What the changes say
- International sales grew from 48% to 50% of consolidated amounts in 2025.
- Supply chain disclosures now emphasize single-source supplier dependencies and manufacturing capacity constraints.
What changed since the prior 10-K
Reworded
- 93% rewrittenRisks Relating to Our Business
Fluctuation in the prices of, or our ability to source, our components and raw materials, and delays in the distribution of our products could adversely affect our results of operations
Added risks regarding single-source supplier dependencies for critical materials and updated restructuring periods from 2024 and 2023 to 2025 and 2024.
- 51% rewrittenRisks Relating to Our Business
We may be unable to improve productivity, reduce costs and align manufacturing capacity with customer demand
Shifted focus from managing global demand declines to capacity constraints where demand exceeds available manufacturing capacity.
- 48% rewrittenRisks Relating to Our Business
Our business could be harmed if we are unable to protect our intellectual property
Clarified that trade secret, patent, trademark, and copyright protection laws may offer protection for only a limited duration.
- 36% rewrittenRisks Relating to Our Business
We compete with other industrial technology businesses for employees in the countries in which we operate, and we may not be able to retain our personnel or hire and retain additional personnel needed for us to sustain and grow our business as planned
Specified that business segments depend on highly qualified personnel including necessary technical expertise.
Was: We compete with other industrial technology businesses for highly qualified employees in the countries in which we operate, and we may not be able to retain our personnel or hire and retain additional personnel needed for us to sustain and grow our business as planned
- 29% rewrittenRisks Relating to Our Business
We conduct a substantial portion of our business outside the U.S. and face risks inherent in non-domestic operations
Reported that non-U.S. net sales by destination increased from 48% in 2024 to 50% in 2025.
- 27% rewrittenRisks Relating to Our Business
We may be unable to successfully develop and introduce new products, which would limit our ability to grow and maintain our competitive position and adversely affect our financial condition, results of operations and cash flow
Modified conditional phrasing regarding new product performance measures and counterfeits from hypothetical to direct.
- 24% rewrittenRisks Relating to Our Business
Our businesses are subject to governmental regulation; failure to comply with those regulations, as well as changes in those regulations, could adversely affect our financial condition, results of operations, cash flows and reputation
Adjusted sentence phrasing regarding export licenses without changing core compliance requirements.
- 22% rewrittenRisks Relating to Our Business
We may be unable to identify or to complete acquisitions, or to successfully integrate the businesses we acquire
Maintained acquisition program risk disclosures without material textual changes.
All 15 risk factors
Headings as the filing states them, in filing order.
Risks Relating to Our Business
- 01Macroeconomic fluctuations may harm our business, results of operations and stock price
- 02Demand for our products is variable and subject to factors beyond our control, any of which could adversely affect our financial condition, results of operations or cash flow
- 03We conduct a substantial portion of our business outside the U.S. and face risks inherent in non-domestic operations29% rewritten
- 04We may be unable to identify or to complete acquisitions, or to successfully integrate the businesses we acquire22% rewritten
- 05Fluctuation in the prices of, or our ability to source, our components and raw materials, and delays in the distribution of our products could adversely affect our results of operations93% rewritten
- 06We compete with other industrial technology businesses for employees in the countries in which we operate, and we may not be able to retain our personnel or hire and retain additional personnel needed for us to sustain and grow our business as planned36% rewritten
- 07We may be unable to successfully develop and introduce new products, which would limit our ability to grow and maintain our competitive position and adversely affect our financial condition, results of operations and cash flow27% rewritten
- 08Our businesses are subject to governmental regulation; failure to comply with those regulations, as well as changes in those regulations, could adversely affect our financial condition, results of operations, cash flows and reputation24% rewritten
- 09Our business could be harmed if we are unable to protect our intellectual property48% rewritten
- 10We may be unable to improve productivity, reduce costs and align manufacturing capacity with customer demand51% rewritten
- 11We face significant competition which may adversely impact our financial condition, results of operations, and cash flows in the future
- 12Additional tax expense or exposures could adversely affect our financial condition, results of operations and cash flows
- 13Our future results of operations and financial condition could be adversely impacted by intangible asset impairment charges
- 14If our internal controls are found to be ineffective, our financial results or our stock price may be adversely affected
- 15We are subject to risks related to the Separation that could negatively impact our results including not obtaining the intended tax treatment of the Separation transaction, failure of Crane Company to perform under the various transaction agreements and actual or potential conflicts of interest with Crane Company
Other Crane NXT 10-Ks
- FY2024 10-K risk factors15 risks
Demand volatility stems from global trends away from cash and increased banknote durability. Non-U.S. sales accounted for 48% of consolidated amounts in 2024. Goodwill and intangible assets totaled $1,375.9 million, representing 58% of total assets. Separation-related risks involve IRS rulings and agreements with Crane Company.
Filed Feb 20, 2025
About this page
The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.