Precision Castparts Corp., Portland, OR, reported sales in the second quarter fiscal 2009 were $1.82 billion from continuing operations, up 5.9% from a year ago. Profit from continuing operations was up 13.6%.
Investment Cast Products
Segment sales totaled $612 million in the second quarter, an increase of 15.2%. Contractual metal pass-through for the quarter comprised $23.8 million of these sales, compared to $23.3 million in the same period last year. Investment Cast Products saw robust aerospace demand during the quarter. This demand has been interrupted by the Boeing strike, is expected to pick up when the Boeing strike ends, and will further accelerate when the 787 moves into production.
The industrial gas turbine (IGT) business continues to grow …
Precision Castparts Sales Up 5.9% in 2Q
Precision Castparts Corp., Portland, OR, reported sales in the second quarter fiscal 2009 were $1.82 billion from continuing operations, up 5.9% from a year ago. Profit from continuing operations was up 13.6%.
Investment Cast Products
Segment sales totaled $612 million in the second quarter, an increase of 15.2%. Contractual metal pass-through for the quarter comprised $23.8 million of these sales, compared to $23.3 million in the same period last year. Investment Cast Products saw robust aerospace demand during the quarter. This demand has been interrupted by the Boeing strike, is expected to pick up when the Boeing strike ends, and will further accelerate when the 787 moves into production.
The industrial gas turbine (IGT) business continues to grow …
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