Fri08012014

Last updateThu, 31 Jul 2014 5pm

Back You are here: Home News Industry Headlines Valve Manufacturing Crane Co. Reports Strong Second Quarter Results

Valve Manufacturing

Crane Co. Reports Strong Second Quarter Results

Crane Co. reported second quarter 2013 earnings of $0.93 per diluted share, compared to $1.07 in the second quarter of 2012.

Second quarter 2013 sales in Crane’s Fluid Handling segment increased $6.7 million, or 2%, which included a core sales increase of $9.2 million (3%), and unfavorable foreign exchange of $2.5 million (1%). The sales increase reflected higher demand from chemical, energy and nuclear valve services customers. Excluding Special Items, segment operating margin increased from 12.8% to 16.2%, reflecting continued strong execution, productivity gains and savings associated with the repositioning actions taken in 2012. Fluid Handling order backlog was $350 million at June 30, 2013, compared to $343 million at December 31, 2012 and $351 million at June 30, 2012.

New Products

 

Valve Magazine Digital Edition

14 SUM CVR 160x214Inside the Summer 2014 issue…

• Attracting Talent
• Advances in Machining
• Severe Service in Power Plants
• SIS Tests and Standards

CLICK HERE TO REQUEST YOUR
DIGITAL EDITION PREVIEW EMAIL

steroids in usa anavar only hcg benefits buy steroids in the usa steroids woman