Crane Co. ( CR) 8th Annual US Small/Mid Cap Conference November 15, 2011 11:05 AM ET Executives Andrew Krawitt – VP, Treasurer and Principal Financial Officer PresentationUnidentified Company Representative
Senior analyst covering the multi industry and electrical equipment group and Citi and we're delighted for you to join us and also our webcast listeners, we are kicking off the Citi Smith Cap Conference with Crane. Today from the company we have Andrew Krawitt who is the Principal Financial Officer and the Treasurer of Crane and has been the company since 2006 and previously he was the Director of Financial Planning at Analysis at Pepsi Co. Also here is Dick Koch, the Head of Investor Relations with Crane and let me hand the floor over to Andrew. Thank you. Andrew Krawitt Thanks Dean. Good morning. Crane is a diversified manufacturer of engineered industrial products and we tend to have a substantial presence in focus niche markets and by niche markets we mean markets that are typically less than 1 billion or 1.5 billion or so in size. These businesses tend to have high returns and excess cash flow and we have a very disciplined process to redeploy that cash flow back into the businesses. Above all we want to conduct our business with integrity and honest dealings. This is a principal that dates back to our founder R.T. Crane in 1855. A lot of companies pay lip service to this but it really is in our culture at Crane.