Precision Castparts Corp., $213.79, symbol PCP on New York (Shares outstanding: 141.8 million; Market cap: $30.2 billion; www.precast.com), makes complex metal components and other products for aerospace and industrial firms.
The company has three divisions:
Forged Products (42% of total sales) manufactures specialized parts for jet engines, landing gear and other aerospace machinery, as well as industrial gas turbines and pipes. It makes these products from nickel alloys, steel and titanium.
Airframe Products (32%) makes aircraft wings, fuselages, passenger doors and fasteners. It also produces parts for the power-generation and industrial markets.
Investment Cast Products (26%) makes engineered components for jet engines, turbines and other industrial gear. These products are complex and must be able to withstand high temperatures and pressures.
Aerospace customers supply 70% of Precision’s revenue, followed by clients in the electrical power business (17%) and other industries, such as oil and gas, automobiles, chemicals and pulp and paper (13%). The company gets around 20% of its revenue from overseas.
In April 2014, Precision…
Privacy Policy and Terms of Use
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