"In our fourth quarter, we started to realize the solid benefits of a long-term plan for continued profitable growth," said Mark Donegan, chairman and chief executive officer of Precision Castparts. "We have focused on and have been diligent in acquiring the right assets over the last few years, and now those acquisitions have started to deliver on the value we anticipated. Our fourth quarter performance is only an initial data point on a long continuum for improved sales and earnings performance in the future."Timet is certainly a significant catalyst in achieving our long-term objectives. We are integrating Timet's businesses at a rapid pace, and we see multiple opportunities for growth and improvement well out into the future. It's a strong first step, but we are really just beginning to scratch the surface of this value-creating opportunity.
Precision Castparts Corp. Reports Fourth Quarter Fiscal 2013 Earnings
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