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Precision Castparts First Quarter Fiscal 2016 Earnings

2015-07-28 09:58:55| Industrial Machines - Topix.net

Organic sales down 2 percent on a constant currency basis year-over-year, up 1 percent excluding oil & gas and other non-IGT power generation markets PORTLAND, Ore., July 28, 2015 -- Precision Castparts Corp. reported its results for the first quarter of fiscal 2016: "Operationally, Investment Cast Products delivered solid performance, effectively leveraging volume growth into strong margin expansion versus the first quarter of fiscal 2015," said Mark Donegan, chairman and chief executive officer of Precision Castparts Corp. "Industrial gas turbine and the next generation aircraft engines remain solid demand drivers for the segment.

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