BRK-B · 10-Q · 2026Q1 · Full report
PCC Aerospace Demand
BERKSHIRE HATHAWAY INC · 2026-05-04 · Importance 58 · Surprise 56 · In source text
Precision Castparts Corp. (PCC) reported revenues of $2.9 billion in Q1 2026, up 8.2% YoY, with aerospace product revenues up 9.4% and industrial gas turbine power products up 18.9% YoY due to strong customer demand and higher prices. PCC’s pre-tax earnings increased 32.9% YoY in Q1 2026, aided by higher sales, improved manufacturing efficiencies, favorable business mix, and a non-recurrence of Q1 2025 fastener facility fire costs. Management noted that future sales and earnings growth will depend on the company's ability to increase production and expand capacity to meet demand, signaling potential capex or capacity initiatives. The Q1 performance materially bolstered the industrial products group's margins and consolidated manufacturing earnings for Q1 2026.
Key facts
- PCC pre-tax earnings increased 32.9% in Q1 2026 versus 2025; increase included costs/expenses associated with a fire at a fasteners facility in Q1 2025. source
- PCC revenues were $2.9 billion in Q1 2026, an increase of 8.2% versus 2025; aerospace revenues increased 9.4% and industrial gas turbine power products increased 18.9% versus 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | — | PCC pre-tax earnings increased 32.9% in Q1 2026 versus 2025; increase included costs/expenses associated with a fire at a fasteners… |