|
Welcome. We are pleased with your interest and investment in Crane Co.
We are a diversified manufacturer of engineered products with a core value of integrity and honest business dealings. We continue to materially improve our businesses in order to grow economic value added (EVA), as our operating themes of
• Leveraging intellectual capital
• Improving customer focus
• Achieving operational excellence
are being driven deeper and more broadly throughout the Company. Today, "Crane University," "Crane helping Crane" and "making it ugly" are ingrained in our culture to drive improvement in our businesses. We believe all progress starts with having the best people and a performance culture with trust and respect.
We are passionate about training every person at Crane to wield the tools to constantly improve operational excellence, fueling profitable growth, shareholder wealth and customer satisfaction. As doing business with us becomes faster, better and easier, continuous improvement is at the core of how we are making ourselves formidable competitors. We deploy our intellectual
|
capital to develop solution sets that reduce the cost of ownership for our customers to help ensure that we are the supplier of choice. As part of our strategy for profitable growth, we look to make strategic linkages which enable our units to work together more closely and synergistic acquisitions which, while being attractive businesses in their own right, create value by strengthening our existing businesses through increased market presence, and the addition of new products, new customers, and new markets.
Financial Strength
Financially we have never been stronger. Crane's financial strength is rooted in the solid and sustainable profitability of its core businesses. Our balance sheet is extremely strong, with a conservative leverage ratio. Our businesses generate significant free cash flow. We use this cash to pay down debt, to repurchase shares, and, most importantly, to invest in our existing businesses and acquisitions. Our business model of free cash flow in excess of net income will be a key driver of value for shareholders in the future.
|