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For the first nine months of fiscal 2012, sales were $1.4 billion, up 15 percent year-over-year. Profit was $34.3 million, compared to a year-ago loss of $52.7 million.
Process & Motion Control core sales in the third quarter increased 11 percent year-over-year due to continued solid demand and market share gains across the majority of our served global markets. Net sales were $323 million, an increase of 8 percent from the prior year third quarter, which includes the year-over-year impact of a fiscal 2012 second quarter divestiture.
Water Management sales in the third quarter increased 41 percent from the prior year to $169 million as a result of the acquisition of VAG, the impact of market share gains and increased alternative market sales, which was partially offset by weakness in the North American municipal water markets.
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