Crane Co., Stamford, CT, a diversified manufacturer of highly engineered industrial products, reported third quarter 2008 profit of $36.1 million compared with third quarter 2007 net loss of $196.9 million.
Third quarter 2008 sales decreased $21.4 million, or 3%, including core business decline of $27.9 million (4%) partially offset by an increase of sales from acquired businesses of $3.8 million and favorable foreign currency translation of $2.7 million. Order backlog at Sept. 30, 2008 was $779 million, which is 3% lower than the backlog of $805 million at June 30, 2008 and 8% higher than $720 million at December 31, 2007.
The third quarter 2008 sales increase of $0.7 million reflected a sales increase of $3.8 million in the Aerospace Group and a decrease of …
Crane Co. 3Q Sales Down 3%
Crane Co., Stamford, CT, a diversified manufacturer of highly engineered industrial products, reported third quarter 2008 profit of $36.1 million compared with third quarter 2007 net loss of $196.9 million.
Third quarter 2008 sales decreased $21.4 million, or 3%, including core business decline of $27.9 million (4%) partially offset by an increase of sales from acquired businesses of $3.8 million and favorable foreign currency translation of $2.7 million. Order backlog at Sept. 30, 2008 was $779 million, which is 3% lower than the backlog of $805 million at June 30, 2008 and 8% higher than $720 million at December 31, 2007.
The third quarter 2008 sales increase of $0.7 million reflected a sales increase of $3.8 million in the Aerospace Group and a decrease of …
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