We saw operating income increase by almost 23%, going from roughly $419 million last year to $515 million this year. We saw operating margins expand from 25% last year to 26.2% this year, and we saw EPS increase from $1.97 last year to $2.35 this year.If I look at the key drivers on sales versus last year, certainly, as you'd expect, we had strong aerospace growth of roughly 30%, with 12% coming organically, driven by a 10% increase in OEM and a 25% increase in spares. IGT was also a very strong contributor for us, growing by roughly 15%, but the majority of that coming organically at 13%, and the primary drivers is spares, but we did see growth to a lesser degree on the OEM side.
Precision Castparts Management Discusses Q1 2013 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.