---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-017136"
form_type: "8-K"
ticker: "CR"
cik: "0001944013"
company_name: "Crane Co"
filed_at: "2024-04-22T23:59:59+00:00"
generated_at: "2026-06-03T14:34:17.660198+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Crane Q1 EPS $1.12 (adj. $1.22); raises FY adj. EPS to $4.75-$5.05; acquires CryoWorks for ~$61M

## Summary
- Q1 GAAP EPS $1.12, adjusted EPS $1.22; sales $565M (+10% YoY) with 5% core sales growth.
- FY 2024 adjusted EPS guidance raised to $4.75-$5.05 from prior $4.55-$4.85.
- Agreement to acquire CryoWorks for ~$61M; annual sales ~$28M, adj. EBITDA ~$5M; closes Apr 30.
- Q2 2024 dividend declared at $0.205 per share, unchanged from prior.
- Core orders and backlog both grew 11% YoY in Q1.

## SEC filing metadata
- accession: 0001628280-24-017136
- form_type: 8-K
- ticker: CR
- cik: 0001944013
- company_name: Crane Co
- filed_at: 2024-04-22T23:59:59+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/1944013/000162828024017136/0001628280-24-017136-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1944013/000162828024017136/cr-20240422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-017136
- JSON: https://secwatch.observer/filing/0001628280-24-017136.json
- Plain text: https://secwatch.observer/filing/0001628280-24-017136.txt

## Key facts
- Earnings Releases
  Crane Co reported first quarter of 2024 results: revenue $565, EPS $1.12. Guidance raised.
  - Period: first quarter of 2024
  - Revenue: $565
  - EPS: $1.12
  - Guidance: raised
  - Result: reported results
  source text: 6% compared to last year. Summary of First Quarter 2024 Results from Continuing Operations First Quarter Change (unaudited, dollars in millions) 2024 2023 $ % Net sales $565 $514 $ 52 10 % Core sales 24 5 % Acquisitions 26 5 % Foreign exchange 2 0 % Operating profit $89 $78 $ 12 15 % Adjusted operating profit* $97 $91 $ 6 6 % Operating profit margin
  evidence_url: https://www.sec.gov/Archives/edgar/data/1944013/000162828024017136/0001628280-24-017136-index.htm

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