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Last $208.81 USD
Change Today +0.03 / 0.01%
Volume 495.8K
PCP On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

precision castparts corp (PCP) Snapshot

Open
$208.94
Previous Close
$208.78
Day High
$210.00
Day Low
$208.58
52 Week High
06/9/14 - $275.09
52 Week Low
01/16/15 - $186.17
Market Cap
29.6B
Average Volume 10 Days
1.0M
EPS TTM
$12.92
Shares Outstanding
141.8M
EX-Date
03/4/15
P/E TM
16.2x
Dividend
$0.12
Dividend Yield
0.06%
Current Stock Chart for PRECISION CASTPARTS CORP (PCP)

precision castparts corp (PCP) Related Businessweek News

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precision castparts corp (PCP) Details

Precision Castparts Corp. manufactures and sells metal components and products worldwide. It operates in three segments: Investment Cast Products, Forged Products, and Airframe Products. The Investment Cast Products segment manufactures investment castings for aircraft engines, industrial gas turbine (IGT) engines, airframes, medical implants, armament, unmanned aerial vehicles, and other industrial applications. This segment provides aerospace structural castings; aerospace airfoil castings, such as stationary vanes and rotating blades; IGT castings, as well as structural and airfoil castings for aero derivative gas turbine engines; other investment casting products, including artificial hips and knees, landing gear struts, and engine inlets for unmanned aerial vehicles, as well as impellers for pumps and compressors; and titanium components for armament systems. The Forged Products segment produces components, such as fan discs, compressor discs, turbine discs, seals, spacers, shafts, hubs, and cases; airframe structural components; mechanical and structural tubular products; nickel-based alloys; titanium melted and mill products; and revert management solutions. The Airframe Products segment develops and manufactures engineered fasteners, fastener systems, aero structures, and precision components. This segment offers bolts, sleeved fastening systems, nuts, nut plates, latches, expandable diameter fasteners, quick release pins, hydraulic fittings, bushings, inserts, collars, and other precision components. The company sells its products through a network of distributors and independent sales representatives, as well as through direct sales and marketing staff. It serves automotive, chemical and petrochemical, medical, industrial process, aerospace, medical implant, satellite launch vehicle, and other general industrial markets. Precision Castparts Corp. was founded in 1949 and is headquartered in Portland, Oregon.

29,000 Employees
Last Reported Date: 05/29/14
Founded in 1949

precision castparts corp (PCP) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.7M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $665.0K
Executive Vice President and President of For...
Total Annual Compensation: $966.7K
Executive Vice President and President of Air...
Total Annual Compensation: $517.0K
Executive Vice President
Total Annual Compensation: $663.7K
Compensation as of Fiscal Year 2014.

precision castparts corp (PCP) Key Developments

Precision Castparts Corp. Provides Earnings Guidance for the Fiscal Fourth Quarter 2015

Precision Castparts Corp. provided earnings guidance for the fiscal fourth quarter 2015. For a the quarter, the company expects fiscal fourth quarter diluted earnings per share from continuing operations to be in the range of $0.65 to $0.80, including the charges discussed above, which range from approximately $343 million to $363 million pre-tax, or $2.15 to $2.25 per share (diluted), subject to finalization of the fiscal year close. Excluding the impairment and restructuring charges in the quarter, diluted adjusted earnings per share are expected to be $2.90 to $2.95. The adjusted earnings per share reflect unfavorable mix, and lower than expected pricing and sales volumes, primarily in the oil & gas and power pipe businesses, in addition to foreign exchange headwinds and the impact of the TIMET Morgantown incident.

Precision Castparts Corp.'s Huntington Plant Lays Off Workers

Precision Castparts Corp. announced that its Special Metals alloy plant in Huntington is laying off about 100 workers. The company didn't specify in a statement whether the layoffs would be temporary or permanent. The company said it will evaluate its staffing in the future as business conditions warrant. The 130-acre plant manufactures high-performance nickel alloys for the aerospace, gas well and other industries and employs more than 500 hourly workers.

Kevin Murphy Sues Precision Castparts Corp

Kevin Murphy, an individual shareholder, sued Precision Castparts Corp., alleges the company's 2013 and 2014 debt agreements with Bank of America contain inappropriate language that would allow the bank to immediately call in its outstanding debt if a majority of the board is replaced in a proxy fight. The company signed a $1 billion line of credit with the bank in 2013 and renewed it again in 2014. Murphy argues that the terms could have a chilling effect on any efforts to replace the company's existing board members with unapproved outsiders. The terms are commonly referred to as 'Dead Hand Proxy Put' and 'Poison Put'. Murphy, who seeks to represent shareholders of the company's nearly 141.8 million in outstanding shares, is not seeking damages. Noting that the so-called 'Dead Hand Proxy Put' and 'Poison Put' clauses have been rejected by other courts, he is asking the Oregon court to issue a ruling that the clauses are unenforceable. The Delaware Court of Chancery has said such agreements 'can operate as improper entrenchment devices that coerce stockholders into voting only for persons approved by the incumbent board'. Murphy is represented by Keith Dubanevich of Stoll Stoll Berne Lokting & Schlachter P.C.

 

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Industry Analysis

PCP

Industry Average

Valuation PCP Industry Range
Price/Earnings 16.1x
Price/Sales 2.9x
Price/Book 2.5x
Price/Cash Flow 15.8x
TEV/Sales 2.5x
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