---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-034914"
form_type: "8-K"
ticker: "CR"
cik: "0001944013"
company_name: "Crane Co"
filed_at: "2023-10-23T23:59:59+00:00"
generated_at: "2026-06-09T17:23:49.581441+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Crane Q3 EPS $0.96, adj $1.03; raises guidance to $4.05-$4.20; acquires Baum for $91M

## Summary
- GAAP EPS $0.96; adjusted EPS $1.03; core sales up 9% YoY to $530M.
- Adjusted operating profit $81M, up 42% YoY; margins expanded 340bps to 15.2%.
- Raised full-year adjusted EPS guidance to $4.05-$4.20 from $3.80-$4.10.
- Acquired Baum lined piping GmbH for ~$91M; bolt-on for Process Flow Technologies chemical business.
- Declared Q4 dividend of $0.18 per share.

## SEC filing metadata
- accession: 0001628280-23-034914
- form_type: 8-K
- ticker: CR
- cik: 0001944013
- company_name: Crane Co
- filed_at: 2023-10-23T23:59:59+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/1944013/000162828023034914/0001628280-23-034914-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1944013/000162828023034914/cr-20231023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-034914
- JSON: https://secwatch.observer/filing/0001628280-23-034914.json
- Plain text: https://secwatch.observer/filing/0001628280-23-034914.txt

## Key facts
- Earnings Releases
  Crane Co reported the quarter ended September 30, 2023 results: revenue $530, EPS $0.96. Guidance raised.
  - Period: the quarter ended September 30, 2023
  - Revenue: $530
  - EPS: $0.96
  - Guidance: raised
  - Result: reported results
  source text: Third quarter 2023 GAAP earnings from continuing operations per diluted share (EPS) was $0.96, and adjusted EPS was $1.03. Third quarter sales increased 10%, with 9% core sales growth and a 1% benefit from favorable foreign exchange. Operating profit from continuing operations of $76 million compared to an operating loss of $117 million last year, with the prior year loss related to the sale of the Company's asbestos liability. Adjusted operating profit from continuing operations of $81 million increased 42% from the prior year. Summary of Third Quarter 2023 Results from Continuing Operations Third Quarter Change (unaudited, dollars in millions) 2023 2022 $ % Net sales $530 $480 $ 50 10 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1944013/000162828023034914/0001628280-23-034914-index.htm

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