secwatch.observer — SEC 8-K summary
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Issuer:     Crane NXT, Co. (CXT)
CIK:        0000025445
Form:       8-K
Filed at:   2022-04-25T23:59:59+00:00
Accession:  0001628280-22-010140
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crane Co. Q1 adjusted EPS $1.81 (+15% YoY); signs deal to divest Crane Supply for CAD 380M
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- GAAP EPS $1.64 vs $1.75 prior year; record adjusted EPS $1.81, up 15% YoY.
- Core sales +5%, core orders +12% YoY; completed $300M share repurchase program.
- Signed agreement to divest Crane Supply for CAD 380M to streamline Process Flow Technologies.
- Updated GAAP EPS guidance to $6.35-$6.75; reiterated adjusted EPS guidance $7.00-$7.40.
- Asbestos liability unchanged at $600M; pending claims 30,312; Q1 costs incurred $13.0M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25445/000162828022010140/0001628280-22-010140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25445/000162828022010140/cr-20220425.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-010140

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