secwatch / observer

Crane Co — fact timeline

Source-grounded facts extracted from Crane Co's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

CR Crane Co JSON
Earnings Releases

Crane Co reported quarter ended March 31, 2026 results: revenue $696.4 million, EPS $1.14. Guidance raised.

“Crane Company Reports First Quarter 2026 Results and Raises Full Year EPS Guidance First Quarter 2026 Highlights • Earnings per diluted share (EPS) from continuing operations of $1.14, down 15% compared to a year ago, and adjusted EPS from continuing operations a record $1.65, up 15%.”
M&A Transactions

Crane Co completed an acquisition involving Baker Hughes Holdings LLC and Bently Nevada, LLC for purchase price of $1,060 million (closed 2026-01-01).

“the “Sellers”). Pursuant to the Agreement, the Company acquired all of Seller’s interest in Panametrics, LLC, which constituted 100% of PSI, for a purchase price of $1,060 million after adjusting for expected tax benefits with a net present value of approximately $90 million, but before contractual adjustments for working capital, cash acquired, and”
Debt Financings

Crane Co incurred credit facility of $900 million with JPMorgan Chase Bank, N.A. at term SOFR rate plus a margin as described below maturing September 30, 2030.

“The Credit Agreement provides for a senior unsecured delayed draw term loan facility in an aggregate principal amount of $900 million (the "Term Facility"), which matures on September 30, 2030, and a senior unsecured revolving facility in an aggregate committed amount of $900 million (the "Revolving Facility"), which matures on September 30, 2030.”

Susan D. Lynch was elected as Director at Crane Co.

“On August 5, 2024, the Board of Directors of Crane Company (the “Company”) elected Susan D. Lynch, 62, to serve as a Director for a term ending on the date of the next Annual Meeting of Stockholders in 2025.”

John S. Stroup resigned as Director at Crane Co.

“On June 4, 2024, John S. Stroup, a current member of the Crane Company (the “Company”) Board of Directors, notified the Board of his intention to resign from the Board, effective as of July 22, 2024 due to additional professional commitments including his election to Partner at Clayton, Dubilier & Rice, a private investment firm.”
Earnings Releases

Crane Co reported first quarter of 2024 results: revenue $565, EPS $1.12. Guidance raised.

“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”
Earnings Releases

Crane Co reported the quarter ended December 31, 2023 results: revenue $533, EPS $0.86. Guidance initiated.

“14% from the prior year. Summary of Fourth Quarter 2023 Results from Continuing Operations Fourth Quarter Change (unaudited, dollars in millions) 2023 2022 $ % Net sales $533 $486 $ 47 10 % Core sales 26 5 % Baum acquisition 15 3 % Foreign exchange 5 1 % Operating profit $67 $49 $ 18 38 % Adjusted operating profit* $75 $65 $ 9 14 % Operating profit”
Earnings Releases

Crane Co reported the quarter ended September 30, 2023 results: revenue $530, EPS $0.96. Guidance raised.

“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 %”
Material Agreements

Crane Co amended incremental facility and amendment agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at $800,000,000 (effective 2023-10-03).

“On October 3, 2023 (the “First Amendment Effective Date”), Crane Company (the “Company”), a Delaware corporation, entered into that certain incremental facility and amendment agreement (the “Amendment”), among the Company, as borrower, CR Holdings, C.V., a wholly-owned subsidiary of the Company, as a subsidiary borrower, the subsidiaries of the Company party thereto as guarantor, the lenders and issuing banks party thereto and JPMorgan Chase Bank, N.A., as administrative agent.”
Earnings Releases

Crane Co reported full year 2023 results: EPS $3.80-$4.10. Guidance raised.

“• Raising adjusted EPS guidance to a range of $3.80-$4.10, from prior range of $3.60-$3.90.”
Earnings Releases

Crane Co reported the first quarter of 2023 results: revenue $514, EPS $1.08. Guidance raised.

“operating profit margin increased 460 basis points to 18.5%. Summary of First Quarter 2023 Results First Quarter Change (unaudited, dollars in millions) 2023 2022 $ % Net sales $514 $539 $ (25) (5) % Core sales 45 8 % Foreign exchange (9) (2) % Divestiture impact (62) (11) % Operating profit $86 $70 $ 16 23 % Adjusted operating profit* $95 $75 $ 20 27 %”
Governance Changes

Crane Co: Board adopted a Code of Business Conduct and Ethics in connection with the Spin-Off.

“In connection with the Spin-Off, the Company Board adopted a Code of Business Conduct and Ethics.”
Governance Changes

Crane Co: By-laws amended and restated (effective 2023-03-28).

“the by-laws of the Company were amended and restated (the "Amended and Restated By-Laws")”
Governance Changes

Crane Co: Certificate of incorporation amended and restated (effective 2023-03-28).

