Crane Holdings lifts Q4 2022 earnings on sales dip, divestiture impacts FY results

January 24, 2023

Crane Holdings Inc. lifted its Q4 2022 earnings on a slight sales decline, while full year results suffered from the May divestiture of Crane Supply, according…

Crane Holdings posts Q3 2022 losses, misses analyst estimates

October 26, 2022

Crane Holdings Co. suffered sales and earnings declines for Q3 2022, partially due to the costs associated with the May 22 divestiture of Crane Supply…

Crane names Aaron Saak to head industrial technology business

October 20, 2022

Aaron Saak. Provided. Crane Holdings Co., a diversified manufacturer of industrial products, has named Aaron Saak president and CEO of Crane NXT, an…

Convenience retail tech on the move, blurs merchant distinctions

by Elliot Maras — Editor, Kiosk Marketplace & Vending Times

Cashierless and contactless unattended retail technology has fostered retail formats such as 'smart stores,' blurring distinctions between traditional venues…

Crane improves Q2 2022 results, raises FY guidance

July 26, 2022

Crane Holdings Co. reported improved earnings on a 1% sales increase for Q2 2022 and raised its full year guidance, according to an earnings release.

Mexican manufacturer drops bid for Crane Composites

May 31, 2022

Grupo Verzatec S.A. de C.V., based in Monterrey, Mexico, has abandoned its proposed acquisition of Crane Composites, a wholly-owned subsidiary of Crane Co.…

Crane reports Q1 2022 sales lift, will divest Canadian distribution

April 26, 2022

Crane Co., the parent company of Crane Merchandising Systems and Crane Payment Innovations, reported a slight revenue gain for Q1 2022 over the prior year…

What are the new vending opportunities?

by Elliot Maras — Editor, Kiosk Marketplace & Vending Times

New technology and changing market conditions are creating new opportunities for vending. A panel during the recent NAMA show considered what role established…

Crane to split into 2 companies

March 30, 2022

Crane Co., the parent company of Crane Merchandising Systems and Crane Payment Innovations and a diversified manufacturer of engineered industrial products…

Feds file antitrust suit to halt Crane Composites sale

March 18, 2022

The U.S. Department of Justice has filed a civil lawsuit to stop Monterrey, Mexico-based Grupo Verzatec S.A. de C.V. from acquiring its biggest competitor…

Crane boosts Q4 and FY 2021 results, adjusts 2022 earnings outlook

January 25, 2022

Crane Co. improved its sales and earnings for Q4 2021, despite a slide in year-over-year sales, according to an earnings report.

DOOH: A major opportunity for unattended retail still waiting to happen

by Elliot Maras — Editor, Kiosk Marketplace & Vending Times

A panel of experts gave an overview on the emerging digital-out-of-home advertising opportunity during the Self-Serve Innovation Summit.

#SelfServiceSummit Sponsor Preview: CPI

With over 30 million devices powering one billion transactions every day, we provide the technology that keeps your customers – and your business – moving. Our…

Crane improves Q3 2021 sales, earnings driven by payments, merchandising technologies

October 26, 2021

Crane Co. improved its sales and earnings for the 2021 third quarter ending Sept. 30, with payments and merchandising technologies leading the growth compared…

Micro markets, technology put Massachusetts operation in recovery mode

by Elliot Maras — Editor, Kiosk Marketplace & Vending Times

Norwood, Massachusetts based Foley Foodservice has recovered to around 80% of its pre-COVID sales, doubling its business since the low-point of the pandemic.

Crane improves sales and earnings for Q1 2021

May 4, 2021

First quarter sales for Crane Co., which owns Crane Payment and Merchandising Technologies, Crane Payment Innovations and Crane Currency, rose 5% from $78…

Crane boosts Q4 2020 earnings on declining sales

February 3, 2021

Crane Co., parent company of Crane Merchandising Systems and Crane Payment Innovations, reported net sales fell 13.3% from $837.5 million in the fourth quarter…

Crane updates BevMax, Media2 capabilities

December 3, 2020

Crane Payment Innovations, a Crane Co. company, has relaunched the BevMax Classic and Media2 machines with energy-efficient improvements, according to a press…

Crane Merchandising Systems merges with Crane Payment Innovations

June 24, 2020

Crane Merchandising Systems, a Crane Co. company and global provider of solutions for cold drink, snack, food and premium hot beverages, has merged with Crane…

Convenience services leaders: Use the downtime to boost customer communication

by Elliot Maras — Editor, Kiosk Marketplace & Vending Times

The COVID-19 outbreak has provided companies an opportunity to enhance communication outreach and establish stronger customer relationships. This marks an…