Crawford United Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 06:10 am
Share
Crawford United Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 33.64 million compared to USD 32.19 million a year ago. Net income was USD 2.81 million compared to USD 1.25 million a year ago. Basic earnings per share from continuing operations was USD 0.8 compared to USD 0.36 a year ago. Diluted earnings per share from continuing operations was USD 0.8 compared to USD 0.36 a year ago.
For the nine months, sales was USD 110.06 million compared to USD 95.09 million a year ago. Net income was USD 10.06 million compared to USD 3.49 million a year ago. Basic earnings per share from continuing operations was USD 2.87 compared to USD 1.01 a year ago. Diluted earnings per share from continuing operations was USD 2.86 compared to USD 1.01 a year ago.
Crawford United Corporation is a holding company providing specialty industrial products to diverse markets, including healthcare, aerospace, defense, education, transportation, and petrochemical. The Company's Commercial Air Handling Equipment segment is engaged in designing, manufacturing, and installing customized, large-scale commercial, institutional, and industrial air handling solutions, primarily for hospitals and universities. The custom air handling equipment is designed, manufactured and installed under the brand names FactoryBilt and SiteBilt. Its Industrial & Transportation Products segment provides precision components to customers in the aerospace and defense industries, as well as a full line of branded metal, silicone, plastic, rubber, hydraulic, marine and fuel hose products. It also offers materials engineering solutions. Its engineered coatings provide a protective shield for aircraft engine components, locomotive parts, dental implants, and other applications.