Precision Castparts Corp. Improves Year-Over-Year
Operating Margins in the Third Quarter of Fiscal 2010
Precision Castparts Corp. (NYSE: PCP) continued to
drive its operations to achieve solid margin performance in the third
quarter of fiscal 2010, tackling major operational challenges in the
face of significant year-over-year sales erosion across all of the
Company’s end markets.
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PCC Airfoils' products made of special nickel superalloys
are manufactured with complex, internal cooling passages to withstand
turbine temperatures of 2.400° F or more. The business has also become
a major supplier of airfoils on large, land-based gas turbines for electrical
power generation.