Posted on: Thu, 27 Jan 2011 10:08:20 EST
Symbols: PCP
Jan 27, 2011 (GlobeNewswire via COMTEX) —— Consolidated segment operating income margin of 24.3 percent
— EPS from continuing operations of $1.80 (diluted)
— Total debt of $236.9 million and cash of $822.8 million
PORTLAND, Ore., Jan. 27, 2011 (GLOBE NEWSWIRE) — Precision Castparts Corp. (NYSE: PCP | PowerRating) achieved solid operating performance in the third quarter of fiscal 2011 on the strength of improved aerospace and general industrial sales and a continued focus on daily production disciplines.
Third Quarter Fiscal 2011 Highlights
Total sales for Precision Castparts Corp. (PCC) increased 16.5 percent in the third quarter of fiscal 2011 over the same period a year ago, climbing to $1.59 billion of sales from last year’s $1.36 billion. Consolidated segment operating income for the quarter showed a 9.2 percent increase over a year ago, improving to $386.9 million, or 24.3 percent of sales, versus $354.4 million, or 26.0 percent of sales in the third quarter of fiscal 2010. Net income from continuing operations (attributable to PCC) was $258.7 million for the third quarter of fiscal 2011, or $1.80 per share (diluted, based on 144.1 million shares outstanding), compared to net income from continuing operations (attributable to PCC) of $228.6 million, or $1.61 per share (diluted, based on 142.3 million shares outstanding) last year. Including discontinued operations, net income (attributable to PCC) was $1.78 per share (diluted), …
Read the full Article via UPDATE — Precision Castparts Corp. Reports Third Quarter Fiscal 2011 Earnings | TradingMarkets.com.