Aerospace and electronics and engineered materials segment sales increased.
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Only one of four segments saw a sales increase during the quarter.
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Of Cranes four business segments, sales declined in aerospace and electronics and merchandising systems.
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Max Mitchell, current COO, will succeed CEO Eric Fast.
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The Aerospace & Electronics and Fluid Handling segments saw declines.
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Declines in Fluid Handling and Controls were offset by strong results in three other segments.
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Crane to acquire MEI Conlux Holdings (U.S.), Inc. and its affiliate MEI Conlux Holdings (Japan), Inc.
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