What is Precision Castparts Retained Earnings?
Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Precision Castparts's retained earnings for the quarter that ended in Sep. 2015 was $12,277 Mil.
Precision Castparts's quarterly retained earnings
increased
from Mar. 2015 ($11,685 Mil) to Jun. 2015 ($11,915 Mil) and
increased
from Jun. 2015 ($11,915 Mil) to Sep. 2015 ($12,277 Mil).
Precision Castparts's annual retained earnings
increased
from Mar. 2013 ($8,413 Mil) to Mar. 2014 ($10,172 Mil) and
increased
from Mar. 2014 ($10,172 Mil) to Mar. 2015 ($11,685 Mil).
Precision Castparts Retained Earnings Calculation
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Precision Castparts (NYSE:PCP) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Precision Castparts (Precision Castparts) Business Description
Traded in Other Exchanges
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Address
Precision Castparts Corp was incorporated in the State of Oregon. The Company is a manufacturer of complex metal components and products provides high-quality investment castings, forgings and fasteners/fastener systems for critical aerospace and power applications. It also provides investment castings and forgings for general industrial, armament, medical and other applications; nickel alloys and mill forms, as well as cobalt alloys, for the aerospace, chemical processing, oil and gas, pollution control and other industries; seamless pipe for coal-fired, industrial gas turbine, and nuclear power plants, as well as oil and gas applications; fasteners for automotive and general industrial markets; specialty alloys for the investment casting industry; refiner plates, screen cylinders and other products for the pulp and paper industry; metal-injection-molded and ThixoFormedparts for automotive and other markets; grinder pumps and affiliated components for low pressure sewer systems; critical auxiliary equipment and gas monitoring systems for the power generation industry; and metalworking tools for the fastener market and other applications. It manufactures complex metal components and products in three main business segments: Investment Cast Products, Forged Products and Fastener Products. The Company's Investment Cast Products segment manufactures investment castings for aircraft engines, IGT engines, airframes, medical prostheses, armament, unmanned aerial vehicles and other industrial applications. The segment also provides alloys to PCC's investment casting operations, as well as to other investment casting companies. It manufactures forged components for the aerospace and power generation markets. Forged Products' aerospace and IGT sales are mainly derived from the same large engine customers served by the Investment Cast Products segment, with additional aerospace sales to manufacturers of landing gear and airframes. Therefore, the dynamics of the aerospace and IGT markets, as described in the Investment Cast Products section above, are virtually the same for Forged Products. It manufactures forged components for the aerospace and power generation markets. Forged Products' aerospace and IGT sales are mainly derived from the same large engine customers served by the Investment Cast Products segment, with additional aerospace sales to manufacturers of landing gear and airframes. Therefore, the dynamics of the aerospace and IGT markets, as described in the Investment Cast Products section above, are virtually the same for Forged Products. The Company's main competitors are Ladish Co., a subsidiary of Allegheny Technologies, Inc., Fortech, S.A. and Thyssen AG for aerospace turbine products, Alcoa Inc. and Firth Rixson Limited for aerospace structural products, Vallourec & Mannesmann Tubes and Sumitomo Corporation for energy products and Allegheny Technologies, Inc., Carpenter Technology Corporation, Haynes International, Inc., an
Executives
| Ulrich Schmidt |
director |
PRECISION CASTPARTS CORP., 4650 SW MACADAM AVENUE, SUITE 400, PORTLAND OR 97239 |
| Richard L Wambold |
director |
C/O PACTIV CORP, 1900 W FIELD COURT, LAKE FOREST IL 60045 |
| Lester L Lyles |
director |
C/O MTC TECHNOLOGIES INC, 4032 LINDEN AVENUE, DAYTON OH 45432 |
| Timothy A Wicks |
director |
C/O PRECISION CASTPARTS CORP., 4650 SW MACADAM AVENUE, SUITE 400, PORTLAND OR 97239 |
| Andrew Masterman |
officer: EVP, Pres. Wyman-Gordon |
401 PLYMOUTH ROAD, SUITE 500, PLYMOUTH MEETING PA 19462-1646 |
| Kevin M Stein |
officer: Exec VP |
TRANSDIGM GROUP INCORPORATED, 1301 EAST 9TH STREET, SUITE 3000, CLEVELAND OH 44114 |
| Steven G Rothmeier |
director |
C/O E.W BLANCH HOLDINGS INC, 500 N. AKARD #4500, DALLAS TX 75201 |
| Russell S Pattee |
officer: VP and Corporate Controller |
PRECISION CASTPARTS CORP., 4650 SW MACADAM AVENUE, SUITE 400, PORTLAND OR 97239 |
| Chris Ayers |
officer: Exec. VP, Pres. PCC Forgings |
4650 S.W. MACADAM, SUITE #440, PORTLAND OR 97239 |
| William D Larsson |
officer: Sr. VP and CFO |
35 SHARPS CIRCLE, RENO NV 89519 |
| Byron O Pond |
director |
C/O GSI GROUP INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730-1409 |
| Wayne F Robbins |
officer: President; PCC Flow Technologi |
4650 SW MACADAM, STE 440, PORTLAND OR 97239 |
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