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(CR) Community Analysis from
April 20, 2014
Courtesy of Benzinga Crane Co. (NYSE: CR) says "sales for 2011 are now expected to increase approximately 14% - 16%, compared to our prior guidance of 10% - 12%, driven by strong core sales growth. Our 2011 earnings guidance is now a range [...]
(Stock Blog Hub, 11/1/09)
Crane Company (CR) recently raised the bottom end of its full-year earnings guidance. The company has surprised on estimates 4 quarters in a row by an average of...(read more)
Crane Company (CR) Company Overview

image:crane_logo.gifCrane Company (NYSE: CR) makes engineered industrial products, such as fiberglass composites for recreational vehicles (RVs), airplane components and fluid handling valves. Fluid handling valves control the flow of coolant, chemicals, and water and are used in facilities ranging from nuclear power plants to chemical and pharmaceutical production facilities and water filtration plants. [1] In 2007, fluid valves were responsible for 43% of Crane's revenues.

Gas prices play a significant role in determining company's ability to sell its fiber glass products. In 2007, higher oil prices led to a drop in RV production, reducing demand for the company's fiberglass paneling. During the same year, a 23% decline in transportation industry demand for new vehicles reduced Crane's sales of materials for production of truck bodies and refrigerated trucks.[2] Nevertheless, price increases in 2006 and sales from companies acquired in 2006 led to a net increase in revenue for the engineered materials segment.[3]

(Read more at Wikinvest )

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