Garlock Sealing Technologies Announces Third Quarter 2011 Results
Monday, November 7, 2011
Garlock Sealing Technologies (GST) and its subsidiaries
reported an increase in third party sales of 14% from the third quarter of 2010
as demand grew from industrial markets in the United States. GST's profits
improved as volumes increased, but profit margins declined slightly as improvements
in pricing only partially offset increases in cost and a $1 million increase to
its environmental accrual. More...