What is Crane Co.'s engineered materials — restructuring gain?

Crane Co. (CR) reported engineered materials — restructuring gain of $600K in Q3 2023.

What does engineered materials — restructuring gain mean?

Financial gains recognized by the Engineered Materials segment from reversing previous restructuring provisions or asset disposals.

How do you interpret engineered materials — restructuring gain?

An increase suggests the reversal of prior estimates or successful asset divestitures, which may temporarily boost reported segment profitability.

How does engineered materials — restructuring gain compare across companies?

Comparable to 'restructuring reversals' or 'gains on exit activities' reported by diversified industrial conglomerates in their segment footnotes.

Crane Co. CR Engineered Materials — Restructuring gain

Discontinued — last reported Q3 '23

Similar metrics at other companies

RBCEngineered Products — After Tax Loss Associated With Restructuring

$12.75M—

AVYMaterials Group — Charges, Net of Reversals

$1.5M-95.1%

RBCEngineered Products — Restructuring Costs And Asset Impairment Charges

$6.74M—

VMI

VMIEngineered Support Structures — Restructuring Charges

$7.14M—

DCIEngineered Products — Restructuring Charges

$1M—

APTVEngineered Components Group — Gain on business divestitures and other transactions

$0—

Other financials

Income statement

See full

Revenue$696.4M+24.9%

Gross profit$281.3M+18.4%

Operating income$100.1M-1.0%

Net income$67.1M-37.3%

EPS (diluted)$1.14-37.7%

Balance sheet

See full

Cash & equivalents$355.4M-18.3%

Total debt$1.2B+367%

Total equity$2.1B+19.4%

Total assets$4.1B+54.5%

Cash flow

See full

Operating cash flow-$29.5M+36.1%

CapEx$10.7M-24.6%

Free cash flow-$40.2M+33.4%

Valuation

See full

Market cap$12.41B+12.1%

Enterprise value$13.27B+24.4%

P/E38×+5.2×

P/S5.1×0.0×

Profitability

See full

Gross margin41.6%+0.3pp

Operating margin17.3%+0.1pp

Net margin13.4%-2.1pp

FCF margin14.8%+3.8pp

Returns & leverage

See full

Return on equity16.9%-4.4pp

Debt / equity0.6×+0.4×

Current ratio2.8×+0.8×

Where this comes from

Reported directly by Crane Co. in its filing.

Tagged under the XBRL concept us-gaap:RestructuringReservePeriodIncreaseDecrease.

The official record: Crane Co.’s 10-Q, filed November 1, 2023, on SEC EDGAR. View the filing →

Ask your AI about Crane Co.'s engineered materials — restructuring gain.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Crane Co.'s engineered materials — restructuring gain?: Crane Co. (CR) reported engineered materials — restructuring gain of $600K in Q3 2023.
What does engineered materials — restructuring gain mean?: Financial gains recognized by the Engineered Materials segment from reversing previous restructuring provisions or asset disposals.
How do you interpret engineered materials — restructuring gain?: An increase suggests the reversal of prior estimates or successful asset divestitures, which may temporarily boost reported segment profitability.
How does engineered materials — restructuring gain compare across companies?: Comparable to 'restructuring reversals' or 'gains on exit activities' reported by diversified industrial conglomerates in their segment footnotes.