secwatch.observer — SEC 8-K summary
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Issuer:     Crane Co (CR)
CIK:        0001944013
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0001628280-23-025601
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crane Q2 adj EPS $1.10, core sales up 5%; raises FY guidance to $3.80-$4.10
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- GAAP EPS $0.75; adjusted EPS $1.10; adjusted operating profit up 30% YoY.
- Revenue $510M, down 4% YoY with core sales up 5%, offset by Crane Supply divestiture.
- Adjusted operating margin 16.5%, up 430 bps; core backlog growth 15%.
- Raising full-year adj EPS guidance to $3.80-$4.10 from $3.60-$3.90; Q3 dividend $0.18/shr.
- Management cites ~$1B acquisition capacity, actively exploring bolt-on M&A.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1944013/000162828023025601/0001628280-23-025601-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1944013/000162828023025601/cr-20230725.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-025601

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