Precision Castparts Corp. (NYSE: PCP), Portland, OR, reported sales for 12 months ended March 31, 2013, of $8.4 billion, an increase of 16.3 percent from the prior year. Profit increased 16.5 percent to $1.4 billion.

Sales for the fourth quarter were $2.4 billion, an increase of 25 percent over the same period last year. Profit increased 23.2 percent to $414.2 million.

Investment Cast Products grew year-over-year sales by 5 percent in the fourth quarter, increasing to $635.7 million. Fourth-quarter operating income of $214.3 million, or 33.7 percent of sales, increased by 9 percent over last year.

Sales for Forged Products in the fourth quarter increased by 31 percent to $1.1 billion. Operating income improved to $252.8 million, or 22.6 percent of sales in the fourth quarter, compared to operating income of $192.7 million, or 22.5 percent of sales, last year.

Airframe Products' sales grew by 40 percent to $685.1 million. Segment operating income increased by 42 percent to $198 million.