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The third-quarter sales increase was driven by a 20.7 percent increase in Crane segment sales, coupled with a 10.2 percent increase in Foodservice segment sales.
"While persistent pressure in the broader economic landscape has tempered a growing recovery, we are well positioned for the long term as we continue to capitalize on activity driven by large infrastructure and energy projects in Cranes and momentum from new product launches in Foodservice," CEO Glen E. Tellock said.
For the first nine months, sales were $2.6 billion, up 13 percent over the prior year period. The manufacturer recorded a net loss for the period of $26 million, compared to a year ago loss of $7.6 million.
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