This Week
  • GM injection: The automaker has invested $150 million here since 2011.

  • East High School teacher and blogger Kelly LaLonde speaks out about education.

  • HBT Architects took a risk and parted with some clients on its new path.

  • Placing a loved one in an elder care facility is not an easy decision for caregivers.

  • Robert W. Hurlbut heads a 1,400-employee business started by his grandparents.

  • The new edition of Explore Greater Rochester is here.

Garlock's operating profit rises; sales flat

Rochester Business Journal
November 2, 2012

EnPro Industries Inc. on Friday reported improved third-quarter operating income for Garlock Sealing Technologies LLC despite flat sales.

Garlock, based in Palmyra, Wayne County, is a deconsolidated subsidiary of North Carolina-based EnPro with nearly 600 local employees. In 2010, Garlock filed a voluntary petition to establish a trust to resolve all current and future asbestos claims under the U.S. Bankruptcy Code.

Garlock and its subsidiaries earned $13.3 million before selected items, up from $11.4 million the prior year. Operating income was $11.9 million, up from $9.3 million during the same period last year.

Sales were flat at $52.6 million. Company leaders said cost reductions and improved prices for its products helped operating profits.

Garlock’s financial results are not included in EnPro’s consolidated results of operations during the asbestos claims resolution process, the company said.

(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.
 


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google