{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-017263","form_type":"8-K","ticker":"CR","cik":"0001944013","company_name":"Crane Co","filed_at":"2023-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.608908+00:00","generated_at":"2026-06-15T07:15:52.189025+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Crane Q1 adj. EPS $1.25 beats; core sales +8%; raises FY adj. EPS guidance","bullets":["Q1 pro forma EPS $1.08; adjusted EPS $1.25; GAAP operating margin 16.8% vs 13.0% YoY.","Core sales +8% YoY offset by -11% from Crane Supply divestiture and -2% FX; total sales $514M (-5%).","Record adjusted operating margin 18.5%, up 460 bps YoY; adj. operating profit $95M (+27%).","FY2023 adjusted EPS guidance raised to $3.60-$3.90 from $3.40-$3.70; Q2 dividend $0.18/share declared.","Crane separation from Crane Holdings completed April 3; now a standalone independent company."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-017263","json":"https://secwatch.observer/filing/0001628280-23-017263.json","markdown":"https://secwatch.observer/filing/0001628280-23-017263.md","text":"https://secwatch.observer/filing/0001628280-23-017263.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1944013/000162828023017263/0001628280-23-017263-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1944013/000162828023017263/cr-20230510.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T07:15:52.189025+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"22555b7f402f9d5d4443055770ecf1192a1c10be","claim":"Crane Co reported the first quarter of 2023 results: revenue $514, EPS $1.08. Guidance raised.","evidence_excerpt":"operating profit margin increased 460 basis points to 18.5%. Summary of First Quarter 2023 Results First Quarter Change (unaudited, dollars in millions) 2023 2022 $ % Net sales $514 $539 $ (25) (5) % Core sales 45 8 % Foreign exchange (9) (2) % Divestiture impact (62) (11) % Operating profit $86 $70 $ 16 23 % Adjusted operating profit* $95 $75 $ 20 27 %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1944013/000162828023017263/0001628280-23-017263-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter of 2023"},{"label":"Revenue","value":"$514"},{"label":"EPS","value":"$1.08"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}