Strong end markets, effective volume leverage, and
continued, across-the-board operational improvements drove Precision
Castparts Corp. (NYSE:PCP) to new highs in sales, net income, and earnings
per share from continuing operations both for the fourth quarter of
fiscal 2008 and for the full fiscal year.
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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.
