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Private company

CRAWFORD UNITED Corp

CRAWFORD UNITED Corp is an American industrial instruments for measurement company based in Cleveland.2

Last updated Oct 21, 2026.

Overview

$150.2MRevenue, fiscal 20243
$13.6MNet income, fiscal 20243
  • IndustryIndustrial Instruments For Measurement, Display, and Control2
  • HeadquartersCleveland, United States2
  • Incorporated inOH4
  • Business address10514 Dupont Ave, Cleveland, Oh 441084
  • Filer categoryNon-accelerated filer, Smaller reporting company4
  • Legal formCorporation (For-Profit)2
  • LEI549300NYYZB8CYXPJZ042
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O CAROL BRAUNSCHWEIG, 44114 Cleveland, United States2
  • Registered withCorporation Database (Ohio Secretary of State), 42910102

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Crawford United Corporation was founded in 1910 and organized in 1915 as an Ohio corporation, and first offered its securities to the public in 1959. Except as otherwise stated, the terms "Company" or "Crawford United" as used herein mean Crawford United Corporation and its wholly-owned subsidiaries, CAD Enterprises Inc., Data Genomix LLC, Federal Hose Manufacturing LLC, Crawford AE LLC doing business as Air Enterprises, Marine Products International LLC, Komtek Forge LLC, Global-Tek-Manufacturing LLC, Global-Tek Colorado LLC, Emergency Hydraulics LLC, Knitting Machinery Company of America, LLC, Reverso Pumps LLC , Separ America LLC, Heany Industries, LLC, and Advanced Industrial Coatings, LLC. Crawford United Corporation is a growth-oriented holding company providing specialty industrial products to diverse markets, including healthcare, aerospace, defense, education, transportation, an…6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

27.7%Gross margin3
13.1%Operating margin3
9.1%Net margin3
4.4%Revenue growth, 20243
18.8%Return on equity3

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue72¢$108.6M
  • Selling, general and admin15¢$22.0M
  • Other costs1¢$2.0M
  • Income tax3¢$4.0M
  • Profit9¢$13.6M

Out of $150.2M in revenue.3

Where each dollar of operating cash went, fiscal 2024

  • Share buybacks2¢$312.6K
  • Kept or used elsewhere98¢$18.8M

Out of $19.1M of cash from operations.3

Financial statements

Revenue7891011123$150.2M in 2024+531% since 2017
0$50.0M$100.0M$150.0M$200.0M2017: $23.8M$23.8M20172018: $66.4M$66.4M2018+179%2019: $89.7M$89.7M2019+35%2020: $85.1M$85.1M2020−5%2021: $104.2M$104.2M2021+22%2022: $127.8M$127.8M2022+23%2023: $143.9M$143.9M2023+13%2024: $150.2M$150.2M2024+4%
Gross profit13891011123$41.6M in 2024+419% since 2017
0$20.0M$40.0M$60.0M2017: $8.0M$8.0M20172018: $15.3M$15.3M2018+91%2019: $19.6M$19.6M2019+28%2020: $18.9M$18.9M2020−3%2021: $21.9M$21.9M2021+16%2022: $27.0M$27.0M2022+23%2023: $37.6M$37.6M2023+39%2024: $41.6M$41.6M2024+11%
Operating income13891011123$19.7M in 2024+634% since 2017
0$5.0M$10.0M$15.0M$20.0M2017: $2.7M$2.7M20172018: $7.3M$7.3M2018+173%2019: $10.5M$10.5M2019+44%2020: $7.5M$7.5M2020−29%2021: $7.0M$7.0M2021−6%2022: $8.5M$8.5M2022+22%2023: $17.9M$17.9M2023+110%2024: $19.7M$19.7M2024+10%
Net income13891011123$13.6M in 2024+865% since 2017
0$5.0M$10.0M$15.0M2017: $1.4M$1.4M20172018: $3.6M$3.6M2018+157%2019: $7.0M$7.0M2019+93%2020: $5.8M$5.8M2020−16%2021: $5.7M$5.7M2021−3%2022: $6.6M$6.6M2022+16%2023: $13.3M$13.3M2023+103%2024: $13.6M$13.6M2024+2%
Fiscal year20172018201920202021202220232024
Revenue$23.8M7$66.4M8$89.7M9$85.1M10$104.2M11$127.8M12$143.9M3$150.2M3
Cost of revenue$15.8M13$51.1M8$70.1M9$66.1M10$82.2M11$100.7M12$106.2M3$108.6M3
Gross profit$8.0M13$15.3M8$19.6M9$18.9M10$21.9M11$27.0M12$37.6M3$41.6M3
Research and development$796.0K13$220.4K8
Selling, general and admin$4.5M13$7.8M8$9.1M9$11.5M10$14.9M11$18.5M12$19.7M3$22.0M3
Operating income$2.7M13$7.3M8$10.5M9$7.5M10$7.0M11$8.5M12$17.9M3$19.7M3
Interest$282.6K13$749.0K8$1.1M9$952.2K10$881.7K11$1.1M12$1.3M12
Income before tax$7.4M11$7.7M12$17.2M3$17.6M3
Income tax$780.4K13$1.7M8$2.4M9$1.6M10$1.7M11$1.2M12$3.9M3$4.0M3
Net income$1.4M13$3.6M8$7.0M9$5.8M10$5.7M11$6.6M12$13.3M3$13.6M3
Earnings per share$0.4913$1.298$2.459$1.7610$1.6611$1.8912$3.793$3.843
Earnings per share (diluted)$0.4613$1.148$2.139$1.7610$1.6611$1.8912$3.773$3.833
Shares (weighted, basic)3.4M shares113.5M shares123.5M shares33.5M shares3
Shares (weighted, diluted)3.4M shares113.5M shares123.5M shares33.6M shares3

