secwatch.observer — SEC 8-K summary
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Issuer:     Crane Co (CR)
CIK:        0001944013
Form:       8-K
Filed at:   2023-10-23T23:59:59+00:00
Accession:  0001628280-23-034914
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1944013/000162828023034914/0001628280-23-034914-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1944013/000162828023034914/cr-20231023.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-034914

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