Crane Co. Reports Strong Fourth Quarter '09 Performance
Fourth quarter 2009 sales in the Fluid Handling segment of Crane Co. decreased $25.1 million, or 9%, which included a core sales decline of $53.5 million (19%), partially offset by favorable foreign currency translation of $13.2 million (5%) and sales from an acquired business (Krombach) of $15.2 million (5%). Sales declined in the Company's later-cycle, project-based energy, chemical, pharmaceutical and non-residential construction-related businesses.
Source: Crane Co.
