Spin-off - Crane NXT, Co.

Form Type: 10-K

Filing Date: 2025-02-20

Corporate Action: Spin-off

Type: Update

Accession Number: 000162828025006754

Filing Summary: Crane NXT, Co., in its 10-K filing, provides a detailed financial overview for the fiscal year ending December 31, 2024. The report highlights the operational segments of the company, summarizing results across various reporting units including Crane Payment Innovations, Engineered Materials, and the broader impact of the spin-off transaction. The financial statements reflect comprehensive income and changes in stockholder's equity, noting significant equity transactions and the implications of the recently implemented transaction services agreement with the spin-off entity. Key figures demonstrate a solid revenue generation with a breakdown by geography and a focus on North America and Western Europe. Additionally, the report outlines long-term debt obligations and notes a detailed assessment of defined benefit plans. The management discussion provides insights into strategic initiatives and anticipated market conditions following the spin-off.

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