---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-049576"
form_type: "8-K"
ticker: "CR"
cik: "0001944013"
company_name: "Crane Co"
filed_at: "2024-12-02T23:59:59+00:00"
generated_at: "2026-05-29T12:12:40.647020+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Crane sells Engineered Materials to KPS for $227M; updates EPS guidance

## Summary
- Divestiture of Engineered Materials segment to KPS Capital Partners for $227 million.
- Transaction expected to close in Q1 2025, subject to regulatory approvals.
- Engineered Materials will be reported as discontinued operations from Q4 2024 onward.
- Updated FY2024 adjusted EPS from continuing ops guidance: $4.71–$4.86 (prior $5.05–$5.20).
- CEO says divestiture continues portfolio simplification toward core growth platforms.

## SEC filing metadata
- accession: 0001628280-24-049576
- form_type: 8-K
- ticker: CR
- cik: 0001944013
- company_name: Crane Co
- filed_at: 2024-12-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1944013/000162828024049576/0001628280-24-049576-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1944013/000162828024049576/cr-20241202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-049576
- JSON: https://secwatch.observer/filing/0001628280-24-049576.json
- Plain text: https://secwatch.observer/filing/0001628280-24-049576.txt

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