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Crane Co (CR.N)

CR.N on New York Stock Exchange

79.65USD
14 Jun 2019
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Latest Key Developments (Source: Significant Developments)

Crane Co. Reiterates Proposal To Deliver Significant Value To Circor Shareholders
Tuesday, 4 Jun 2019 

June 4 (Reuters) - Crane Co ::CRANE CO. REITERATES PROPOSAL TO DELIVER SIGNIFICANT VALUE TO CIRCOR SHAREHOLDERS.CRANE CO - WILLING TO ADJUST PROPOSAL IF CIRCOR BOARD ENGAGES AND PROVIDES JUSTIFICATION.CRANE CO - CRANE CO. REMAINS FIRMLY COMMITTED TO PURSUING ITS PROPOSAL TO ACQUIRE CIRCOR.CRANE CO - CONTINUE TO BELIEVE OUR PROPOSAL OF $45 PER SHARE IS "FULL AND FAIR".  Full Article

Gamco Investors Says Proxy Voting Committee Determined To Solicit Candidates For Possible Nomination To Circor's Board
Friday, 24 May 2019 

May 23 (Reuters) - CIRCOR International Inc ::GAMCO INVESTORS SAYS PROXY VOTING COMMITTEE DETERMINED TO SOLICIT CANDIDATES FOR POSSIBLE NOMINATION TO CIRCOR'S BOARD.GAMCO INVESTORS SAYS PROXY VOTING COMMITTEE DETERMINED TO EVALUATE OTHER ALTERNATIVES TO IMPROVE CORPORATE GOVERNANCE AT CIRCOR.GAMCO INVESTORS - BELIEVES CIRCOR'S TRANSPARENCY ON UNSOLICITED BUYOUT PROPOSAL WAS "NOT IN LINE WITH BEST CORPORATE GOVERNANCE PRACTICES".GAMCO INVESTORS SAYS AGGREGATE NUMBER OF SECURITIES OF CIRCOR HELD BY GAMCO AND ITS AFFILIATES REPRESENTS 15.22% STAKE IN CIRCOR.  Full Article

Crane Co. Reports Q1 Earnings Per Share $1.45 Excluding Items
Tuesday, 30 Apr 2019 

April 29 (Reuters) - Crane Co ::CRANE CO. REPORTS FIRST QUARTER RESULTS AND REAFFIRMS FULL-YEAR GUIDANCE.REAFFIRMS FY 2019 GAAP EARNINGS PER SHARE VIEW $6.05 TO $6.25.Q1 EARNINGS PER SHARE $1.45 EXCLUDING ITEMS.Q1 GAAP EARNINGS PER SHARE $1.36.Q1 SALES $832 MILLION VERSUS REFINITIV IBES ESTIMATE OF $792.4 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $1.40 -- REFINITIV IBES DATA.REAFFIRMS FY 2019 EARNINGS PER SHARE VIEW $6.25 TO $6.45 EXCLUDING ITEMS.SEES FY 2019 SALES ABOUT $3.3 BILLION.AEROSPACE & ELECTRONICS ORDER BACKLOG WAS $487 MILLION AT MARCH 31, 2019, $447 MILLION AT DECEMBER 31, 2018.FLUID HANDLING ORDER BACKLOG WAS $285 MILLION AT MARCH 31, 2019 VERSUS $280 MILLION AT DECEMBER 31, 2018.  Full Article

Crane Sets Quarterly Dividend Of $0.39Per Share
Tuesday, 30 Apr 2019 

April 29 (Reuters) - Crane Co ::SETS QUARTERLY DIVIDEND OF $0.39PER SHARE.  Full Article

Crane Co Says CEO Max Mitchell's FY 2017 Total Compensation Was $6.2 Mln
Thursday, 15 Mar 2018 

March 15 (Reuters) - Crane Co ::CRANE CO SAYS CEO MAX MITCHELL'S FY 2017 TOTAL COMPENSATION WAS $6.2 MILLION VERSUS $5.8 MILLION IN FY 2016 - SEC FILING.  Full Article