Compare CRAWFORD UNITED Corp with another company

Corporate structure

CRAWFORD UNITED Corp sits at the top of its group. 17 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • CRAWFORD UNITED Corp Cleveland, Ohio, United States
    • Advanced Industrial Coatings LLC Subsidiary · Delaware, United States
    • CAD Enterprises, Inc. Subsidiary · Arizona, United States
    • Crawford AE LLC Subsidiary · Ohio, United States
    • Data Genomix LLC Subsidiary · Ohio, United States
    • Emergency Hydraulics LLC Subsidiary · Florida, United States
    • Federal Hose Manufacturing LLC Subsidiary · Ohio, United States
    • Global-Tek Colorado Subsidiary · Delaware, United States
    • Global-Tek Manufacturing LLC Subsidiary · Puerto Rico, United States
    • Heany Industries LLC Subsidiary · Delaware, United States
    • Knitting Machinery Company of America, LLC Subsidiary · Ohio, United States
    • Komtek Forge LLC Subsidiary · Massachusetts, United States
    • Marine Products International LLC Subsidiary · Ohio, United States
    • Reverso Pumps LLC Subsidiary · Florida, United States
    • Separ America LLC Subsidiary · Florida, United States
    • Supreme Electronics Corp. Subsidiary · Mississippi, United States
    • Waekon Corporation Subsidiary · Ohio, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC. Each entity in the chart links to its source.

What it owns

What CRAWFORD UNITED Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$39.8M3 Dec 31, 2024$28.8M3 Dec 31, 2023+38.1%
Accumulated depreciation$16.7M3 Dec 31, 2024$14.2M3 Dec 31, 2023+17.7%
Property and equipment, net$23.2M3 Dec 31, 2024$14.7M3 Dec 31, 2023+57.8%
Operating-lease assets (leased space)$7.0M3 Dec 31, 2024$8.4M3 Dec 31, 2023−16.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.5M3 Dec 31, 2024$1.6M3 Dec 31, 2023−6.3%
Equity securities at fair value$03 Dec 31, 2024$665.3K3 Dec 31, 2023−100.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$18.5M3 Dec 31, 2024$16.5M3 Dec 31, 2023+12.7%
Finite-lived intangibles, gross$17.5M3 Dec 31, 2024$14.0M3 Dec 31, 2023+24.8%
Accumulated amortization$7.2M3 Dec 31, 2024$5.7M3 Dec 31, 2023+25.1%
Finite-lived intangibles, net$10.3M3 Dec 31, 2024$8.3M3 Dec 31, 2023+24.6%

