Sequa Corp., New York, NY, reported sales of $572.1 million in the third quarter ended Sept. 30, 2007, up 3.1%. For the first nine months of 2007, Sequa’s sales increased 1% to $1.7 billion. Profit for the nine-month period was $44.3 million, compared with $42.1 million in the same period a year ago.
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Aerospace: Sales at Chromalloy Gas Turbine Corporation -Sequa’s largest business unit and the sole component of its aerospace segment -were on par with the third quarter of 2006, as increased sales to commercial airlines and the military substantially offset lower sales to marine and industrial turbine customers. Increased sales to airlines resulted from new product introductions and sales from long-term contracts with airline customers.
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Sequa Sales Up 3% in 3Q
Sequa Corp., New York, NY, reported sales of $572.1 million in the third quarter ended Sept. 30, 2007, up 3.1%. For the first nine months of 2007, Sequa’s sales increased 1% to $1.7 billion. Profit for the nine-month period was $44.3 million, compared with $42.1 million in the same period a year ago.
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Aerospace: Sales at Chromalloy Gas Turbine Corporation -Sequa’s largest business unit and the sole component of its aerospace segment -were on par with the third quarter of 2006, as increased sales to commercial airlines and the military substantially offset lower sales to marine and industrial turbine customers. Increased sales to airlines resulted from new product introductions and sales from long-term contracts with airline customers.
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