---
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"
generated_at: "2026-06-15T07:15:52.189025+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Crane Q1 adj. EPS $1.25 beats; core sales +8%; raises FY adj. EPS guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-017263
- JSON: https://secwatch.observer/filing/0001628280-23-017263.json
- Plain text: https://secwatch.observer/filing/0001628280-23-017263.txt

## Key facts
- Earnings Releases
  Crane Co reported the first quarter of 2023 results: revenue $514, EPS $1.08. Guidance raised.
  - Period: the first quarter of 2023
  - Revenue: $514
  - EPS: $1.08
  - Guidance: raised
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1944013/000162828023017263/0001628280-23-017263-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.