Precision Castparts Q4 Profit Increases - Quick Facts

(RTTNews) - Precision Castparts Corp. (PCP) said that its fourth-quarter net income attributable to the company rose to $484 million from the previous year's $415 million, with earnings per share improving to $3.31 from $2.82 in the prior year. Analysts polled by Thomson Reuters expected the company to report earnings of $3.20 per share for the quarter. Analysts' estimates typically exclude special items.

Earnings per share from continuing operations were $3.27, up from $2.82 in the same period last year.

Quarterly net sales totaled $2.53 billion, an increase of 4 percent from last year's $2.43 billion. Wall Street expected revenues of $2.52 billion. Year-over-year organic growth was approximately 3 percent, excluding the impact of metal/revert pricing.