Crane Co 2024年度报告

FORM10-K ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For thefiscal year ended:December 31, 2024 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transion period from ________ to _________ . Commissionfile number1-41570CRANE COMPANY (Exact name of Registrant as specified in its charter) Registrant’s telephone number, including area code: (203)363-7300Securies registered pursuant to Secon12(b) of the Act: Name of each exchange on which registered Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securies Act Yes☐ Indicate by check mark if the registrant is not required tofile reports pursuant to Secon13 or Secon15 (d)of the ActYes☐No☒ Indicate by check mark whether the registrant (1)hasfiled all reports required to befiled by Secon13 or 15(d) of the Securies Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required tofile such reports), and (2)has been subject to suchfiling requirements for the past90 days. Yes☒No☐ Indicate by check mark whether the registrant has submied electronically every Interacve Data File required to be submied pursuant to Rule405 of RegulaonS-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles). Yes☒No☐ Indicate by check mark whether the registrant is a large acceleratedfiler, an acceleratedfiler, a non-acceleratedfiler, a smaller reporng company, or an emerginggrowth company. See the definions of “large acceleratedfiler”, “acceleratedfiler”, “non-acceleratedfiler,”, “smaller reporng company” and "emerging growthcompany" in Rule 12b-2 of the Exchange Act).: AcceleratedfilerSmallerreporngcompanyEmerging growth companyIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transion period for complying with any new or revisedfinancial accounng standards provided pursuant to Secon 13(a) of the Exchange Act.☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transion period for complying with any new or revisedfinancial accounng standards provided pursuant to Secon 13(a) of the Exchange Act.☐ Indicate by check mark whether the Registrant hasfiled a report on and aestaon to its management’s assessment of the effecveness of its internal control overfinancial reporng under Secon 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounngfirm that prepared or issued its audit report.☒ If securies are registered pursuant to Secon 12(b) of the Act, indicate by check mark whether thefinancial statements of the registrant included in thefiling reflectthe correcon of an error to previously issuedfinancial statements.☐ Indicate by check mark whether any of those error correcons are restatements that required a recovery analysis of incenve-based compensaon received by any ofthe registrant’s execuve officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Based on the closing stock price of $144.98 on June28, 2024, the last business day of the registrant’s most recently completed secondfiscal quarter, the aggregatemarket value of the vong common equity held by nonaffiliates of the registrant was $7,030,617,496. The number of shares outstanding of the registrant’s common stock, par value $1.00, was57,398,023at January 31, 2025. DOCUMENTS INCORPORATED BY REFERENCEPorons of the registrant's Proxy Statement for the2024Annual Meeng of Stockholders are incorporated herein by reference in PartIII of this Annual Report on Form 10-K to the extent stated herein. Such proxy statement will befiled with the Securies and Exchange Commission within 120 days of the registrant'sfiscal year Table of Contents Part I Item1.BusinessItem1A.Risk FactorsItem1B.Unresolved StaffCommentsItem1C.CybersecurityItem2.ProperesItem3.Legal ProceedingsItem4.Mine Safety Disclosures Page6Page11Page17Page17Page18Page19Page19 Part IIItem5.Market for Registrant’s Common Equity, Related Stockholder Maers and IssuerPurchases of Equity SecuriesItem 6.[RESERVED]Item7.Management’s Discussion and Analysis of Financial Condion and Results ofOperaonsItem7A.Quantave and Qualitave Disclosures About Market RiskItem8.Financial Statements and Supplementary DataItem9.Changes in and Disagreement with Accountants on Accounng and FinancialDisclosureItem9A.Controls and ProceduresItem9B.Other InformaonItem 9C.Disclosure Regarding Foreign Jurisdicons That Prevent Inspecons Page20 Page20Page21 Page36Page37Page89 Page89Page91Page91 Part IIIItem10.Directors, Execuve Officers and Corporate GovernanceItem11.Execuve CompensaonItem12.Security Ownership of Certain Beneficial Owners and Management and RelatedStockholder MaersItem13.Certain Relaonships