Crane Co. president and CEO Max Mitchell says that the company continues to make progress on its planned split into Crane Co. and Crane NXT after the recent divestment of Crane Supply, the company’s Canadian distribution business.

Stock price increases of Konami Corp and Crane Co. were the main drivers of a 2.45 point increase of the AGEM Index in March.

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. 

Bill and electronic payment solutions company Crane NXT Co, has reported 3 percent growth of core sales in 1Q23, despite its net sales being down 1.1 percent from 1Q23 to $329.1 million. 

The AGEM Index, published by the Association of Gaming Equipment Manufacturers, continued its gains in April, rising 2.7 percent month-on-month and 12.7 percent yearly.

Bill and electronic payment solutions company Crane has announced the appointment of Christina Cristiano as the new CFO of Crane NXT. Cristiano has also been appointed as the Senior Vice president of Crane NXT, ahead of the company’s split from its parent scheduled for April 3rd.

Bill and electronic payment solutions company Crane saw a 47 percent increase in its net income during the final quarter of the year, totaling $106.7 million.

Crane said it will split the company into two separately traded entities to accelerate growth and unlock shareholder value.

Crane NXT, Co., a premier industrial technology company, announced it has signed a definitive agreement with Investcorp Technology Partners to acquire OpSec Security for $270 million in cash, subject to customary adjustments.