Last Updated on May 10, 2022 by Craig Allen Keefner
Crane said sales in the Payments & Merchandising segment increased $21 million, or 12%, driven by $28 million, or 16%, of core growth, partially offset by a $7 million, or -4%, impact from unfavorable foreign exchange. Operating margin expanded 310 basis points to 19.7%, driven primarily by integration synergies, the higher core sales and strong productivity.
Source: www.vendingtimes.com
“At Payment & Merchandising Technologies, we are seeing accelerating demand for productivity solutions, and we expect a third consecutive year of substantial growth and margin expansion in 2017,” Max Mitchell said.
