Sauer-Danfoss sees strong sales

Sauer-Danfoss Inc. on Wednesday announced increased sales and income for the third quarter. The maker of electronic and hydraulic components for equipment, which has a major manufacturing plant in Ames, reported that net sales increased 23 percent to $483.3 million, compared with net sales of $392.6 million for the year-ago period. Net income was $57 million, or $1.18 per share, compared with $32.1 million, or 66 cents per share, for the third quarter of 2010.

Sauer-Danfoss Inc. on Wednesday announced increased sales and income for the third quarter.

The maker of electronic and hydraulic components for equipment, which has a major manufacturing plant in Ames, reported that net sales increased 23 percent to $483.3 million, compared with net sales of $392.6 million for the year-ago period.

Net income was $57 million, or $1.18 per share, compared with $32.1 million, or 66 cents per share, for the third quarter of 2010.