6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.
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.