Crane Co

Listed Company

CRCIK 0001944013NYSELarge AcceleratedMiscellaneous Fabricated Metal ProductsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$2.31B

Net Income

$366.60M

Total Assets

$3.85B

Equity

$2.06B

Shares Out

57.75M

Op. Cash Flow

$394.80M

Business

Crane Company is a leading manufacturer of highly engineered components and systems for mission-critical aerospace, defense, space and process industry applications. It offers pressure and sensing systems, power conversion solutions, lubrication and landing/brake systems, pumps, a wide range of valves and lined piping, vacuum insulated cryogenic pipe systems, RF/microwave components and aftermarket parts and services. The company reports through two segments: Aerospace & Electronics (A&E) and Process Flow Technologies (PFT). Products are sold to OEMs, aftermarket customers and government entities across North America, Europe, Asia, the Middle East and Australia via direct sales, distributors and service centers.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cost of sales	1,332	1,263	1,111	1,116	1,374
Operating profit	424	356	250	5	222
Interest income	11	6	5	3	1
Interest expense	−11	−27	−23	−10	—
Miscellaneous income, net	9	4	300,000	6	16
Total other income (expense), net	9	−17	−17	231	12
Income from continuing operations before income taxes	433	339	233	237	234
Effective Tax Rate	101	70	57	70	36
Net income from continuing operations attributable to common shareholders	332	268	176	166	197
Income from discontinued operations, net of tax (Note 3)	35	27	80	235	238
Net income from continuing operations attributable to common shareholders	367	295	256	401	—
Earnings per basic share from continuing operations (in dollars per share)	5.77	4.69	3.1	2.95	3.38
Earnings per basic share from discontinued operations (in dollars per share)	0.61	0.46	1.41	4.16	4.08
Basic earnings per share (in dollars per share)	6.38	5.15	4.51	7.11	7.46
Earnings per diluted share from continuing operations (in dollars per share)	5.66	4.6	3.06	2.91	3.34
Earnings per diluted share from discontinued operations (in dollars per share)	0.6	0.45	1.39	4.1	4.02
Diluted earnings per share (in dollars per share)	6.26	5.05	4.45	7.01	7.36
Weighted average basic shares outstanding (in shares)	58	57	57	56	58
Weighted average diluted shares outstanding (in shares)	59	58	58	57	59
Net sales	2,305	2,131	1,862	1,777	—
Engineering, Selling, General And Administrative Expense	549	512	501	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	507	307	330	427	—
Restricted cash	1,223	0	0	—	—
Accounts receivable, net	359	339	298	270	—
Inventories, net	377	380	344	294	—
Other current assets	106	159	100	135	—
Current assets held for sale	0	218	19	626	—
Total current assets	2,571	1,403	1,091	1,752	—
Property, plant and equipment, net	279	261	245	248	—
Long-term deferred tax assets	4	11	21	3	—
Intangible assets, net	150	160	87	71	77
Goodwill	684	662	576	520	723
Other assets	166	145	133	121	—
Total assets	3,853	2,642	2,351	4,392	—
Accounts payable	190	188	157	179	—
Accrued liabilities	269	303	261	261	—
U.S. and foreign taxes on income	6	8	14	34	—
Current liabilities held for sale	0	44	35	615	—
Total current liabilities	465	543	467	1,488	—
Long-term debt	1,148	247	249	0	—
Accrued pension, postretirement benefits and post-employment benefits	43	70	115	132	—
Long-term deferred tax liability	46	35	36	55	—
Other liabilities	88	106	105	85	—
Commitments and contingencies (Note 13)	—	—	—	—	—
Common shares, par value $1.00; 66,475,307 shares authorized; 57,607,816 and 57,290,198 shares issued and outstanding in 2025 and 2024, respectively	58	57	57	72	—
Capital surplus	452	426	398	374	—
Retained earnings	1,532	1,218	961	2,823	—
Accumulated other comprehensive income (loss)	20	−62	−58	−503	—
Total shareholders equity	2,061	1,639	1,358	1,901	—
Noncontrolling interest	2	2	3	3	—
Total equity	2,063	1,641	1,360	1,904	1,835
Total liabilities and equity	3,853	2,642	2,351	4,392	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	50	51	35	34	38
Stock-based compensation expense	27	26	26	21	22
Defined benefit plans and postretirement cost	8	3	9	−600,000	−7
Deferred income tax benefit	−2	−12	−19	−18	−5
Cash provided by (used for) operating working capital	9	−52	−51	−28	30
Defined benefit plans and postretirement contributions	−17	−17	−18	−19	−27
Environmental payments, net of reimbursements	−3	−4	−4	−6	−6
Other	−10	−6	8	15	5
Total provided by operating activities from continuing operations	395	258	162	−499	185
Payments for acquisitions - net of cash acquired and working capital adjustments	−200,000	−201	−91	0	0
Capital expenditures	−54	−37	−39	−33	−35
Proceeds from insurance recoveries for damaged property, plant and equipment	5	1	0	—	—
Other investing activities	500,000	6	700,000	4	24
Total used for investing activities from continuing operations	−48	−230	−129	288	18
Dividends paid	−53	−47	−57	−106	−101
Net (payments) proceeds related to employee stock plans	−5	−900,000	22	16	14
Debt refinancing costs	−6	0	−9	0	0
Proceeds from debt	1,150	190	300	0	0
Proceeds from term facility of discontinued operations	0	0	350	399	0
Repayments of debt	−248	−192	−451	0	−348
Distribution of Crane NXT, Co.	0	0	−578	0	0
Total provided by (used for) financing activities from continuing and discontinued operations	839	−50	−423	106	−558
Total provided by operating activities	0	15	66	347	313
Total used for investing activities	214	−3	−8	−24	−19
Increase in cash, cash equivalents and restricted cash from discontinued operations	214	12	58	323	295
Effect of exchange rate on cash, cash equivalents and restricted cash	24	−11	4	−39	−13
Increase (decrease) in cash, cash equivalents and restricted cash	1,423	−21	−328	179	−72
Accounts receivable	−13	−32	−24	−48	−37
Inventories	11	−21	−42	−41	−27
Other current assets	47	−54	39	−9	−8
Accounts payable	3	24	−2	47	32
Accrued liabilities	−45	39	6	−7	58
U.S. and foreign taxes on income	6	−7	−28	31	12
Interest paid	8	24	20	7	3
Income taxes paid	97	89	111	61	34

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro