The 2020 Mid-Year Economic Update_long

Crane Sales Down 5.2% in 2Q

Profit decreased 6.5 percent year-over-year.

Crane Co. (NYSE: CR), Stamford, CT, reported sales for the second quarter of $711.2 million, a 5.2 percent decrease over the same period a year ago. Profit decreased 6.5 percent to $55.9 million.

Aerospace and electronics sales were $167 million, a 6 percent decrease from 2014 levels. Engineered materials sales were $66 million, an increase of 4 percent compared to year-ago levels. Merchandising systems sales were $187 million, an increase of 1 percent compared to the same period a year ago. And fluid handling sales were $292 million, down 10 percent from the prior-year quarter.

For the first six months, sales were $1.4 billion, down 5.2 percent over the same period a year ago. Profit was down 1.5 percent to $106.8 million.

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