American valve and pump manufacturer, Crane Co., reported second quarter 2016 GAAP earnings of USD $1.15 per diluted share, compared to USD $0.95 per share in the second quarter of 2015. Excluding Special Items, second quarter 2016 earnings per diluted share were USD $1.21, compared to USD $1.06 per share in the second quarter of 2015.
Second quarter 2016 sales were USD $712 million, approximately flat compared to USD $711 million in the second quarter of 2015. Core sales increased USD $7 million, or 1 percent, offset by a USD $6 million, or 1 percent, impact from unfavorable foreign exchange.
Operating profit in the second quarter was USD $103 million, up 14 percent compared to USD $90 million in the second quarter of 2015.