Arconic reported Engineered Products and Solutions (EP&S) revenue, primarily aerospace fasteners, increased 5% to $1.5 billion in the opening quarter of 2019. Organic revenue grew 7%, driven by aero engine and defense growth.

EP&S operating profit rose 21% to $253 million, driven by volume increases in high growth aerospace and defense markets, favorable aerospace pricing and cost reductions. Segment operating margin was 16.8%, up 210 basis points year over year.

Consolidated Q1 revenue increased 3% to $3.5 billion, including organic revenue gains of 9%. Net income improved 31% to $187 million, while operating income rose 12% to $374 million. Web: Arconic.com