Crane Holdings, Co. (NYSE:CR) Q1 2023 Earnings Conference Call May 11, 2023 10:00 AM ET

Company Participants

Jason Feldman - Vice President, Investor Relations

Max Mitchell - President and Chief Executive Officer

Rich Maue - Senior Vice President and Chief Financial Officer

Conference Call Participants

Damian Karas - UBS

Matt Summerville - D.A. Davidson

Adam Farley - Stifel

Operator

Greetings and welcome to the Crane Holdings Company First Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the call over to your host, Jason Feldman, Investor Relations for Crane Company. Thank you. You may begin.

Jason Feldman

Thank you, operator and good day, everyone. Welcome to our first quarter 2023 earnings release conference call. I'm Jason Feldman, Vice President of Treasury and Investor Relations.

On our call this morning, we have Max Mitchell, our President and Chief Executive Officer; and Rich Maue, our Executive Vice President and Chief Financial Officer. We'll start off our call with a few prepared remarks, after which we will respond to questions.

Just a reminder that the comments we make on this call may include some forward-looking statements. We refer you to the cautionary language at the bottom of our earnings release and also in our annual report 10-K and subsequent filings pertaining to forward-looking statements. Also, during the call, we'll be using some non-GAAP numbers which are reconciled with the comparable GAAP numbers and tables at the end of our press release and the accompanying slide presentation, both of which are available on our website at www.craneco.com in the Investor Relations section.

Now, let me turn the call over to Max.

Max Mitchell

Thank you, Jason and good morning, everyone. Thanks for joining the call today. While here we are, the separation is complete and an entirely new beginning for Crane Company. We last gave you an update at our March 09, Investor Day as we approached our successful separation on April 03, followed by the honor of my representing our global team by ringing the opening bell of the New York Stock Exchange on the 4th.

It seems just like yesterday that we laid out the case for separation in March of 2022, but here we are 14 months later having successfully executed on schedule. The separation was the logical next step in our multi-decade journey from a holding company to an integrated operating company and now into two separate strong and focused independent businesses; technology leaders, each well-positioned to outperform in its respective markets and each equipped with strong management teams to drive continued success.