Every material Form 8-K Crane filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Crane Company promoted Alejandro (Alex) Alcala to Chief Operating Officer, effective immediately on December 9, 2024. In the new role he will oversee all Crane business segments and the Crane Business System organization, and his annual base salary rose by $55,000 to $700,000.
Promotion to Chief Operating Officer effective immediately, announced December 9, 2024
Annual base salary increased by $55,000 to $700,000; he remains eligible for executive benefit plans and annual awards
Alcala joined Crane in 2013 and was promoted to Executive Vice President in February 2023 with segment leadership for all businesses
Crane Company reported third quarter 2024 results on October 28, 2024, with GAAP earnings per diluted share of $1.33, up from $0.96, and sales of $597 million, up 13%. The company raised and narrowed its full-year 2024 adjusted EPS outlook to $5.05-$5.20 from $4.95-$5.15, but said it now expects free cash flow at the lower end of its $255-$275 million range.
Q3 GAAP EPS of $1.33 vs. $0.96 a year earlier; adjusted EPS of $1.38 vs. $1.03.
Q3 sales of $597 million, up 13%, including 6% core sales growth.
Full-year adjusted EPS outlook raised to $5.05-$5.20 from $4.95-$5.15.
Full-year free cash flow now expected at the lower end of $255-$275 million, citing working capital and hurricane-related insurance timing; Hurricane Helene affected a Marion, North Carolina facility.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Crane filing is on SEC EDGAR ↗. 8-K briefs of other companies →