secwatch.observer — SEC 8-K summary
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Issuer:     Crane Co (CR)
CIK:        0001944013
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0001628280-24-017136
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1944013/000162828024017136/0001628280-24-017136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1944013/000162828024017136/cr-20240422.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-017136

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