United States securities and exchange commission logo
May 28, 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
File No. 001-41570
Dear Richard Maue:
We have limited our review of your filing to the financial
statements and related
disclosures and have the following comments.
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.
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 that throughout
the results of operations section in MD&A you discuss the
changes in sales by
referring to the term "core sales." Please revise future filings to define
"core sales" prior to
its use in your discussion.
Consolidated Statements of Cash Flows, page 46
2. We note that in your
statement of cash flows, the reconciliation of net income to net cash
flows from operations
begins with the amount of net income from continuing operations
attributable to common
shareholders, which is a different from net income. Please note
that ASC 230-10-45-28
and 45-29 require that whether or not cash flows from
discontinued operations
are presented separately in the statement of cash flows, the
reconciliation of net
income to net cash flows from operations should begin with net
income. Please revise
future filings accordingly.
Richard Maue
Crane Company
May 28, 2024
Page 2
In closing, we remind you that the company and its management are
responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review,
comments, action or
absence of action by the staff.
Please contact Charles Eastman at 202-551-3794 or Claire Erlanger at
202-551-3301 with
any questions.
FirstName LastNameRichard Maue Sincerely,
Comapany NameCrane Company
Division of
Corporation Finance
May 28, 2024 Page 2 Office of
Manufacturing
FirstName LastName