Inventory

ItemLatestA year beforeChange
Inventory, total$18.3M3 Dec 31, 2024$17.7M3 Dec 31, 2023+3.4%
Raw materials$3.8M3 Dec 31, 2024$4.0M3 Dec 31, 2023−5.9%
Work in process$4.4M3 Dec 31, 2024$4.5M3 Dec 31, 2023−2.1%
Finished goods$11.0M3 Dec 31, 2024$9.8M3 Dec 31, 2023+11.3%

Properties, in its own words

The Company operates facilities in the United States of America and Puerto Rico. The following table provides information relative to our principal facilities as of December 31, 2024:

LOCATION · SIZE · DESCRIPTION · OWNED OR LEASED

The rest of Item 2

Akron, OH · 100,000 Sq. Ft. · Used for design and manufacturing air handling units and administration · Leased through 2034

Ceiba, Puerto Rico · 11,467 Sq. Ft. · Used for manufacturing and precision machining of industrial components. · Leased through 2026.

Cleveland, Ohio · 37,000 Sq. Ft. · Used for corporate administrative headquarters. · Owned

Eastlake, Ohio · 51,520 Sq. Ft. · Used for the storage and distribution of marine hose and administration · Leased through 2027.

Longmont, Colorado · 2,400 Sq. Ft. · Used for manufacturing and precision machining of industrial components. · Month to Month

Ocala, Florida · 9,600 Sq. Ft. · Used for the storage of hydraulic hose. · Leased, through 2027.

Davie, Florida · 7,010 Sq. Ft. · Used for the manufacturing, storage and distribution of fuel pump products and administration. · Leased, through 2025.

Painesville, Ohio · 50,000 Sq. Ft. · Used for manufacturing flexible metal hose and administration. · Leased, through 2026.

Phoenix, Arizona · 67,000 Sq. Ft. · Used for manufacturing and precision machining of aerospace components. · Owned

Worcester, Massachusetts · 56,706 Sq. Ft. · Used for manufacturing of highly engineered forgings. · Leased through 2033.

Greenville, Ohio · 53,135 Sq. Ft. · Used for manufacturing and precision machining of industrial components. · Leased through 2028.

Scottsville, New York · 23,439 Sq. Ft. · Used for the coating of aerospace components and ceramic manufacturing. · Owned

Stockton, California · 30,000 Sq. Ft. · Used for the coating of aerospace components. · Leased through 2028.

The Company's headquarters and executive offices are located in Cleveland, Ohio. The Company's Industrial and Transportation Products segment utilizes the Phoenix, Arizona; Worcester, Massachusetts; Longmont, Colorado; Ceiba, Puerto Rico; Painesville, Ohio; Eastlake, Ohio; Greenville, Ohio; Ocala, Florida; Davie, Florida; Scottsville, New York; and Stockton, California properties. The Company’s Commercial Air Handling Equipment segment utilizes the Akron, Ohio property.

We consider our facilities to be well-maintained and in good operating condition. We believe the quality and production capacity of our facilities is sufficient to maintain our competitive position for the foreseeable future and accommodate our anticipated growth in production.

Item 2 of the 10-K filed Feb 27, 2025.6

Leadership

Who has led CRAWFORD UNITED Corp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Robert L. Bauman2006–2013
  2. Brian E. Powers2017–now

President

  1. Robert L. Bauman2006–2013

Chief financial officer

  1. Kelly Kuna2017–2020
  2. Jay Daly2020–2023
  3. Jeffrey Salay2024–now
2010201520202025
Board members and other officers (18)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Advanced Industrial Coatings LLC Delaware5
  • CAD Enterprises, Inc. Arizona5
  • Crawford AE LLC Ohio5
  • Data Genomix LLC Ohio5
  • Emergency Hydraulics LLC Florida5
  • Federal Hose Manufacturing LLC Ohio5
  • Global-Tek Colorado Delaware5
  • Global-Tek Manufacturing LLC Puerto Rico5
  • Heany Industries LLC Delaware5
  • Knitting Machinery Company of America, LLC Ohio5
  • Komtek Forge LLC Massachusetts5
  • Marine Products International LLC Ohio5
  • Reverso Pumps LLC Florida5
  • Separ America LLC Florida5
  • Supreme Electronics Corp. Mississippi5
  • Waekon Corporation Ohio5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • HICKOK INCMay 15, 1995 to May 14, 20194

