SEC Comment Letter 0000000000-24-006385 to Crane Co (CR) (CIK 0001944013) (CR)
Crane Co (CR) (CIK 0001944013)
Date: June 4, 2024 · CIK: 0001944013 · Accession: 0000000000-24-006385
AI Filing Summary & Sentiment
File numbers found in text: 001-41570
Letter
United States securities and exchange commission logo June 4, 2024 Richard Maue Chief Financial Officer Crane Company 100 First Stamford Place Stamford CT 06902 Re:Crane Company Form 10-K for the Year Ended December 31, 2023 Response dated May 31, 2024 File No. 001-41570 Dear Richard Maue: We have reviewed your May 31, 2024 response to our comment letter and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our May 28, 2024 letter. Form 10-K for the Year Ended December 31, 2023 Management's Discussion and Analysis of Financial Condition and Results of Operations Results from Operations - For the Years ended December 31, 2023, 2022 and 2021, page 23 1.We note your response to our prior comment 1 that you will revise to define core sales as "change in sales excluding the impact of foreign currency translation, acquisitions, and divestitures." However, we believe that core sales and core sales growth should be identified as non-GAAP financial measures and the disclosures required by Item 10(e) of Regulation S-K, such as the reconciliation to the most comparable GAAP measure, should be provided when the measures are disclosed in your filings. Please revise future filings accordingly. Please contact Charles Eastman at 202-551-3794 or Claire Erlanger at 202-551-3301 if you have questions regarding comments on the financial statements and related matters.
FirstName LastNameRichard Maue Comapany NameCrane Company June 4, 2024 Page 2 FirstName LastName Richard Maue Crane Company June 4, 2024 Page 2 Sincerely, Division of Corporation Finance Office of Manufacturing
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United States securities and exchange commission logo
June 4, 2024
Richard Maue
Chief Financial Officer
Crane Company
100 First Stamford Place
Stamford CT 06902
Re:Crane Company
Form 10-K for the Year Ended December 31, 2023
Response dated May 31, 2024
File No. 001-41570
Dear Richard Maue:
We have reviewed your May 31, 2024 response to our comment letter and have the
following comment.
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments. Unless
we note otherwise, any references to prior comments are to comments in our May 28,
2024 letter.
Form 10-K for the Year Ended December 31, 2023
Management's Discussion and Analysis of Financial Condition and Results of Operations
Results from Operations - For the Years ended December 31, 2023, 2022 and 2021, page 23
1.We note your response to our prior comment 1 that you will revise to define core sales as
"change in sales excluding the impact of foreign currency translation, acquisitions, and
divestitures." However, we believe that core sales and core sales growth should be
identified as non-GAAP financial measures and the disclosures required by Item 10(e) of
Regulation S-K, such as the reconciliation to the most comparable GAAP measure, should
be provided when the measures are disclosed in your filings. Please revise future filings
accordingly.
Please contact Charles Eastman at 202-551-3794 or Claire Erlanger at 202-551-3301 if
you have questions regarding comments on the financial statements and related matters.
FirstName LastNameRichard Maue
Comapany NameCrane Company
June 4, 2024 Page 2
FirstName LastName
Richard Maue
Crane Company
June 4, 2024
Page 2
Sincerely,
Division of Corporation Finance
Office of Manufacturing