Slinde Nelson
Email Our Firm

Is Precision Castparts' First Quarter Growth Indicative of a Recovery?

Analysts, commentators, businesses, and even Portland business lawyers are looking for signs that the economy is coming back.

Last week, Precision Castparts Corp. released its first quarter profit numbers, revealing a spark in profits that has people buzzing. One of only two Portland Fortune 500 companies, PCC realized a banner 20 percent year-over-year increase in profits. The company attributes the strong earnings to its revert blends, an industry term for metal scraps that are cheaper than virgin stock.

In a broader sense, it is the teeming aerospace industry that continues to drive Precision's stellar performance growth. Airplane makers like Boeing and Airbus are some of Precision's major customers.

Precision has also made some aggressive business acquisitions recently that, so far, look savvy.

Looking at the company's growth from a broader perspective, a bigger question remains: What does this mean for the economy at large, both in Oregon and throughout the Pacific Northwest?

Of note: Slinde Nelson partner, Darian Stanford, was former in-house general counsel for the metal parts giant.

No Comments

Leave a comment
Comment Information

111 Southwest 5th Avenue Suite 1940
Portland, OR 97204

Toll Free: 866-280-7562
Fax: 503-417-4250
Map & Directions

Contact Us to Discover What We Can Do for You

Contact us online using the form below or call us at 866-280-7562 to see how we can put our skills and experience to work for you.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy