Crane Co. (NYSE: CR), Stamford, CT, reported third-quarter sales of $694.2 million, up 3.6 percent over the same period a year ago. Profit for the diversified manufacturer increased 11.6 percent to $63.5 million.
Aerospace and electronics sales were up 15 percent to $198 million. Engineered materials sales were up 2 percent to $64 million. Payment and merchandising technologies sales were up 9 percent to $187 million. And fluid handling sales were down 7 percent to $245 million.
For the first nine months, sales for Crane were $2.1 billion, up 0.3 percent year-over-year. Profit rose 14.1 percent to $186.8 million.