secwatch.observer — SEC 8-K summary
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Issuer:     Crane NXT, Co. (CXT)
CIK:        0000025445
Form:       8-K
Filed at:   2022-01-24T23:59:59+00:00
Accession:  0001628280-22-001188
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crane Co. reports record 2021 adjusted EPS of $6.55, provides 2022 guidance of $7.00-$7.40
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- GAAP EPS from continuing operations $6.66 in 2021 vs $2.77 in 2020; adjusted EPS $6.55, up 87% YoY.
- Record operating margin of 15.8% and record free cash flow of $415M in 2021.
- Core sales growth 12% YoY; core orders growth 19% YoY in 2021.
- 2022 guidance: GAAP EPS $6.85-$7.25; adjusted EPS $7.00-$7.40, implying 10% earnings growth at midpoint.
- Asbestos liability $612M as of Dec 31, 2021; net pre-tax cash payments $44.9M in 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25445/000162828022001188/0001628280-22-001188-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25445/000162828022001188/cr-20220124.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-001188

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