Garlock Sealing Technologies Reports First Quarter 2011 Results
Thursday, May 12, 2011
The deconsolidated operations of Garlock Sealing
Technologies and its subsidiaries reported an 18% increase in third-party sales
compared to the first quarter of 2010, when they were included in EnPro's
consolidated results. The increase in sales reflects higher demand principally
from the steel industry and a strong maintenance and turnaround season in the
U.S. petrochemical industry. The profitability of these operations improved as
volumes increased and the operations benefited from initiatives which have
helped them to improve pricing. More…
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