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Buffett buys Precision Castparts

2015-08-10 13:47:38| BBC News | Business | UK Edition

Warren Buffett's investment firm Berkshire Hathaway agrees a deal to buy aircraft components maker Precision Castparts Corp for $37.2bn.

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Precision Castparts could be sold to Warren Buffett's Berkshire Hathaway

2015-08-09 03:39:36| Footwear - Topix.net

The Wall Street Journal reported Saturday that Warren Buffett 's company is close to buying Portland's Precision Castparts Corp. The move for the aerospace company could mean the loss of a Fortune 500 headquarters for Oregon. The state counts just two other such corporate giants: Nike Inc. and Lithia Motors .

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Berkshire Hathaway nearing deal to buy Precision Castparts: WSJ

2015-08-08 22:20:09| Industrial Machines - Topix.net

"Charlie and I favour repurchases when a its stock is selling at a material discount to the company's intrinsic business value," Berkshire Hathaway boss Warren Buffett says. "Charlie and I favour repurchases when a its stock is selling at a material discount to the company's intrinsic business value," Berkshire Hathaway boss Warren Buffett says.

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Precision Castparts Corp. Expands Its Machining Capabilities with the Acquisition of Noranco

2015-08-03 12:31:10| Industrial Newsroom - All News for Today

PORTLAND, Ore. - Precision Castparts Corp. (NYSE:PCP) has agreed to acquire Noranco from MidOcean Partners and PSP Investments for $560 million. Noranco is a premier supplier of complex machined and fabricated components for aero-engine, landing gear and airframe applications. Noranco provides significant value to...

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Precision Castparts First Quarter Fiscal 2016 Earnings

2015-07-28 09:58:55| Industrial Machines - Topix.net

Organic sales down 2 percent on a constant currency basis year-over-year, up 1 percent excluding oil & gas and other non-IGT power generation markets PORTLAND, Ore., July 28, 2015 -- Precision Castparts Corp. reported its results for the first quarter of fiscal 2016: "Operationally, Investment Cast Products delivered solid performance, effectively leveraging volume growth into strong margin expansion versus the first quarter of fiscal 2015," said Mark Donegan, chairman and chief executive officer of Precision Castparts Corp. "Industrial gas turbine and the next generation aircraft engines remain solid demand drivers for the segment.

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