I need to break this reply into two messages:
PCTH company description - A consolidator of companies with compatible products and services and an integrator of technologies that provide significant opportunities in related growth markets. The Electronics group develops, manufactures and sells a broad range of precision component and electronic assemblies and explosively bonded materials designed to operate in harsh environments such as the ocean, space and the human body. The aerospace group provides machined, cast aluminum and metal parts and component assemblies to commercial and military aircraft, heavy trucking and automotive uses. The company also announced recently it's intention to form an information technology group and the company is currently conducting due diligence with respect to that group.
Markets served by PCTH include the aerospace, space, defense, medical, energy, transportation, telecommunication and general electronics industries. The key to PCTH growth has been cheaply acquiring area companies, most of them unprofitable, and then integrating them into a focused and efficient whole. The company's timing has been perfect, allowing them to buy companies compromised by the early 90's aerospace downturn and then harness the aerospace upsurge and turn them profitable. About 1/3 of the company's revenue growth has come fron acquisitions, while the rest is new business won by existing opportunities.
Boeing is a major customer and accounts for approximately 25% of revenues. Boeing is in the midst of it's greatest growth in it's history and plane production is rising as follows:
1 year ago 18 planes per month
currently 30 planes per month
2nd qtr, 1998 43 planes per month projected |