Timeline

  1. Feb 6, 20268-K Completed an acquisition or sale; Change to shareholders' rights; Change in control39
  2. Feb 3, 20268-K Shareholder vote40
  3. Dec 8, 20258-K Entered a material agreement; Executive or director change; Other events41
  4. Nov 4, 20258-K Results of operations42
  5. Jul 31, 20258-K Results of operations43
  6. May 28, 20258-K Shareholder vote44
  7. May 8, 20258-K Results of operations45
  8. Feb 27, 20258-K Results of operations46
  9. Jan 7, 20258-K Entered a material agreement; Regulation FD disclosure47
  10. Nov 6, 20248-K Results of operations48
  11. Sep 3, 20248-K Entered a material agreement; Regulation FD disclosure49
  12. Jul 31, 20248-K Results of operations50
  13. Jan 9, 2017New chief executive Brian E. Powers becomes CEO17
  14. May 23, 2006New chief executive Robert L. Bauman becomes CEO18

Calendar

When it reported results

  1. Nov 4, 2025Reported quarterly or annual results42
  2. Jul 31, 2025Reported quarterly or annual results43
  3. May 8, 2025Reported quarterly or annual results45
  4. Feb 27, 2025Reported quarterly or annual results46
  5. Nov 6, 2024Reported quarterly or annual results48
  6. Jul 31, 2024Reported quarterly or annual results50
  7. Apr 30, 2024Reported quarterly or annual results51
  8. Mar 5, 2024Reported quarterly or annual results52

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

140 filings to the SEC since October 2021: 4 annual reports, 13 quarterly reports, 34 major events, 59 insider forms, 30 other. The latest 20:

  1. Feb 26, 202615-12G EDGAR
  2. Feb 9, 2026S-8 POS EDGAR
  3. Feb 6, 20264 EDGAR
  4. Feb 6, 20264 EDGAR
  5. Feb 6, 20264 EDGAR
  6. Feb 6, 20264 EDGAR
  7. Feb 6, 20264 EDGAR
  8. Feb 6, 20264 EDGAR
  9. Feb 6, 20264 EDGAR
  10. Feb 6, 20264 EDGAR
  11. Feb 6, 20268-K EDGAR
  12. Feb 6, 2026S-8 POS EDGAR
  13. Feb 6, 2026S-8 POS EDGAR
  14. Feb 6, 2026S-8 POS EDGAR
  15. Feb 6, 2026S-8 POS EDGAR
  16. Feb 6, 2026S-8 POS EDGAR
  17. Feb 6, 2026S-8 POS EDGAR
  18. Feb 6, 2026S-8 POS EDGAR
  19. Feb 3, 20268-K EDGAR
  20. Jan 26, 2026DEFA14A EDGAR

The 140 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

10 open-market trades by officers, directors and large owners since October 2021: 7 buys and 3 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 9, 2024Smith KirinDirectorSale3,000$37.01$111.0KForm 4
Jun 12, 2024Smith KirinDirectorSale1,854$36.35$67.4KForm 4
Jun 4, 2024CRAWFORD MATTHEW VDirectorBuy10,000$36.00$360.0KForm 4
Jun 4, 2024Smith KirinDirectorSale10,000$36.00$360.0KForm 4
Jun 14, 2023CRAWFORD MATTHEW VDirectorBuy30,000$18.00$540.0KForm 4
Jun 14, 2023CRAWFORD EDWARD FDirectorBuy30,000$18.00$540.0KForm 4
Jun 8, 2022WERT JAMES WDirectorBuy1,000$22.00$22.0KForm 4
Jun 6, 2022WERT JAMES WDirectorBuy1,000$24.00$24.0KForm 4
May 31, 2022WERT JAMES WDirectorBuy500$24.75$12.4KForm 4
May 1, 2022CRAWFORD EDWARD FDirectorBuy38,462$26.00$1.0MForm 4

From Forms 4 filed with the SEC.

