Precision Castparts Corp., Portland, OR, reported sales for the third quarter were $1.6 billion, a decline of 3.2% over the prior year period. Profit was $239.1 million, down 3%.
Current quarter sales were significantly impacted by the lengthy Boeing strike and flattening demand in the casting and forging aerospace businesses. PCC completed three acquisitions in the quarter.
For the first nine months ended Dec. 28, 2008, sales improved 4.8% to $5.2 billion, compared to the first nine months of fiscal year 2008. Profit for the period increased 10.7% to $784.2 million.
Investment Cast Products
Segment sales increased slightly to $541.5 million in the third quarter, versus $540.9 million for the same period the prior year. Contractual material …
Precision Castparts 3Q Sales Down 3.2%
Precision Castparts Corp., Portland, OR, reported sales for the third quarter were $1.6 billion, a decline of 3.2% over the prior year period. Profit was $239.1 million, down 3%.
Current quarter sales were significantly impacted by the lengthy Boeing strike and flattening demand in the casting and forging aerospace businesses. PCC completed three acquisitions in the quarter.
For the first nine months ended Dec. 28, 2008, sales improved 4.8% to $5.2 billion, compared to the first nine months of fiscal year 2008. Profit for the period increased 10.7% to $784.2 million.
Investment Cast Products
Segment sales increased slightly to $541.5 million in the third quarter, versus $540.9 million for the same period the prior year. Contractual material …
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