Crane segment operating earnings for the second quarter of 2013 were $65.0 million, up 25.0 percent compared to $52.0 million in the same period last year. This resulted in an operating margin of 9.9 percent for the second quarter of 2013, up from 8.5 percent in the same period in 2012. Second-quarter 2013 earnings were driven by higher sales volume as well as operational efficiencies which resulted from our global manufacturing strategy.Crane segment backlog totaled $726 million as of June 30, 2013, a decrease of $50 million from the first quarter 2013. Second-quarter 2013 orders of $604 million were 6.2 percent greater than the first quarter of 2013, while slightly lower than the second quarter of 2012.
The Manitowoc Company Reports Second-quarter Financial Results
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