secwatch.observer — SEC 8-K summary
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Issuer:     Crane Co (CR)
CIK:        0001944013
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001628280-23-017263
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1944013/000162828023017263/0001628280-23-017263-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1944013/000162828023017263/cr-20230510.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-017263

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