Precision Castparts (PCP) Misses Q4 EPS by 3c, Offers FY16 Guidance
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Precision Castparts Fourth Quarter Fiscal 2015 Earnings
May 13, 2015 3:01 AM EDTSALES OF $2.5 BILLIONÂ
ADJUSTED EPS OF $2.94 FROM CONTINUING OPERATIONS (DILUTED)1,2Â
REPORTED EPS OF $1.06 FROM CONTINUING OPERATIONS (DILUTED)1
Reported EPS includes $1.88 in after-tax charges related to asset and inventory valuation adjustments and restructuring activitiesOrganic sales flat on a constant currency basis year-over-year, including the continuing impact of headwinds from an aerospace customer's inventory actions and oil & gas and pipe marketsReturned $729 million to shareholders in form of share repurchases; $1.6 billion returned during FY15FY16 guidance of EPS from continuing... More