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Precision Castparts Corp (PCP.N)

PCP.N on New York Stock Exchange

234.95USD
29 Jan 2016
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$0.10 (+0.04%)
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Latest Key Developments (Source: Significant Developments)

Precision Castparts declares dividend at quarterly board meeting
Wednesday, 12 Aug 2015 04:00pm EDT 

Precision Castparts Corp:Declared a quarterly cash dividend of $0.03 per share on the company's common stock payable on September 28, 2015, to shareholders of record at the close of business on September 4.  Full Article

Berkshire Hathaway Inc. to acquire Precision Castparts Corp
Monday, 10 Aug 2015 07:00am EDT 

Berkshire Hathaway Inc:Acquire Precision Castparts Corp for $235 per share in cash.Transaction is valued at about $37.2 billion, including outstanding net debt.Closing is expected to occur during the first quarter of calendar 2016.  Full Article

Precision Castparts Corp updates FY 2016 guidance
Tuesday, 28 Jul 2015 03:02am EDT 

Precision Castparts Corp:Says FY 2016 guidance is adjusted for interest expense impact of bond issuance.Expects FY 2016 sales in the range of $10.0 - $10.4 billion.Expects FY 2016 diluted EPS from continuing operations in the range of $12.25 - $13.15.  Full Article

Precision Castparts Corp to acquire noranco for $560 million
Monday, 27 Jul 2015 07:00am EDT 

Precision Castparts Corp:Expands its machining capabilities with the acquisition of noranco.Says the cash acquisition will be immediately accretive to earnings.Says has agreed to acquire noranco from midocean partners and psp investments for $560 million.Deal to be completed during Q3 of fiscal 2016, after which its results will be reported as part of the airframe products seg.  Full Article

Precision Castparts secures high temperature composite capability with the acquisition of Composites Horizons, LLC
Monday, 13 Jul 2015 08:30am EDT 

Precision Castparts Corp:Secures high temperature composite capability with the acquisition of composites horizons, llc.Says financial terms were not disclosed.Says the transaction is expected to be completed during the second quarter of fiscal 2016.Says has agreed to acquire composites horizons, llc (chi) from American industrial partners.  Full Article

Precision Castparts Corp issues $2 billion senior notes - Form 8-K
Friday, 5 Jun 2015 06:03am EDT 

Precision Castparts Corp:Issues $2 billion principal amount of notes.Says includes $550 mln of 2.250 pct senior notes due 2020.Says includes $850 mln of 3.250 pct senior notes due 2025.Says includes $275 mln of 4.200 pct senior notes due 2035.Says includes $325 mln of 4.375 pct senior notes due 2045.Net proceeds expected to be about $1.98 billion.Intends to use net proceeds to pay down its commercial paper.  Full Article

Precision Castparts Corp declares quarterly dividend
Thursday, 21 May 2015 09:30pm EDT 

Precision Castparts Corp:Declares quarterly cash dividend of $0.03 per share on the company's common stock.Dividend is payable on June 29, to shareholders of record at the close of business on June 5.  Full Article

Precision Castparts Corp gives FY 2016 guidance in line with analysts' estimates
Wednesday, 13 May 2015 03:01am EDT 

Precision Castparts Corp:Expects FY 2016 guidance of EPS from continuing operations (diluted) of $12.50 - $13.40, with sales of $10.0 - $10.4 billion.FY 2016 EPS of $13.39 and revenue of $10.38 - Thomson Reuters I/B/E/S.  Full Article

Precision Castparts Corp approves expanded share repurchase program
Wednesday, 13 May 2015 03:00am EDT 

Precision Castparts Corp:Has approved $2 bln expansion to company's existing share repurchase program, effective immediately and continuing through June 30, 2017.Company plans to repurchase up to $2 bln of its common stock over next 12 to 18 months as part of its comprehensive cash deployment strategy.Intends to repurchase outstanding shares from time to time in the open market.  Full Article

Precision Castparts Corp gives Q4 2015 earnings outlook
Wednesday, 15 Apr 2015 06:00am EDT 

Precision Castparts Corp:Expects Q4 2015 earnings per share from continuing operations to be in the range of $0.65 to $0.80 (diluted), including the charges discussed above, which range from about $343 to $363 million pre-tax, or $2.15 to $2.25 per share.Q4 2015 EPS of $3.21, Pre-tax Profit of $679 million - Thomson Reuters I/B/E/S.  Full Article

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Buffett says would pursue big Berkshire stock buyback if warranted

OMAHA, Neb. Warren Buffett on Saturday said the odds were "extremely high" that his Berkshire Hathaway Inc would buy back "a lot" of its stock if the price fell below 1.2 times book value, a level it recently approached.