Crane Co. Reports Second Quarter Earnings
Monday, August 1, 2011
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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