Crane NXT Co - Company Profile
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Business Description
Crane NXT Co (Crane), formerly Crane Holdings Co manufactures highly engineered industrial products. It serves chemicals, power, oil & gas, automated payment solutions, aerospace & defense and banknote design and production among others industries.
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R&D Overview
Crane focuses its R&D operations on the development of new military and commercial products. In FY2021, Crane spent US$81.4 million on R&D, which was 2.5% of its revenue and increased 13.4% YoY.
Business Segments
Overview
Supplies critical components and systems for commercial and military aerospace, space and defense markets including original equipment and aftermarket parts. The products are used in sensing and utility systems, landing systems, fluid management, power and microelectronic applications, seat actuation and microwave systems. Major brands include Lear Romec, P.L. Porter, Keltec, Hydro-Aire, ELDEC, Interpoint, Signal Technology, Polyflon and Merrimac Industries. Operates facilities in the US, Taiwan, and France. Major customers include Tier 1 integrators (companies which make products for an aircraft manufacturer), airlines, defense and space prime contractors and government agencies among others. The company’s capital expenditure for the segment stood at US$14.1 million in FY2021, which increased 43.8% YoY.
Performance
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Overview
Consists of crane payment innovations (CPI) and crane currency and crane currency CPI provide high technology payment acceptance products to original equipment manufactures, and also find applications in markets including vending, casino gaming, retail self-checkout, government lotteries, parking, banking, transit fare collection and payment kiosks. The portfolio includes coin hoppers, coin recyclers, coin acceptors and dispensers, bill validators, bill recyclers and cashless systems. It operates facilities in the US, Mexico, Germany, Japan, Switzerland and Ukraine. Crane currency supplies banknotes and security features for banknotes and product authentication. Product offerings include banknotes, substrate and printing capabilities. Operates facilities in the US, Sweden and Malta. Major customers include central banks and vending operators in the US and Europe. The company’s capital expenditure for the segment stood at US$18.6 million in FY2021, which grew 50% YoY.
Performance
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Overview
Provides engineered process flow technology equipment for critical performance applications. Offers process valves, commercial valves and pumps and systems for use in critical performance applications. Process valves and related products offer on/off valves and related products under trade names Duochek, Barksdale, Westlock, Pacific, Crane, Saunders, Jenkins, DEPA, ELRO, REVO, Xomox, Krombach, Flowseal, Centerline, Resistoflex, HOKE, DOPAK and WTA. Serves oil and gas, chemical, power and general industrial end markets. Operates manufacturing facilities and sales and service centers in North America, Europe, the Middle East, Asia and Australia. Commercial valves include valves and related products finding applications in general industrial, non-residential construction and municipal markets. Major brands include Viking Johnson, Stockham, Wask, IAT, Hattersley, NABIC, Brownall, Sperryn, Wade and Rhodes. End user markets include chemical, oil and gas, power, non-residential construction, general industrial, municipal, water and wastewater and military markets. Operates manufacturing facilities in the UK and China; sales offices in continental Europe and the Middle East; and distribution facilities in Canada. Pumps and systems include pumps and related products for wastewater and water applications in the commercial, industrial, municipal and military markets primarily in the US. Trade names include Burks, Deming, Weinman and Barnes. Operates facilities in the US and Canada. The company’s capital expenditure for the segment stood at US$18.8 million in FY2021, which grew 37.2% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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