Crane Co. Reports Record Third Quarter Results
Segment Results
All comparisons detailed in this section refer to continuing operations for the third quarter 2012 versus the third quarter 2011.
Aerospace & Electronics
| Third Quarter | Change | ||||||||||
| (dollars in millions) | 2012 | 2011 | |||||||||
| Sales | $171.4 | $172.2 | ($0.8) | (0%) | |||||||
| Operating Profit | $39.8 | $35.6 | $4.2 | 12% | |||||||
| Profit Margin | 23.2% | 20.7% | |||||||||
Third quarter 2012 sales were similar to year ago levels, reflecting flat Aerospace Group sales and a slight decline in Electronics Group revenue. Within the Aerospace Group, both OEM and aftermarket sales were approximately equal to the prior year. Segment operating profit of $39.8 million increased by $4.2 million, or 12%, primarily reflecting lower engineering spending, and operating margin improved to 23.2%.
Aerospace & Electronics order backlog was $393 million at September 30, 2012, as compared to $423 million at June 30, 2012 and $411 million at December 31, 2011.Select the service that is right for you!
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