SEC filer profile

How CRAWFORD UNITED Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCRAWFORD UNITED Corp1
  • CIK0000047307
  • Employer ID (EIN)34-02884706
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company6
  • Incorporated inOhio6
  • Fiscal year endsDecember 311
  • Industry code (SIC)3823 Industrial Instruments For Measurement, Display, and Control1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business address10514 Dupont Ave, Cleveland, OH 441081
  • Phone21654180601
  • Shares outstanding2,820,081 Common Class A shares; 731,848 Common Class B shares as of Feb 25, 20256
  • Public float$28.5M as of Jun 30, 20246
  • AuditorMeaden & Moore, Ltd., Cleveland, Ohio PCAOB ID 314; no auditor attestation of internal control over financial reporting6
  • On EDGAR sinceMay 15, 19951
  • Filings745 in all: 4 (231), 8-K (180), 10-Q (77), DEF 14A (31), 10-K (20), 3 (20), 4/A (19), 10QSB (15)1
    All 39 form types

    SC 13D/A (15), ARS (12), SC 13G/A (12), SC 13D (11), 5 (9), 8-K/A (8), S-8 POS (8), SD (8), UPLOAD (8), S-8 (6), 10-K/A (5), 10-K405 (5), 10KSB (5), CORRESP (5), NT 10-K (5), DEFA14A (4), SC 13E3/A (4), D (3), PRE 14A (3), SC 13G (3), DEFM14A (2), PREM14A (2), 10-KT (1), 10KSB/A (1), 15-12G (1), 3/A (1), 5/A (1), DEFR14A (1), RW (1), S-1 (1), SC 13E3 (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2025
    Quarterly report (10-Q) Nov 4, 2025
    Proxy statement (DEF 14A) Apr 9, 2025
    Latest 8-K (8-K) Feb 6, 2026

Risk factors and legal proceedings

The risks CRAWFORD UNITED Corp names in Item 1A of its 10-K filed Feb 27, 2025: 15 risks under these headings, as written.6

  • Company Risk Factors
  • Conditions in the global economy, the particular markets we serve and the financial markets may adversely affect our business and results of operations.
  • Significant developments or uncertainties stemming from U.S. laws and policies, including changes in U.S. trade policies, tariffs and the reaction of other countries thereto, could have an adverse effect on our business.
  • Decreased availability or increased costs of materials could increase our costs of producing our products.
  • Our growth could suffer if the markets into which we sell our products decline, do not grow as anticipated or experience cyclicality.
  • Our revolving credit facility contains various covenants limiting the discretion of our management in operating our business, including requiring us to maintain a maximum fixed charge coverage ratio.
  • We are dependent on key customers.
  • Our acquisition of businesses could negatively impact our financial results.
  • Future claims, litigation and regulatory actions could adversely affect our financial condition and our ability to conduct our business.
  • Our business operations could be significantly disrupted by the loss of any members of our senior management team and segment leaders.
  • A significant disruption in, or breach in security of, our information technology systems or data could adversely affect our business, reputation and results of operations.
  • General Risk Factors
The other 5 risks
  • We are engaged in highly competitive industries and if we are unable to compete effectively, we may experience decreased demand and decreased market share.
  • Adverse credit market conditions may significantly affect our access to capital, cost of capital and ability to meet liquidity needs.
  • Changes in foreign, cultural, political and financial market conditions could impair the Company’s operations and financial performance.
  • Artificial intelligence presents risks and challenges that can impact our business.
  • Unforeseen future events may negatively impact our economic condition.

Legal proceedings

At the time of filing this Annual Report on Form 10-K, there were no material legal proceedings pending or threatened against the Company.

The opening of Item 3, Legal Proceedings.6

Sources

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