Crane Co at Gabelli Funds Aerospace and Defense Symposium Transcript

Sep 07, 2023 / 12:30PM GMT
George Anthony Bancroft - Gabelli Funds, LLC - Member of Investment Research Advisory Committee

Okay. Next up, we're honored to have with us the Crane Corporation. Crane is based in Stamford, Connecticut. It's a diversified manufacturer of engineered products and operates in 3 segments: Aerospace & Electronics, Process Flow Technologies and Engineered Materials. Joining us today are Rich Maue, CFO; Jay Higgs, President of Aerospace & Electronics; and Jason Feldman, Vice president of Treasury and Investor Relations.

Crane has 60 million shares outstanding. Recently, obviously, did a tax-free separation of the business trades at $90 for a $5.3 billion market cap, $40 million of net debt for a $5.3 billion total enterprise value. We'll start off today with a presentation and then we'll go into Q&A.

Welcome, Rich and team.

Richard A. Maue - Crane Company - Executive VP & CFO

Great. Thanks. Good morning, everybody. Thanks, Tony, and nice to see everybody here on your interest level. Hey, before we begin, note the disclaimers posted

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