Jason Sandefur

Precision Castparts Corp. reported its Fastener Products segment saw sales rise 23.8% to $186.8 million during the fourth quarter of fiscal 2005, while operating income more than doubled to $26.5 million. Q4 results include approximately four weeks of activity from the recent $191 million acquisition of Air Industries Corp.
Full-year fastener results for fiscal 2005 include sales of $691.3 million and operating income of $88.3 million. PCC said fastener sales were driven by increased aerospace and automobile market share, along with strong aftermarket demand.
Overall sales for Q4 increased 27% to a record $809.5 million, while operating income totaled $119.7 million.
For fiscal 2005, overall sales soared 52.6% to $2.92 billion. PCC reported a $1.7 million loss for the year. Web: precast.com �2005 FastenerNews.com