Need Help? (888) 742-5060

In The News:

Crane Sales Up 1.8% in 3Q

Crane Co. (NYSE: CR), Stamford, CT, a diversified manufacturer of highly engineered industrial products, reported sales for the third quarter were $560.7 million, an increase of 1.8 percent over the same period a year ago. Core sales increased 3.6 percent. Profit increased 18.2 percent to $41.5 million.

For the first nine months, sales were $1.64 billion, down slightly over the prior year period. Profit increased 33 percent to $114.8 million.

Sales in Aerospace & Electronics increased 5 percent in the third quarter to $143.2 million, primarily a result of increased Aerospace Group sales. Segment operating profit of $25.4 million increased by 27 percent. Order backlog was $402 million at Sept. 30, 2010, as compared to $395 million at June 30, 2010.

Engineered Materials segment sales of $54.9 million increased 14 percent compared to the third quarter of 2009, as a result of robust demand in the recreational vehicle and transportation markets, while building products related sales were flat. Operating profit grew 6 percent.

Third quarter Merchandising Systems sales of $77.2 million increased 2 percent, primarily due to higher sales in Vending Solutions. Operating profit of $6.3 million was down 9 percent.

Third quarter Fluid Handling segment sales decreased 4.2 percent, which included a core sales decline of 1.8 percent. Backlog was $267 million at Sept. 30, 2010, compared to $258 million at June 30, 2010, and $250 million at Dec. 31, 2009.

Third quarter 2010 sales in the Controls segment were $29.6 million, an increase of 28 percent, primarily reflecting improvement in industrial transportation and oil & gas related demand. Operating profit was $1.9 million.

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>

MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center