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 > What will Crew do?

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Post by gonatgasgoon Jul 12, 2022 9:14am

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Post# 34817513

What will Crew do?

I think at the time of the Q2 earnings release, the balance on the line of credit will be $0. This is as of Aug. 8, not June 30. I hope they mention it at that time. The question now is what to do with FCF in Q3 and Q4.

1- Will they start calling back some bonds in 2022? If so, any bonds called before March 14, 2023 will be at 101.04% of the face value. Call it a 1% penalty.

2- Will they just let the cash sit on their balance sheet until they refinance the bonds? That would not be very smart.

3- Increase capex beyond $95M and drill more? Keep in mind the board gave a budget of $95M. Will they have to get the board approval to increase it? I think so.

What will they do?

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