Management of valve companies continually analyze and predict future profitability. Unit margins have to be sufficient to exceed cost of goods sold by an amount sufficient to cover selling and administrative expense by the targeted operating margin. In 2018 Crane cost of goods sold was 64% of sales, gross profit was 36%. Income before taxes was 12%. Flowserve COGS and selling and general expenses were higher than Crane. IMI income was 13% of sales. Metso income in their flow division was $117 million which is 16% of sales. Click Here For Complete News Release Text
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