secwatch.observer — SEC 8-K summary
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Issuer:     Crane NXT, Co. (CXT)
CIK:        0000025445
Form:       8-K
Filed at:   2022-06-01T23:59:59+00:00
Accession:  0001193125-22-165288
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crane terminates Engineered Materials sale, completes Crane Supply, raises FY22 guidance
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- Crane Supply divestiture closed May 31 for CAD 380M cash-free, debt-free basis.
- Engineered Materials sale terminated after DOJ antitrust objection; $7.5M termination fee received.
- Engineered Materials returns to continuing ops; GAAP EPS guidance raised to $6.80-$7.20 (incl. ~$0.45 from EM).
- Adjusted EPS guidance raised to $7.45-$7.85 from $7.00-$7.40.
- Separation into two independent companies remains on track for early 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25445/000119312522165288/0001193125-22-165288-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25445/000119312522165288/d355129d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-165288

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer