Crane CoCR
Crane Co Segments Disclosure
Segment Information
In accordance with ASC Topic 280, “Segment Reporting,” for purposes of segment performance measurement, we do not allocate to the business segments items that are of a non-operating nature, including charges which occur from time to time related to our legacy environmental liabilities, as such liabilities are not related to current business activities; or corporate organizational and functional expenses of a governance nature. Corporate expenses consist of corporate office expenses including compensation, benefits, occupancy, depreciation, and other administrative costs. Assets of the business segments exclude general corporate assets, which principally consist of cash and cash equivalents, deferred tax assets, certain property, plant and equipment, and certain other assets.
The accounting policies of the segments are the same as those described in the summary of significant accounting policies. We account for intersegment sales and transfers as if the sales or transfers were to third parties at current market prices.
The Company’s segments maintain separate financial information. The Chief Operating Decision Maker (“CODM”), who is the Company’s Chief Executive Officer, uses forecast-to-actual variances and year-over-year variances on a monthly basis when assessing segment performance and forecasts in deciding how to allocate resources among the segments. The CODM evaluates the performance of the Company’s segments based on operating profit. We currently have two reporting segments: Aerospace & Advanced Technologies and Process Flow Technologies.
A brief description of each of our current segments is as follows:
Aerospace & Advanced Technologies
The Aerospace & Advanced Technologies segment supplies critical components and systems, including original equipment and aftermarket parts, primarily for the commercial aerospace, and the military aerospace, defense and space markets. Its brands have decades of proven experience, and in many cases invented the critical technologies in their respective markets. The business designs and delivers proven systems, reliable components, and flexible power solutions that excel in tough and mission-critical environments. Products and services are organized into six integrated solutions: Sensing Components & Systems, Electrical Power Solutions, Fluid Management Solutions, Landing & Control Systems, and Microwave Solutions.
Process Flow Technologies
The Process Flow Technologies segment is a provider of highly engineered fluid handling equipment for mission critical applications that require high reliability. The segment is comprised of Process Valves and Related Products, Commercial Valves, and Pumps and Systems. Process Valves and Related Products include on/off valves and related products for critical and demanding applications in the chemical, oil & gas, power, and general industrial end markets globally. Commercial Valves includes the manufacturing and distribution of valves and related products for the non-residential construction, general industrial, and to a lesser extent, municipal markets. Pumps and Systems include pumps and related products primarily for water and wastewater applications in the industrial, municipal, commercial and military markets.
Financial information by reportable segment is set forth below:
| (in millions) December 31, | 2025 | 2024 | 2023 | |||||||||||||||||
| Net Sales: | ||||||||||||||||||||
| Aerospace & Advanced Technologies | $ | 1,048.9 | $ | 932.7 | $ | 789.3 | ||||||||||||||
| Process Flow Technologies | 1,256.1 | 1,198.5 | 1,072.8 | |||||||||||||||||
| TOTAL NET SALES | $ | 2,305.0 | $ | 2,131.2 | $ | 1,862.1 | ||||||||||||||
| Cost of Sales: | ||||||||||||||||||||
| Aerospace & Advanced Technologies | $ | 631.8 | $ | 574.4 | $ | 495.2 | ||||||||||||||
| Process Flow Technologies | 700.4 | 689.0 | 615.9 | |||||||||||||||||
| TOTAL COST OF SALES | $ | 1,332.2 | $ | 1,263.4 | $ | 1,111.1 | ||||||||||||||
| Engineering, selling and administrative: | ||||||||||||||||||||
| Aerospace & Advanced Technologies | $ | 154.6 | $ | 149.3 | $ | 135.1 | ||||||||||||||
| Process Flow Technologies | 292.2 | 269.2 | 248.4 | |||||||||||||||||
| Corporate | 101.8 | 93.5 | 117.1 | |||||||||||||||||
| TOTAL ENGINEERING, SELLING AND ADMINISTRATIVE | $ | 548.6 | $ | 512.0 | $ | 500.6 | ||||||||||||||
| Operating profit: | ||||||||||||||||||||
| Aerospace & Advanced Technologies | $ | 262.5 | $ | 209.0 | $ | 159.0 | ||||||||||||||
| Process Flow Technologies | 263.5 | 240.3 | 208.5 | |||||||||||||||||
| Corporate | (101.8) | (93.5) | (117.1) | |||||||||||||||||
| TOTAL OPERATING PROFIT | $ | 424.2 | $ | 355.8 | $ | 250.4 | ||||||||||||||
| Capital expenditures: | ||||||||||||||||||||
| Aerospace & Advanced Technologies | $ | 20.9 | $ | 10.6 | $ | 9.7 | ||||||||||||||
| Process Flow Technologies | 32.6 | 26.0 | 29.1 | |||||||||||||||||
| Corporate | — | — | 0.2 | |||||||||||||||||
| TOTAL CAPITAL EXPENDITURES | $ | 53.5 | $ | 36.6 | $ | 39.0 | ||||||||||||||
| Depreciation and amortization: | ||||||||||||||||||||
| Aerospace & Advanced Technologies | $ | 17.8 | $ | 22.3 | $ | 13.9 | ||||||||||||||
| Process Flow Technologies | 32.3 | 28.6 | 21.4 | |||||||||||||||||
| Corporate | 0.1 | 0.1 | 0.1 | |||||||||||||||||
| TOTAL DEPRECIATION AND AMORTIZATION | $ | 50.2 | $ | 51.0 | $ | 35.4 | ||||||||||||||
Net sales by geographic region:
| (in millions) December 31, | 2025 | 2024 | 2023 | |||||||||||||||||
Net sales (a) | ||||||||||||||||||||
| United States | $ | 1,368.8 | $ | 1,210.0 | $ | 1,052.4 | ||||||||||||||
| Canada | 76.2 | 72.8 | 65.3 | |||||||||||||||||
| United Kingdom | 149.1 | 137.7 | 120.3 | |||||||||||||||||
| Continental Europe | 390.1 | 390.9 | 325.6 | |||||||||||||||||
| Other international | 320.8 | 319.8 | 298.5 | |||||||||||||||||
| TOTAL NET SALES | $ | 2,305.0 | $ | 2,131.2 | $ | 1,862.1 | ||||||||||||||
(a) Net sales by geographic region are based on the destination of the sale. | ||
Balance sheet items by reportable segment is set forth below:
| (in millions) December 31, | 2025 | 2024 | ||||||||||||
| Goodwill: | ||||||||||||||
| Aerospace & Advanced Technologies | $ | 248.6 | $ | 248.5 | ||||||||||
| Process Flow Technologies | 435.3 | 413.1 | ||||||||||||
| TOTAL GOODWILL | $ | 683.9 | $ | 661.6 | ||||||||||
| Assets: | ||||||||||||||
| Aerospace & Advanced Technologies | $ | 936.3 | $ | 896.2 | ||||||||||
| Process Flow Technologies | 1,326.0 | 1,265.0 | ||||||||||||
Corporate(a) | 1,591.1 | 262.8 | ||||||||||||
| Assets held for sale | — | 217.9 | ||||||||||||
| TOTAL ASSETS | $ | 3,853.4 | $ | 2,641.9 | ||||||||||
(a) For the year ended December 31, 2025, Corporate Assets include $1,223.3 million restricted cash. | ||
Long-lived assets by geographic region:
| (in millions) December 31, | 2025 | 2024 | ||||||||||||
Long-lived assets (a) | ||||||||||||||
| United States | $ | 188.1 | $ | 180.2 | ||||||||||
| Europe | 102.4 | 90.9 | ||||||||||||
| Other international | 46.1 | 49.6 | ||||||||||||
| Corporate | 7.0 | 9.7 | ||||||||||||
| TOTAL LONG-LIVED ASSETS | $ | 343.6 | $ | 330.4 | ||||||||||
(a) Long-lived assets, net by geographic region are based on the location of the business unit. | ||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2023 | Feb 26, 2024 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.