secwatch.observer — SEC 8-K summary
======================================

Issuer:     Crane NXT, Co. (CXT)
CIK:        0000025445
Form:       8-K
Filed at:   2022-10-24T23:59:59+00:00
Accession:  0001628280-22-026898
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crane Holdings reports Q3 GAAP loss of $1.06/sh, adjusted EPS $1.86; narrows FY adjusted EPS guidance
--------------------------------------------------------------------------------

- GAAP net loss $1.06 per share includes $2.89/sh after-tax loss on August asbestos divestiture; GAAP EPS guidance lowered to $6.58-$6.72.
- Adjusted EPS $1.86 vs $1.98 YoY; adjusted operating margins 17.6%; core sales +2%, core orders +10%.
- Full-year 2022 adjusted EPS guidance reaffirmed midpoint, narrowed to $7.58-$7.72 from $7.45-$7.85.
- Separation into Crane NXT on track for early April 2023; Aaron W. Saak appointed Crane NXT President and CEO.
- Asbestos divestiture completed in August removes all asbestos liabilities from balance sheet.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/25445/000162828022026898/0001628280-22-026898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/25445/000162828022026898/cr-20221024.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-026898

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