Crane said it will split the company into two separately traded entities to accelerate growth and unlock shareholder value.
Crane Co. recorded a full-year operating profit of $502 million, up nearly two-fold from $240 million in 2020, owing to higher volumes, savings from 2021 cost actions, and lower repositioning costs.
Crane Co. the parent company of Crane Payment Innovations reported strong second-quarter results with sales growing 24 percent, along with a 377 percent rise in operating profit.
The monthly AGEM Index rose by 20.68 points to 883.10 in May from the prior month, marking a 2.4 percent increase from April, pushed up by Konami and Aristocrat.
The monthly AGEM Index of global gaming stocks posted a 9.7 percent decrease in April from the prior month, ending three months of gains.
XB Net recently partnered with India’s North Alley in a deal to provide streaming and wagering services from the U.S. and Australia to the Indian market.