Crane Is Poised To Drive Revenue Growth and Margin Expansion

Following the separation of the payment and merchandising technologies business as Crane NXT in April 2023, Crane’s portfolio consists of the aerospace & electronics, process flow technologies, and engineered materials segments. We think that Crane owns a portfolio of moaty businesses that tend to be leaders in their niche markets, typically holding the number-one or -two market share position. Crane manufactures highly engineered products that often perform a mission-critical function, and roughly 40% of the firm’s sales come from the aftermarket.