“Effective as of March 28, 2023, the certificate of incorporation of the Company was amended and restated (the "Amended and Restated Certificate of Incorporation")”
Debt Financings

Crane Co incurred term loan of $300 million.

“On April 3, 2023, the Company drew down the full $300 million available under the Term Loan.”

Sanjay Kapoor was appointed as Director at Crane Co.

“Effective as of the consummation of the Spin-Off on April 3, 2023, Sanjay Kapoor was appointed to serve as an additional director on the Company Board”

John S. Stroup was elected as Director at Crane Co.

“each of James L. L. Tullis, Martin R. Benante, Ronald C. Lindsay, Ellen McClain, Charles G. McClure, Jr., Max H. Mitchell, Jennifer M. Pollino and John S. Stroup was elected to serve as a director on the Company Board”

Jennifer M. Pollino was elected as Director at Crane Co.

“each of James L. L. Tullis, Martin R. Benante, Ronald C. Lindsay, Ellen McClain, Charles G. McClure, Jr., Max H. Mitchell, Jennifer M. Pollino and John S. Stroup was elected to serve as a director on the Company Board”

Max H. Mitchell was elected as Director at Crane Co.

“each of James L. L. Tullis, Martin R. Benante, Ronald C. Lindsay, Ellen McClain, Charles G. McClure, Jr., Max H. Mitchell, Jennifer M. Pollino and John S. Stroup was elected to serve as a director on the Company Board”

Charles G. McClure, Jr. was elected as Director at Crane Co.

“each of James L. L. Tullis, Martin R. Benante, Ronald C. Lindsay, Ellen McClain, Charles G. McClure, Jr., Max H. Mitchell, Jennifer M. Pollino and John S. Stroup was elected to serve as a director on the Company Board”

Ellen McClain was elected as Director at Crane Co.

“each of James L. L. Tullis, Martin R. Benante, Ronald C. Lindsay, Ellen McClain, Charles G. McClure, Jr., Max H. Mitchell, Jennifer M. Pollino and John S. Stroup was elected to serve as a director on the Company Board”

Ronald C. Lindsay was elected as Director at Crane Co.

“each of James L. L. Tullis, Martin R. Benante, Ronald C. Lindsay, Ellen McClain, Charles G. McClure, Jr., Max H. Mitchell, Jennifer M. Pollino and John S. Stroup was elected to serve as a director on the Company Board”

Martin R. Benante was elected as Director at Crane Co.

“each of James L. L. Tullis, Martin R. Benante, Ronald C. Lindsay, Ellen McClain, Charles G. McClure, Jr., Max H. Mitchell, Jennifer M. Pollino and John S. Stroup was elected to serve as a director on the Company Board”

James L. L. Tullis was appointed as Chairman of the Board at Crane Co.

“James L. L. Tullis was appointed to serve as the chairman of the Company Board”

James L. L. Tullis was elected as Director at Crane Co.

“each of James L. L. Tullis, Martin R. Benante, Ronald C. Lindsay, Ellen McClain, Charles G. McClure, Jr., Max H. Mitchell, Jennifer M. Pollino and John S. Stroup was elected to serve as a director on the Company Board”

Anthony M. D'Iorio resigned as Director at Crane Co.

“each of Richard A. Maue and Anthony M. D’Iorio resigned from his position as a director on the Company Board.”

Richard A. Maue resigned as Director at Crane Co.

“each of Richard A. Maue and Anthony M. D’Iorio resigned from his position as a director on the Company Board.”
Debt Financings

Crane Co incurred revolving credit of committed amount of $500 million with JPMorgan Chase Bank, N.A., as administrative agent at alternate base rate plus a margin ranging from 0.50% to 1.25% or adjusted term S maturing March 17, 2028.

“a senior unsecured revolving facility in an aggregate committed amount of $500 million (the “Revolving Facility”), which matures on March 17, 2028”
Debt Financings

Crane Co incurred term loan of $300 million with JPMorgan Chase Bank, N.A., as administrative agent at adjusted term SOFR rate plus a credit spread adjustment of 0.10% plus a margin r maturing March 17, 2026.

“provides for a senior unsecured term loan facility in an aggregate principal amount of $300 million (the “Term Facility”), which matures on March 17, 2026”
Material Agreements

Crane Co entered into Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent and the other agents and arrangers party thereto valued at aggregate principal amount of $300 million the Term Facility and committed amount of $500 million th (effective 2023-03-17).

“On March 17, 2023, Crane Company (the “Company”), a wholly-owned subsidiary of Crane Holdings, Co. (“Crane Holdings”), entered into a credit agreement (the “Credit Agreement”), by and among the Company, as borrower, CR Holdings, C.V., a wholly-owned subsidiary of the Company, as a subsidiary borrower, the lenders and issuing banks party thereto and JPMorgan Chase Bank, N.A., as administrative agent and the other agents and arrangers party thereto.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.