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 > SP outlook

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Comment by gonatgasgoon Aug 08, 2024 10:19am

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Post# 36169369

RE:RE:SP outlook

From the Earnings Report. This year, Crew only purchased about 1/3 of what they purchased for the same period last year. Not sure if this is a new trend for them. See below the text on page 36 of the report.

"Common shares are acquired in the open market by an independent trustee and are held in trust for the potential future settlement of award values and are netted out of share capital, including the cumulative purchase cost, until they are distributed for future settlements. For the six months ended June 30, 2024, the trustee purchased 653,000 (June 30, 2023 – 1,858,000) common shares for a total cost of $3.0 million (June 30, 2023 – $9.0 million) and as at June 30, 2024, the trustee held 1,567,000 (June 30, 2023 – 2,931,000) common shares in trust."

gonatgasgo wrote: I think it was a pretty good quarter. Crew's wells are always great. Debt moved lower. My only concern (and I am not sure if I should be concerned about it yet), is that the number of shares outstanding moved from 156.56M shares as of Dec. 31 to 157.25M shares as of the end of June.

It is consistent with UpinMuskoka's letter to Dale.

Momo25 wrote: Given the Q2/24 results, the share price will be stalled for another quarter. Don't expect any move before NG moves on.