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Crane Co. Reports Second Quarter Earnings

Monday, August 01, 2011  
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Second quarter 2011 sales in Crane’s Fluid Handling segment increased $34.4 million, or 13.5%, which included a core sales increase of $16.2 million (6.4%), and favorable foreign currency translation of $18.2 million (7.1%). Sales increased in each major business unit. Operating margins improved from 12.6% to 12.8%. Quote activity continues to increase and order trends continue to strengthen across the Fluid Handling businesses. Backlog increased to $323 million at June 30, 2011, compared to $272 million at December 31, 2010 and $258 million at June 30, 2010. More…

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