Crane Company (NYSE:CR) Q3 2023 Earnings Call Transcript

Damian Karas: Got it. Okay. So any expectations for incremental capital deployment before year-end? You’ve got that $1 billion of capacity, and I mean whether we’re talking deals or otherwise?

Rich Maue: Well, it’s going to depend on how we — how this one that’s live in particular, then when that’s been live in A&E that if we’re successful there, it should close this year.

Max Mitchell: The others that are now active realistically would probably be more first quarter.

Damian Karas: Okay. Terrific. Thanks a lot guys. That’s a lot.

Max Mitchell: Thanks, Damian.

Rich Maue: Thank you.

Operator: Thank you. At this time, we have reached the end of the question-and-answer session. And I’ll turn the call over to Max Mitchell for closing remarks.

Max Mitchell: Super. Thank you very much. Hey, another great quarter and an exciting outlook for the rest of the year and into 2024 for Crane. So many opportunities in so many areas, so many good things happening, however, even with all the positives at Crane, it is hard not to comment on the continued uncertainty globally, rising global tensions or economic uncertainty, political turmoil. It can be truly overwhelming at times, but we continue to focus on what’s within our control. In addition, I’m proud of Crane’s place in the world and our global team’s efforts. Our philanthropy and volunteerism continues to make a difference in so many areas. As the late great Jimmy Buffett once said, I can’t change the direction of the wind, but I can adjust my sales to always reach my destination.

At Crane, we continue to focus on what’s within our control while being nimble and flexible to adjust quickly and always keeping our site set on delivering our goals. Thank you all for your interest in Crane and your time and attention this morning. Have a great day.

Operator: This concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation.