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Crane Holdings Co at Gabelli Funds Pump, Valve & Water Systems Symposium Transcript
Good morning. Again, my name is Tony Bancroft, I follow the Aerospace and Defense and Environmental Services industry. And this morning, I'm honored to introduce our next company, Crane. Crane is based in Stanford, Connecticut. It operates in 4 segments, Aerospace and Electronics, Process Flow Technologies, Payment Merchandising Technologies and Engineered Materials.
The company has 56 million shares, trades around $117, $6.5 billion market cap and $580 million of net debt. The company plans to separate into 2 companies, Crane and Crane NXT with expected completion in April of 2023.
Now I'd like to introduce who are representing Crane today. Today, we have with us representing Crane Rich Maue, CFO of Crane; and Alex Alcala, Executive Vice President of Crane. Alex is responsible for Process Flow Technologies, Aerospace and Electronics and the Engineered Materials segment. He joined in 2013 and was promoted to Executive Vice President in 2023. Rich joined in 2007, became CFO in 2010 and
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