The 2020 Mid-Year Economic Update_long

Precision Castparts Full-Year 2014 Sales Up 15%

Fourth-quarter sales up 3.9 percent year-over-year.

Diversified manufacturer Precision Castparts Corp. (NYSE: PCP), Portland, OR, reported full-year sales for the 2014 fiscal year ended March 30 of $9.6 billion, up 15 percent from the prior year. Profit increased 24.5 percent to $1.8 billion.

Sales for the fiscal fourth quarter ended March 30 were $2.5 billion, up 3.9 percent year-over-year, with organic sales up 3 percent. Profit grew 16.6 percent to $484 million.

Investment cast products segment sales in the fourth quarter were $629 million, down 1 percent year-over-year. Forged product sales were flat for the quarter at $1.1 billion, while airframe products sales were up 14.7 percent to $781 million.

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