defense, space and process flow industry end markets. Its segments include Aerospace & Electronics, Process Flow Technologies, and Engineered Materials. The Aerospace & Electronics segment supplies critical components and systems, including original equipment and aftermarket parts, primarily for the commercial aerospace, and the military aerospace, defense and space markets. The Process Flow Technologies segment is a provider of engineered fluid handling equipment for critical applications. The Engineered Materials segment manufactures fiberglass-reinforced plastic panels and coils, primarily for use in the manufacturing of recreational vehicles, truck bodies and trailers (Transportation). It also designs and manufacturers multi-stage lubrication pumps and lubrication system components technology for critical aerospace and defense applications.

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Crane Co > Does CR lose some Hedges April 1 in our favor?

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Comment by gonatgasgoon Mar 29, 2021 6:40pm

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Post# 32901660

RE:Does CR lose some Hedges April 1 in our favor?

The best way to look at it, is to look at page 18 of the presentation.

For Jan to March 2021, the average hedge prices were around $2.55 /GJ for a touch more than 50% of production.

For April to June 2021, the average hedge prices were $2.35/GJ or so for slightly less than 50% of the production.

The difference in price is not a bad management decision, but rather the nature of the market where prices tend to be higher in the winter and smaller in the summer.