Crane Co
For the period ended Sep 30, 2026. Filed Oct 29, 2026.
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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.
Sep 30, 2026 · Filed Oct 29, 2026
CR$209.37-0.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended | ||
|---|---|---|
| September 30, | ||
| (in millions) | 2026 | 2025 |
| Operating activities: | ||
| Net income attributable to common shareholders | $260.3 | $284.9 |
| Less: Income from discontinued operations, net of tax | — | 34.9 |
| Net income from continuing operations attributable to common shareholders | 260.3 | 250.0 |
| Depreciation and amortization | 82.3 | 37.8 |
| Stock-based compensation expense | 16.4 | 25.4 |
| Defined benefit plans and postretirement cost | 3.8 | 6.1 |
| Deferred income taxes | (2.0) | — |
| Cash used for operating working capital | (147.1) | (108.7) |
| Defined benefit plans and postretirement contributions | (1.7) | (16.7) |
| Environmental payments, net of reimbursements | (1.6) | (2.0) |
| Other | 10.8 | (2.9) |
| Total provided by operating activities from continuing operations | 221.2 | 189.0 |
| Investing activities: | ||
| Payment for acquisitions - net of cash acquired and working capital adjustments | (1,323.6) | (0.2) |
| Capital expenditures | (37.4) | (43.7) |
| Other investing activities | 0.1 | 0.5 |
| Total used for investing activities from continuing operations | (1,360.9) | (43.4) |
| Financing activities: | ||
| Dividends paid | (44.1) | (39.7) |
| Net payments related to employee stock plans | (6.5) | (5.9) |
| Debt refinancing costs | — | (3.8) |
| Proceeds from debt | 50.0 | — |
| Repayments of debt | (270.0) | (247.5) |
| Total used for financing activities from continuing and discontinued operations | (270.6) | (296.9) |
| Discontinued Operations: | ||
| Total provided by investing activities(a) | — | 213.6 |
| Increase in cash and cash equivalents from discontinued operations | — | 213.6 |
| Effect of exchange rate on cash and cash equivalents | (3.8) | 19.2 |
| (Decrease) increase in cash and cash equivalents | (1,414.1) | 81.5 |
| Cash, cash equivalents and restricted cash at beginning of period(b) | 1,729.8 | 306.7 |
| Cash and cash equivalent at end of period | $315.7 | $388.2 |
| (a) For the nine months ended September 30, 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. | ||
| (b) Cash, cash equivalents and restricted cash at beginning of period included $1.2 billion in funds held in an escrow account related to the acquisition of Druck, Panametrics, and Reuter-Stokes brands. | ||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months Ended | ||
|---|---|---|
| September 30, | ||
| (in millions) | 2026 | 2025 |
| Detail of cash used for operating working capital from continuing operations: | ||
| Accounts receivable | $(68.1) | $(40.7) |
| Inventories | (27.6) | (7.0) |
| Other current assets | (32.8) | 47.8 |
| Accounts payable | (38.9) | (36.0) |
| Accrued liabilities | 21.9 | (77.0) |
| U.S. and foreign taxes on income | (1.6) | 4.2 |
| Total | $(147.1) | $(108.7) |
| Supplemental disclosure of cash flow information: | ||
| Interest paid | $44.4 | $7.8 |
| Income taxes paid | $82.6 | $71.4 |
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