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.
Richard Maue
Crane Company
June 4, 2024
Page 2
FirstName LastNameRichard Maue Sincerely,
Comapany NameCrane Company
Division of Corporation Finance
June 4, 2024 Page 2 Office of Manufacturing
FirstName LastName