Portland, OR-based Precision Castparts Corp. announced sales in the first quarter ended June 29, 2008, were $1.83 billion, an increase of 11.2% over same period a year ago.
Profits improved 22.7% to $274.9 million, compared to $224.1 million a year ago.
Results by Segment
Total sales of Investment Cast Products were $597.7 million, a 17.3% increase over last year’s first quarter sales. Growth was propelled by solid aerospace OEM and aftermarket shipments and significant industrial gas turbine (IGT) sales growth.
Forged Products’sales improved 5.6% year over year, increasing to $816.5 million in the first quarter of fiscal 2009. Lower selling prices of external alloy sales from the segment’s three primary mills, combined with increased …
Precision Castparts Sales Grow 11.2% in 1Q
Portland, OR-based Precision Castparts Corp. announced sales in the first quarter ended June 29, 2008, were $1.83 billion, an increase of 11.2% over same period a year ago.
Profits improved 22.7% to $274.9 million, compared to $224.1 million a year ago.
Results by Segment
Total sales of Investment Cast Products were $597.7 million, a 17.3% increase over last year’s first quarter sales. Growth was propelled by solid aerospace OEM and aftermarket shipments and significant industrial gas turbine (IGT) sales growth.
Forged Products’sales improved 5.6% year over year, increasing to $816.5 million in the first quarter of fiscal 2009. Lower selling prices of external alloy sales from the segment’s three primary mills, combined with increased …
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