Precision Castparts Corp. (NYSE: PCP), Portland, OR, reported sales for the fiscal first quarter ended July 1, 2012, of $1.97 billion, a 17.6 percent increase over the prior-year period. Profit rose 19.5 percent to $341.7 million.
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Results were tempered by the effect of an outage of the 29,000-ton forging press in Houston, TX, toward the end of the first quarter.