Crane Co. (CR) Declares $0.43 Quarterly Dividend; 3.2% Yield
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April 28, 2020 5:14 PM EDT
Crane Co. (NYSE: CR), a diversified manufacturer of highly engineered industrial products, announced that the Chairman transition disclosed in the Companys proxy statement on March 13, 2020 has been completed. Crane Co.s Chairman, R.S. Evans, has retired in accordance with the Companys director retirement policy. James L. L. Tullis, a Crane Co. Director since 1998, became Chairman upon Mr. Evans retirement.
Max Mitchell, Crane Co. President and Chief Executive Officer, stated Shell Evans has devoted 47 years to Crane, including 36 years as Chairman, and 17 years as CEO. It would be... More
April 27, 2020 5:04 PM EDT
(Updated - April 27, 2020 5:05 PM EDT)
Crane Co. (NYSE: CR) reported Q1 EPS of $1.15, $0.10 worse than the analyst estimate of $1.25. Revenue for the quarter came in at $798 million versus the consensus estimate of $820.76 million.
Max Mitchell, Crane Co. President and Chief Executive Officer stated: Our businesses all executed extremely well in the quarter despite the impacts of COVID-19 on demand, and on our supply chain and operations. In this difficult... More
