Crane Co (NYSE:CR)
$ 153.94 -2.48 (-1.59%) Market Cap: 8.95 Bil Enterprise Value: 9.01 Bil PE Ratio: 34.45 PB Ratio: 5.69 GF Score: 70/100

Crane Co at Gabelli Funds Aerospace and Defense Symposium Transcript

Sep 07, 2023 / 12:30PM GMT
Release Date Price: $86.5 (+0.49%)
George Anthony Bancroft
Gabelli Funds, LLC - Member of Investment Research Advisory Committee

Okay. Next up, we're honored to have with us the Crane Corporation. Crane is based in Stamford, Connecticut. It's a diversified manufacturer of engineered products and operates in 3 segments: Aerospace & Electronics, Process Flow Technologies and Engineered Materials. Joining us today are Rich Maue, CFO; Jay Higgs, President of Aerospace & Electronics; and Jason Feldman, Vice president of Treasury and Investor Relations.

Crane has 60 million shares outstanding. Recently, obviously, did a tax-free separation of the business trades at $90 for a $5.3 billion market cap, $40 million of net debt for a $5.3 billion total enterprise value. We'll start off today with a presentation and then we'll go into Q&A.

Welcome, Rich and team.

Richard A. Maue
Crane Company - Executive VP & CFO

Great. Thanks. Good morning, everybody. Thanks, Tony, and nice to see everybody here on your interest level. Hey, before we begin, note the disclaimers posted

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot