Highest-materiality recent filing
Crane Q2 adjusted EPS $1.79 beats; raises FY adjusted EPS guidance to $6.85-$7.05
GAAP EPS $1.63 (+19% YoY); adjusted EPS record $1.79 (+18% YoY).
Crane Q1 adjusted EPS $1.65 (+15% YoY); raises FY adjusted EPS guidance to $6.65-$6.85
GAAP EPS from continuing ops $1.14, down 15% YoY; adjusted EPS $1.65, up 15%.
Crane's acquired PSI business: $382M revenue, $28M net income in 2024
Precision Sensors & Instrumentation (Druck, Panametrics, Reuter-Stokes) revenue $382M in 2024, net income $28M.
Alex Alcala, formerly EVP & COO, promoted to President and CEO; Max Mitchell transitions to Executive Chairman, effective April 27, 2026.
Crane Q4 EPS $1.39, record year, CEO succession to Alcala, two acquisitions closed, dividend +11%
Q4 GAAP EPS $1.39 (up 16% YoY); adjusted EPS $1.53 (up 21%); sales $581M (+6.8% with 5.4% core growth).
Crane Q3 adjusted EPS $1.64 beats; raises FY guidance to $5.75-$5.95
GAAP EPS $1.56 (+25% YoY); adjusted EPS $1.64 (+27% YoY).
Crane enters $1.8B credit agreement to fund PSI acquisition; $900M term, $900M revolver
Entered $900M delayed draw term loan and $900M revolving credit facility, both due Sept 30, 2030.
Crane Q2 2025 adj EPS $1.49 (+24%); raises FY adj EPS guide to $5.50-$5.80
GAAP EPS from continuing ops $1.37 (+20%); adjusted EPS $1.49 (+24%) on sales $577.2M (+9.2%).
Crane Company to acquire Precision Sensors & Instrumentation from Baker Hughes for $1.06B
Purchase price of $1,060M after adjusting for ~$90M NPV of tax benefits.
Crane Q1 2025: EPS $1.34 (up 31%), adjusted EPS $1.39 (up 24%), sales up 9.3%
GAAP EPS from continuing operations $1.34, up 31% YoY; adjusted EPS $1.39, up 24%.
Crane Q4 adj EPS $1.26 (+58%), sales $544M (+12%); dividend raised 12%
Q4 GAAP EPS $1.20 (+58%), adjusted EPS $1.26 (+58%); operating profit $86M (+38%).
Crane promotes Alejandro Alcala to COO effective Dec. 9, 2024
Alcala promoted from EVP to COO, overseeing all business segments and Crane Business System.
Crane sells Engineered Materials to KPS for $227M; updates EPS guidance
Divestiture of Engineered Materials segment to KPS Capital Partners for $227 million.
Crane Q3 adjusted EPS $1.38 (+34% YoY); hikes FY guidance to $5.05-$5.20
GAAP EPS $1.33 (+39% YoY); adjusted EPS $1.38 (+34% YoY).
Crane Q2 EPS $1.23 beats prior year; raises FY adjusted EPS guidance to $4.95-$5.15
GAAP EPS of $1.23 (up 64% YoY); adjusted EPS of $1.30 (up 18% YoY).
Crane Q1 EPS $1.12 (adj. $1.22); raises FY adj. EPS to $4.75-$5.05; acquires CryoWorks for ~$61M
Q1 GAAP EPS $1.12, adjusted EPS $1.22; sales $565M (+10% YoY) with 5% core sales growth.
Crane Q4 EPS $0.86/$0.90 adj; guides FY24 adj EPS $4.55-$4.85; raises dividend 14%
Q4 GAAP EPS $0.86, adjusted EPS $0.90; sales $533M +10% YoY (+5% core).
Crane acquires Vian Enterprises for $103M to bolster aerospace fluid solutions
Purchase price of approximately $103 million on a cash-free, debt-free basis.
Crane Q3 EPS $0.96, adj $1.03; raises guidance to $4.05-$4.20; acquires Baum for $91M
GAAP EPS $0.96; adjusted EPS $1.03; core sales up 9% YoY to $530M.
Crane Q2 adj EPS $1.10, core sales up 5%; raises FY guidance to $3.80-$4.10
GAAP EPS $0.75; adjusted EPS $1.10; adjusted operating profit up 30% YoY.
Crane Q1 adj. EPS $1.25 beats; core sales +8%; raises FY adj. EPS guidance
Q1 pro forma EPS $1.08; adjusted EPS $1.25; GAAP operating margin 16.8% vs 13.0% YoY.
Crane Company becomes independent public company; common stock (CR) starts trading on NYSE April 4, 2023.
Crane Co. signs $800M credit facilities to finance spin-off
Credit Agreement includes $300M term loan maturing in 2026 and $500M revolver maturing in 2028.
Record date March 23; distribution date April 3; shareholders receive one Crane Co. share per CR share held.
Crane Company spin-off gains SEC effectiveness; distribution set for April 3, 2023
SEC declares effective Amendment No. 1 to Form 10 for Crane Company spin-off.
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.
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.
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
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
each of Richard A. Maue and Anthony M. D’Iorio resigned from his position as a director on the Company Board.
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
each of Richard A. Maue and Anthony M. D’Iorio resigned from his position as a director on the Company Board.
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
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
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
James L. L. Tullis was appointed to serve as the chairman of the Company Board
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 materiality 0.85 · Median 0.75 · Most common event earnings