Crane Co. (NYSE: CR), Stamford, CT, reported third-quarter sales of $670 million, down 8 percent over the same period a year ago. Profit for the diversified manufacturer increased 102.5 percent to $56.9 million.

Aerospace & electronics sales were $172 million, a 3 percent increase year-over-year. Engineered materials sales were $63 million, a decrease of 3 percent compared to year-ago levels.

Payment & merchandising technologies sales decreased 6 percent to $171 million, and fluid handling sales decreased 16 percent to $265 million.

For the first nine months, sales for Crane were $2.1 billion, down 6.1 percent year-over-year. Profit rose 19.9 percent to $163.7 million.