Precision Castparts Q2 Profit Rises - Quick Facts

(RTTNews) - Precision Castparts Corp. (PCP) reported that its net income attributable to the company for the second quarter of fiscal 2015 rose to $467 million from last year's $424 million, with earnings per share improving to $3.24 from $2.89 in the previous year. Analysts polled by Thomson Reuters expected the company to report earnings of $3.32 per share for the quarter. Analysts' estimates typically exclude special items.

The company stated that a full quarter of results from recent acquisitions, Permaswage and Aerospace Dynamics International, had a positive impact on second quarter sales and earnings, compared to the same period a year ago.

Net sales for the quarter totaled $2.52 billion, increasing 8 percent relative to sales of $2.34 billion in the same period a year ago. Organic sales growth was approximately 4 percent compared to last year, excluding the impact of metal/revert pricing. Wall Street expected revenues of $2.52 billion for the quarter.