Crane Co. Announces Pricing Of $350 Million Of Senior Notes
Friday, 2 Feb 2018 

Feb 1 (Reuters) - Crane Co ::CRANE CO. ANNOUNCES PRICING OF $350 MILLION OF SENIOR NOTES.CRANE CO - ‍ANNOUNCED PRICING OF AN UNDERWRITTEN PUBLIC OFFERING OF $350 MILLION OF 4.20% SENIOR NOTES DUE 2048​.  Full Article

Crane Co Files For Potential Debt Shelf Offering, Size Not Disclosed
Tuesday, 30 Jan 2018 

Jan 30 (Reuters) - Crane Co ::CRANE CO FILES FOR POTENTIAL DEBT SHELF OFFERING, SIZE NOT DISCLOSED - SEC FILING.  Full Article

Crane Co. Q4 GAAP Loss Per Share $0.48
Tuesday, 30 Jan 2018 

Jan 29 (Reuters) - Crane Co ::. REPORTS 2017 RESULTS AND UPDATES 2018 GUIDANCE.SEES FY 2018 GAAP EARNINGS PER SHARE $4.65 TO $4.85.Q4 GAAP LOSS PER SHARE $0.48.Q4 SALES $714 MILLION VERSUS I/B/E/S VIEW $702 MILLION.Q4 EARNINGS PER SHARE VIEW $1.17 -- THOMSON REUTERS I/B/E/S.Q4 EARNINGS PER SHARE $1.18 EXCLUDING ITEMS.SEES FY 2018 EARNINGS PER SHARE $5.35 TO $5.55 EXCLUDING ITEMS.FLUID HANDLING ORDER BACKLOG WAS $262 MILLION AT DECEMBER 31, 2017, COMPARED TO $228 MILLION AT DECEMBER 31, 2016‍​.Q4 OF 2017 INCLUDED A ONE-TIME TAX CHARGE OF $87 MILLION RELATED TO TAX CUTS AND JOBS ACT.AEROSPACE & ELECTRONICS ORDER BACKLOG WAS $374 MILLION AT DECEMBER 31, 2017, COMPARED TO $353 MILLION AT DECEMBER 31, 2016‍​.SEES 2018 CORE SALES GROWTH OF +2 PERCENT TO +4 PERCENT.FULL YEAR 2018 FREE CASH FLOW EXPECTED TO BE IN A RANGE OF $220 MILLION TO $250 MILLION.SEES 2018 CAPITAL EXPENDITURES OF APPROXIMATELY $125 MILLION.FY2018 EARNINGS PER SHARE VIEW $5.16 -- THOMSON REUTERS I/B/E/S.ON A PRE-TAX BASIS, INCREMENTAL GROWTH INVESTMENTS ARE EXPECTED TO BE APPROXIMATELY $20 MILLION IN 2018 AND $10 MILLION IN 2019.  Full Article

Crane Co. Declares First Quarter Dividend And Announces 6 Pct Dividend Increase
Tuesday, 30 Jan 2018 

Jan 29 (Reuters) - Crane Co ::CRANE CO. DECLARES FIRST QUARTER DIVIDEND AND ANNOUNCES 6% DIVIDEND INCREASE.CRANE CO - BOARD OF DIRECTORS DECLARED A 6% INCREASE IN QUARTERLY DIVIDEND, TO $0.35 PER SHARE FROM $0.33 PER SHARE.  Full Article

Crane Co Says Entered $550 Million 5-Year Revolving Credit Agreement
Friday, 22 Dec 2017 

Dec 21 (Reuters) - Crane Co ::CRANE CO SAYS ENTERED $550 MILLION 5-YEAR REVOLVING CREDIT AGREEMENT - SEC FILING.CRANE CO - NEW REVOLVING CREDIT AGREEMENT REPLACES EXISTING $500 MILLION REVOLVING CREDIT FACILITY.  Full Article

Crane goes hostile with $894 million buyout offer for Circor

U.S. industrial manufacturer Crane Co on Monday began a tender offer for all outstanding shares of smaller rival Circor International Inc at $45 per share, after its buyout offer was rejected by Circor's board.