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Crane Co. Reports Third Quarter Earnings Increased 27%

Tuesday, November 01, 2011  
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Third quarter 2011 sales in Crane’s Fluid Handling segment increased $47.7 million, or 19%, which included a core sales increase of $28.2 million (11%), favorable foreign currency translation of $14.4 million (6%), and sales of $5.1 million (2%) from the W. T. Armatur acquisition. Sales increased and order activity remained strong, particularly in the late, long cycle Energy and ChemPharma businesses. Operating margins improved 50 basis points to 13.5%. Backlog was $329 million at September 30, 2011, compared to $272 million at December 31, 2010 and $267 million at September 30, 2010. More...

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