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Max Mitchell

Executive Chairman, Crane Company

Search every verified Max Mitchell interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Max Mitchell, president and chief executive officer of Crane Co., discussed the company's second-quarter 2020 results on a June 30 earnings call. He reported that adjusted earnings per share of 64 cents exceeded the company's guidance of 40 to 50 cents, attributing the outperformance largely to timing. Mitchell also noted a narrowed full-year guidance range with a modestly raised midpoint, and referenced a revised currency order for the government's fiscal 2020 that increased from $5.2 billion to $6.2 billion, about 20 percent above the original order. Mitchell emphasized the company's financial stability during the downturn, highlighting ample liquidity of approximately $900 million and no plans to draw on its revolving credit facility. He thanked Crane's teams for their execution and perseverance, and described the company's commitment to maintaining safe working environments and driving innovation to serve customers. He also mentioned the upcoming annual strategic planning process with each of the company's 11 businesses, noting that the pandemic creates challenges for long-term planning but reinforces the importance of such reviews. Mitchell expressed confidence in positioning Crane for a market recovery, borrowing a quote from Little Richard: "It's not the size of the ship, it's the size of the waves."

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