This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Precision Castparts Management Discusses Q1 2013 Results - Earnings Call Transcript

Precision Castparts (PCP)

Q1 2013 Earnings Call

July 26, 2012 10:00 am ET

Executives

Mark Donegan - Chairman, Chief Executive Officer and President

Shawn R. Hagel - Chief Financial Officer, Principal Accounting Officer, Senior Vice President and Assistant Secretary

Analysts

Robert Stallard - RBC Capital Markets, LLC, Research Division

Robert Spingarn - Crédit Suisse AG, Research Division

Jason M. Gursky - Citigroup Inc, Research Division

Richard Tobie Safran - The Buckingham Research Group Incorporated

Seth M. Seifman - JP Morgan Chase & Co, Research Division

Peter J. Arment - Sterne Agee & Leach Inc., Research Division

David E. Strauss - UBS Investment Bank, Research Division

Amit Mehrotra - Deutsche Bank AG, Research Division

Gautam Khanna - Cowen and Company, LLC, Research Division

Noah Poponak - Goldman Sachs Group Inc., Research Division

Stephen E. Levenson - Stifel, Nicolaus & Co., Inc., Research Division

Samuel J. Pearlstein - Wells Fargo Securities, LLC, Research Division

Ronald J. Epstein - BofA Merrill Lynch, Research Division

Presentation

Operator

Good morning, and welcome to the Precision Castparts Webcast and Conference Call to discuss its first quarter for fiscal 2013. This event is being recorded and will be available on PCC's company website at www.precast.com shortly after the conclusion of the presentation and discussion. Following remarks by members of PCC management, the dial-in access lines will be open for your questions. [Operator Instructions] Now I will turn the floor over to Mr. Mark Donegan, Chairman and Chief Executive Officer of Precision Castparts. Please go ahead, sir.

Mark Donegan

Thank you, operator. I'm sure you're all very familiar with the forward-looking statement. You need to take consideration when you're analyzing the following information. If I look at Q1 in total, I think it provided a solid expansion on both the top and bottom line versus last year. But looking at our company performance in total, we saw sales increase by 17.6%, going from roughly $1.68 billion last year to roughly $1.97 billion this year.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,062.49 -17.65 -0.10%
S&P 500 2,111.27 -6.42 -0.30%
NASDAQ 5,060.6530 -31.4320 -0.62%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs