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Crane Co (CR.N)

CR.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Circor To Review Crane's Unsolicited Tender Offer
Monday, 17 Jun 2019 

June 17 (Reuters) - CIRCOR International Inc ::CIRCOR TO REVIEW CRANE'S UNSOLICITED TENDER OFFER.CIRCOR INTERNATIONAL INC - BOARD INTENDS TO MAKE ITS RECOMMENDATION WITH RESPECT TO TENDER OFFER TO SHAREHOLDERS WITHIN TEN BUSINESS DAYS.CIRCOR INTERNATIONAL INC - CIRCOR SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION AT THIS TIME..CIRCOR INTERNATIONAL INC - BOARD OF DIRECTORS INTENDS TO MAKE ITS RECOMMENDATION WITH RESPECT TO TENDER OFFER TO SHAREHOLDERS WITHIN TEN BUSINESS DAYS.  Full Article

Crane Commences Tender Offer To Acquire All Outstanding Shares Of Circor For $45 Per Share In Cash
Monday, 17 Jun 2019 

June 17 (Reuters) - Crane Co ::CRANE CO. COMMENCES TENDER OFFER TO ACQUIRE ALL OUTSTANDING SHARES OF CIRCOR FOR $45 PER SHARE IN CASH.CRANE CO - OFFER REFLECTS AN ENTERPRISE VALUE OF APPROXIMATELY $1.7 BILLION.CRANE CO - CONTINUES TO PREFER "A NEGOTIATED TRANSACTION WITH CIRCOR'S BOARD OF DIRECTORS".CRANE CO - OFFER IS NOT CONDITIONED ON FINANCING.CRANE CO - WELLS FARGO BANK, NATIONAL ASSOCIATION HAS PROVIDED CRANE CO. WITH A COMMITMENT FOR FUNDING REQUIRED TO CONSUMMATE TENDER OFFER.  Full Article

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

Crane Co. Announces All-Cash Proposal To Acquire Circor At A Significant Premium
Tuesday, 21 May 2019 

Crane Co ::CRANE CO. ANNOUNCES ALL-CASH PROPOSAL TO ACQUIRE CIRCOR AT A SIGNIFICANT PREMIUM.CRANE CO. ANNOUNCES ALL-CASH PROPOSAL TO ACQUIRE CIRCOR AT A SIGNIFICANT PREMIUM.CRANE CO - PROPOSED DEAL FOR ENTERPRISE VALUE OF APPROXIMATELY $1.7 BILLION.CRANE CO - PROPOSED DEAL FOR $45 PER SHARE IN CASH.CRANE CO - TRANSACTION WILL NOT BE SUBJECT TO A FINANCING CONTINGENCY..CRANE CO - PROPOSED ALL-CASH TRANSACTION TO CIRCOR'S CEO SCOTT BUCKHOUT ON APRIL 30, 2019, TERMS OF WHICH WERE CONFIRMED BY A LETTER TO CIRCOR BOARD.CRANE CO - CRANE AND CIRCOR ARE COMPLEMENTARY BUSINESSES WITH NO EXPECTED REGULATORY DELAYS TO DEAL.CRANE CO - SUBMITTED A PROPOSAL TO BOARD OF DIRECTORS OF CIRCOR INTERNATIONAL TO ACQUIRE CIRCOR.CRANE CO - ON MAY 13, CIRCOR BOARD SUMMARILY REJECTED CRANE CO.'S PROPOSAL WITH NO OFFER OF DISCUSSIONS OR DUE DILIGENCE.  Full Article

Crane Co Says CEO's FY 2018 Total Compensation Was $6.5 Mln vs $6.2 Mln In FY 2017
Friday, 15 Mar 2019 

March 15 (Reuters) - Crane Co ::CRANE CO SAYS CEO MAX MITCHELL'S FY 2018 TOTAL COMPENSATION WAS $6.5 MILLION VERSUS $6.2 MILLION IN FY 2017 - SEC FILING.  Full Article

Crane Co Reports Q4 EPS $1.46
Monday, 28 Jan 2019 

Jan 28 (Reuters) - Crane Co ::REPORTS 2018 RESULTS AND PROVIDES 2019 GUIDANCE.Q4 EARNINGS PER SHARE $1.64 EXCLUDING ITEMS.Q4 GAAP EARNINGS PER SHARE $1.46.Q4 SALES $840 MILLION VERSUS REFINITIV IBES ESTIMATE OF $863.1 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $1.53 -- REFINITIV IBES DATA.SEES FY 2019 EARNINGS PER SHARE $6.25 TO $6.45 EXCLUDING ITEMS.SEES FY 2019 GAAP EARNINGS PER SHARE $6.05 TO $6.25.SEES FY 2019 SALES ABOUT $3.3 BILLION.FY2019 EARNINGS PER SHARE VIEW $6.46, REVENUE VIEW $3.45 BILLION -- REFINITIV IBES DATA.ON TRACK TO DELIVER ON 2021 EPS TARGET OF $7.50-$8.00.AEROSPACE & ELECTRONICS ORDER BACKLOG WAS $447 MILLION AT DECEMBER 31, 2018 COMPARED TO $374 MILLION AT DECEMBER 31, 2017.FLUID HANDLING ORDER BACKLOG WAS $280 MILLION AT DECEMBER 31, 2018 COMPARED TO $262 MILLION AT DECEMBER 31, 2017.FULL YEAR 2019 FREE CASH FLOW IS EXPECTED TO BE IN A RANGE OF $335 MILLION TO $365 MILLION..EXPECT CORE SALES GROWTH IN LOW TO MID SINGLE-DIGIT RANGE FOR 2019.  Full Article

