Crane Co
For the period ended Mar 31, 2025. Filed May 1, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 1, 2025
CR$209.37-0.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| (in millions) | 2025 | 2024 |
| Operating activities: | ||
| Net income attributable to common shareholders | $107.1 | $64.8 |
| Less: Income from discontinued operations, net of tax | 28.8 | 6.0 |
| Net income from continuing operations attributable to common shareholders | 78.3 | 58.8 |
| Depreciation and amortization | 12.5 | 11.9 |
| Stock-based compensation expense | 9.3 | 6.5 |
| Defined benefit plans and postretirement cost | 2.0 | 0.8 |
| Deferred income taxes | — | (3.1) |
| Cash used for operating working capital | (146.4) | (143.0) |
| Defined benefit plans and postretirement contributions | (0.6) | (0.6) |
| Environmental payments, net of reimbursements | (1.1) | (1.4) |
| Other | (0.2) | (0.8) |
| Total used for operating activities from continuing operations | (46.2) | (70.9) |
| Investing activities: | ||
| Payment for acquisitions - net of cash acquired and working capital adjustments | (0.2) | (105.6) |
| Capital expenditures | (14.2) | (8.0) |
| Other investing activities | — | 0.2 |
| Total used for investing activities from continuing operations | (14.4) | (113.4) |
| Financing activities: | ||
| Dividends paid | (13.2) | (11.7) |
| Net payments related to employee stock plans | (10.4) | (8.5) |
| Proceeds from debt | — | 140.0 |
| Repayments of debt | — | (31.9) |
| Total (used for) provided by financing activities from continuing and discontinued operations | (23.6) | 87.9 |
| Discontinued Operations: | ||
| Total provided by operating activities | — | (9.0) |
| Total provided by (used for) investing activities(a) | 207.7 | (1.1) |
| Increase (decrease) in cash and cash equivalents from discontinued operations | 207.7 | (10.1) |
| Effect of exchange rates on cash and cash equivalents | 4.9 | (3.7) |
| Increase (decrease) in cash and cash equivalents | 128.4 | (110.2) |
| Cash and cash equivalents at beginning of period | 306.7 | 329.6 |
| Cash and cash equivalents of continuing operations at end of period | $435.1 | $219.4 |
| (a) For the three months ended March 31, 2025, the cash provided by investing activities from discontinued operations was from the sale of the Engineered Materials segment. See Note 3, “Discontinued Operations” for additional information. | ||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| (in millions) | 2025 | 2024 |
| Detail of cash used for operating working capital from continuing operations: | ||
| Accounts receivable | $(42.1) | $(36.6) |
| Inventories | (8.4) | (19.4) |
| Other current assets | (7.9) | (11.8) |
| Accounts payable | (40.7) | (20.5) |
| Accrued liabilities | (60.2) | (51.9) |
| U.S. and foreign taxes on income | 12.9 | (2.8) |
| Total | $(146.4) | $(143.0) |
| Supplemental disclosure of cash flow information: | ||
| Interest paid | $3.8 | $5.8 |
| Income taxes paid | $7.6 | $20.0 |
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