Precision Castparts 8-K 2015
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
June 9, 2015
Date of Report (Date of earliest event reported)
PRECISION CASTPARTS CORP.
(Exact name of registrant as specified in its charter)
4650 S.W. Macadam Avenue
Portland, Oregon 97239-4254
(Address of principal executive offices)
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Precision Castparts Corp. (the Company) is clarifying a forward-looking statement included in its Annual Report on Form 10-K. This clarification is consistent with the information provided on the Companys conference call on May 13, 2015 regarding its fourth quarter fiscal 2015 earnings. In its Annual Report, the Company stated that it expected modest margin expansion in its Forged Products segment compared to fiscal 2015. Instead, it should have stated that it expected modest margin expansion in its Forged Products segment in fiscal 2016 compared to the fourth quarter of fiscal 2015.
The statements regarding expected operating margins are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may materially differ materially because of a number of risks and uncertainties, including but not limited to fluctuations in the aerospace, power generation, and general industrial cycles; the relative success of the Companys entry into new markets; competitive pricing; the financial viability of the Companys significant customers; the concentration of a substantial portion of the Companys business with a relatively small number of key customers; the impact on the Company of customer or supplier labor disputes; demand, timing, and market acceptance of new commercial and military programs, and the Companys ability to accelerate production levels to meet order increases on new or existing programs in a timely fashion; the availability and cost of energy, raw materials, supplies, and insurance; the cost of pension and postretirement medical benefits; equipment failures; product liability claims; cybersecurity threats; relations with the Companys employees; the Companys ability to manage operating costs and to integrate acquired businesses in an effective manner, including the ability to realize expected synergies; the timing of new acquisitions; misappropriation of the Companys intellectual property rights; governmental regulations and environmental matters; risks associated with international operations and world economies; the relative stability of certain foreign currencies; fluctuations in oil & gas prices and production; the impact of adverse weather conditions or natural disasters; the availability and cost of financing; and the implementation of new technologies and process improvements. Any forward-looking statements should be considered in light of these factors. The Company undertakes no obligation to update any forward-looking information to reflect anticipated or unanticipated events or circumstances after the date of this document.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.