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 > 1Q22 Hedge Cost on EPS

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Post by BraddockTrailon May 06, 2022 6:13pm

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Post# 34663674

1Q22 Hedge Cost on EPS

Went to investor relations and got the full income statement. Reported EPS $-.01. Reported earnings before tax EBT was $-2.5mil. But hedging losses were $70.7mil. Adding this back gives hedge adjusted EBT of $68.2mil. Assuming a 10% tax rate EAT is $61.38. Dividing by 150mil shares gives an EPS of $.41. Ouch. How much more damage remains? Have they seen how CVE has bitten the bullet and given up on hedging? Are hedges forced by banksters?

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