CR - This Could Be The Trough For Crane

• CR's quarterly revenue fell 13% Y/Y. Aerospace & Electronics fell the hardest, down 29%.
• EBITDA fell over 35% as the decline in scale hurt margins. Cost containment efforts could help stabilize EBITDA this year.
• Management believes the business may have hit a trough, and will improve as the economy slowly reopens.
• CR is up 75% Y/Y, so the upside in the stock may have occurred already. I rate CR a hold.

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