Stock Data
$1.33 (0.61%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
INDUSTRIALS
Industry
SPECIALTY INDUSTRIAL MACHINERY
Crane Company specializes in manufacturing engineered industrial products with a global reach, including the United States, Canada, the UK, and Continental Europe. It operates across three main segments: Aerospace & Electronics, Process Flow Technologies, and Engineered Materials. The company provides critical components for commercial and military aerospace, defense, and space markets, such as pressure sensors and aircraft braking systems. Additionally, it offers fluid handling equipment for crucial applications and manufactures fiberglass-reinforced plastic panels for recreational vehicles and commercial buildings. Founded in 1855 and headquartered in Stamford, Connecticut, Crane serves a diverse range of industries from construction to pharmaceuticals.
Aerospace segment surged 31% with a record $1.27 billion backlog, prompting Crane to raise full-year adjusted EPS guidance to $6.85-$7.05 on sustained defense and space demand. The beat accelerated on 5% core growth and four acquisitions tracking ahead of expectations.
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