Precision Castparts announces $750M share buyback

Precision Castparts announces $750M share buyback

Precision Castparts third-quarter revenues jumped 13% after the company announced a $750 million share buyback program.

Sales totaled $2 billion in the third quarter of fiscal 2013, up from $1.8 billion in the same period last year, managers said Thursday.

Mark Donegan, chairman and chief executive officer, said the share repurchase program demonstrates his management team’s confidence in growth and cash generation.

Read more at OregonLive.com.

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