5/14/2015 12:01:00 AM
NEWS BRIEFS
Fastener Sales & Income Up At Precision Castparts

Precision Castparts Corp. reported fiscal fourth-quarter sales in its Airframe Products segment – primarily fasteners – grew 1% to $789 million, driven by 7% growth in commercial aerospace sales, offset by lower military and general industrial sales.

Segment operating income grew 2% to $237 million, and operating margins increased 30 basis points to 30%, driven by solid leverage of increased throughput and the benefit from acquisitions.

Full-year Airframe Products revenue rose 11.4% to $3.2 billion, while segment operating income gained 12.2% to $968 million. 

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Related Links:

• Precision Castparts Corp.