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Precision Castparts Corp., which makes metal components for the aerospace and automotive markets, said that its fiscal 2008 third-quarter profit jumped 55 percent, boosted by strong sales across all major segments.
The company reported income of $246.5 million, or $1.76 per share, compared with $158.7 million, or $1.15 per share, in the year-ago period.
Total sales rose 23 percent to $1.7 billion from $1.38 billion in the third quarter of fiscal 2007.
Analysts polled by Thomson Financial, on average, estimated earnings of $1.72 per share on sales of $1.74 billion.
Sales from the company's investment cast products segment rose 24 percent to $540.9 million in the third quarter.
Forged products sales increased 21 percent to $771.8 million, while sales from the company's fastener products division grew 24 percent to $383.9 million. Additionally, year-over-year non-aerospace shipments increased to oil and gas, chemical processing, pollution control and other markets, Precision Castparts said.
Risk to the PCP's operations are directly linked to the aerospace industry. As a result, any
slowdown in the industry could lead to a decline in demand for its products. Additionally, fluctuation in the prices of basic materials could affect PCP's business.
I believe that demand for its products will remain high.
Astra portfolio: PCP Marketocracy tracking records as of January 25, 2008.
Portion of fund: 3.24%
Days held: 179
Inception return: - 19.15%
Opinion: Buy
Astra
my funds @ Marketocracy...
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Comments (2)
Armin, way up in the crows nest you do see many things alot farther out. Now I am an old US Air Force guy and I can tell you I wish I owned this stock many years ago.
Money it makes cause it's product are badly needed.
This one has been on my list for a long long time.
I notice you are chatting with that viking warrior , do you think he can take the waves of the high seas ????
I toast with some rum but I drink crafted beer !!! That way I can tell port from starboard .
Airplanes and Ships transportation !!!!!
that is is how to move things around the world.
Cheers,DuffBeer
Posted by duffbeer | January 25, 2008 3:36 PM
DuffBeer,
Port is to your left ( it's in a bottle [of rum ?? ] and is Ruby [ don't take your love to Town] RED. On the other side, witch you Heave to when you turn Green [ with envy ] is StarBoard.
If you go on a Sea Cruise get "POSH" accomondations - Port Out - Starboard Home".
That way the heat of the Noon day SUN [ which only a Mad Dog or an Englishman or you would go out in ] won't boil off the "Spirits" in your addle-Pated be-sotted brain. No GOLF on board
in the GULF - only Shuffle 'Bored' and Deck chairs and SteeerAGE passage passengers like U.
Hit the DECK, DuffBeer - VW's gonna put a FISH UP your GULLet and a torpedo Dive-bomb down your Chuff - if you don't beLAY the FlotSAM & JetSUM TRASH [Fish] Talkin' 'Bout Me, MySelf & I. Put a (Wind) sock in it, Un-able-bodied sailor.
You are CRUISIN' for a Bruisin' !!
You Rubber Legged LandLubbin' Son of a Gun;
3 sheets into the wind and hanging out 9 yards of [Dirty] laundry.
i am a shellback. a ShellBack! a SHELLBACK !!!!
The only draft you understand comes out of a Spigot into a TANKard and goes out your gunwales, Minnow Wailer.
The biggest 'craft' you have EVER been on is a Chris-[ Crossed ] Craft plastic boat, Matey.
Don L. Ferk ( born a Piscean in March - a son
of the Sea god & a MerMaid - you PollyWog PeriWINKle ShipWreck )
Posted by don ferk | January 26, 2008 9:46 AM