Crane Co. Declares First Quarter Dividend And Announces 11 Pct Dividend Increase
Monday, 28 Jan 2019 

Jan 28 (Reuters) - Crane Co ::CRANE CO. DECLARES FIRST QUARTER DIVIDEND AND ANNOUNCES 11% DIVIDEND INCREASE.CRANE CO - DECLARED AN 11% INCREASE IN ITS QUARTERLY DIVIDEND, TO $0.39 PER SHARE FROM $0.35 PER SHARE.  Full Article

Crane Co Reports Q3 Earnings Per Share $1.62 Excluding Items
Monday, 22 Oct 2018 

Oct 22 (Reuters) - Crane Co ::CRANE CO. REPORTS 2018 THIRD QUARTER RESULTS AND RAISES FULL-YEAR EPS GUIDANCE.SEES FY 2018 EARNINGS PER SHARE $5.80 TO $5.90 EXCLUDING ITEMS.Q3 EARNINGS PER SHARE $1.62 EXCLUDING ITEMS.Q3 EARNINGS PER SHARE $1.59.Q3 SALES $856 MILLION VERSUS I/B/E/S VIEW $856 MILLION.Q3 EARNINGS PER SHARE VIEW $1.46 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 GAAP EARNINGS PER SHARE $5.20 TO $5.30.REVISING 2018 FREE CASH FLOW GUIDANCE TO $260-$290 MILLION VERSUS. PRIOR RANGE OF $250-$280 MILLION.FLUID HANDLING ORDER BACKLOG WAS $298 MILLION AT SEPTEMBER 30, 2018.AEROSPACE & ELECTRONICS ORDER BACKLOG WAS $445 MILLION AT SEPT 30, 2018.  Full Article

Crane Co Reports Q2 Earnings Per Share $1.41 Excluding Items
Monday, 23 Jul 2018 

July 23 (Reuters) - Crane Co ::CRANE CO. REPORTS SECOND QUARTER RESULTS AND RAISES 2018 EPS GUIDANCE.CRANE CO <<>> Q2 SHR $1.41 EXCLUDING ITEMS.CRANE CO <<>> Q2 SHR $1.32.CRANE CO <<>> Q2 SALES $851 MLN VS I/B/E/S VIEW $834.4 MLN.CRANE CO <<>> SEES FY 2018 SHR $5.60 TO $5.80 EXCLUDING ITEMS.CRANE CO <<>> Q2 SHR VIEW $1.35 -- THOMSON REUTERS I/B/E/S.CRANE CO <<>> SEES FY 2018 GAAP SHR $4.90 TO $5.10.CRANE CO - RAISING 2018 GAAP EPS GUIDANCE.CRANE CO - FULL YEAR 2018 FREE CASH FLOW IS NOW EXPECTED TO BE IN A RANGE OF $250 MLN TO $280 MLN.CRANE CO <<>> FY2018 SHR VIEW $5.62, REV VIEW $3.36 BLN -- THOMSON REUTERS I/B/E/S.CRANE CO - "TO DATE, WE ARE TRACKING AHEAD OF THE MIDPOINT OF OUR PREVIOUSLY ISSUED GUIDANCE" .  Full Article

Crane Co Q1 Earnings Per Share $1.31 Excluding Items
Monday, 23 Apr 2018 

April 23 (Reuters) - Crane Co ::REPORTS FIRST QUARTER RESULTS AND RAISES 2018 EPS GUIDANCE.SEES FY 2018 EARNINGS PER SHARE $5.45 TO $5.65 EXCLUDING ITEMS.Q1 EARNINGS PER SHARE $1.31 EXCLUDING ITEMS.Q1 GAAP EARNINGS PER SHARE $1.13.Q1 SALES $799 MILLION VERSUS I/B/E/S VIEW $802.6 MILLION.Q1 EARNINGS PER SHARE VIEW $1.26 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 GAAP EARNINGS PER SHARE $4.75 TO $4.95.REVISING 2018 FREE CASH FLOW GUIDANCE TO $240-$270 MILLION VERSUS. PRIOR RANGE OF $220-$250 MILLION.FY2018 EARNINGS PER SHARE VIEW $5.52 -- THOMSON REUTERS I/B/E/S.FLUID HANDLING ORDER BACKLOG WAS $281 MILLION AT MARCH 31, 2018, $262 MILLION AT DECEMBER 31, 2017.AEROSPACE & ELECTRONICS ORDER BACKLOG WAS $381 MILLION AT MARCH 31, 2018, $374 MILLION AT DECEMBER 31, 2017.  Full Article

Deals of the day-Mergers and acquisitions

June 17 The following bids, mergers, acquisitions and disposals were reported by 2015 GMT on Monday: