The 2020 Mid-Year Economic Update_long

Crane Sales Up 1.4% in 2Q

Profit increased 22.6 percent year-over-year.

Crane Co. (NYSE: CR), Stamford, CT, reported sales for the second quarter of $702.5 million, a 1.4 percent decrease over the same period a year ago. Profit increased 1.3 percent to $69.3 million.

Aerospace and electronics sales were down 9.5 percent to $171.1 million. Engineered materials sales were up 7.6 percent to $69.4 million. Merchandising systems sales were up 2.9 percent to $198.2 million. And fluid handling sales were down 0.8 percent to $263.8 million.

For the first six months, sales were $1.4 billion, up 0.2 percent over the same period a year ago. Profit was up 7.3 percent to $132.3 million.

 

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.
Social Media Auto Publish Powered By : XYZScripts.com